STUDI PERBANDINGAN TINGKAT KEPATUHAN ADOPSI INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) DI 12 NEGARA

Abstract

Adoption of IFRS arising from the need for information that is relevant and comparable. Adoption process in each state also diferent. In the European Union, the adoption process has been started since 2005. For countries in Asia, most of them are just starting this process arround the 2009. With the adoption process is then required to update the existing standards. The big difference in the economic situation in each country, the process must be done differently. It also will affect to the financial statements produced. This study aims to answer the research questions regarding: how the level of compliance of the research object in adopting IFRS , how the state accounting system grouping objects of research and influence on the financial statements produced by the company. This research was conducted by using the comparative method of qualitative analysis on the companies selected to represent the 12 states research object. Selection of 12 countries was carried outt by countries that are member of the IFAC (International Federation of Accountans). 12 countries were selected in this research has been recognized and registered in the SMOs (Statement of Membership Obligation). And the other reason is as representative distribution of 5 continent. The data used are secondary data from financial statements published by the company for each selected countries. The results of this study showed that every country have different level of compliance in the process of IFRS adoption. This is supported by the differences in the economic system of each country, which then made the classification of the accounting system adopted by each country into two types. The level of compliance of each country can be seen through the financial statements reported by the company. Countries that have high level of compliance, automatically has adopted almost all the component of IFRS. The impact of the adoption process is will visible on the concept of measuring the financial statements. Where in the financial statements that have adopted IFRS uses the concept of measuring elements of financial statements by using the concept of fair value requires the use of judgment in the financial statements. Then gives the impact which the disclosure in the notes to the financial statements into more detail.