IFRS adoption in Sudan: An investigative study
List of Authors
  • Abdelwahab Ahmed Ibrahim , Hassan Babikier Altahir

Keyword
  • IFRS, IFRS Adoption, Accounting Practices

Abstract
  • This study investigated the adoption of IFRSs in Sudan. It aimed to investigate: the environmental and educational factors affecting the accounting practices in Sudan. Moreover, it targeted investigating the difficulties preventing the adoption of IFRSs and the potential benefits of IFRSs adoption in Sudan. Sixty-two questionnaires were distributed, and fifty-eight responses received (95% responseness). The results indicated that the accounting practice has a significant association with environmental and educational factors. Moreover, shortage of qualified accountants, weakness of accounting disclosure, absence of audit standards, tax evasion, and absence of disclosure regulations are the major difficulties facing the adoption of IFRSs in Sudan. Sudan will achieve many benefits from adopting IFRSs in the development of foreign direct investment and reducing illegal practices such as tax evasion. The study provided recommendations for improving accounting performance in Sudan, including increasing the accounting dose in the secondary educational level, focusing on accounting professional aspects in universities syllabus, developing a code of conduct for accounting profession in Sudan, and assuring the independence of the accounting regulatory bodies in Sudan.

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