This Encyclopedia presents a comprehensive overview of international accounting. Top scholars in the field highlight key issues such as accounting standards, sustainability reporting, ethical standards, corporate governance, theories of regulation, and international institutions. With an examination of core concepts and definitions surrounding international accounting, including tax havens, money laundering, international auditing, and global accounting standards, it covers both key theories and current challenges in the field. Theories of regulation form a framework for entries to explain why governments intervene in markets in order to regulate economic activities, covering public interest theory, capture theory, rent-seeking theory, institutional theory, and regulatory competition theory. The Encyclopedia further looks at issues connected to globalization such as the benefits and costs of adopting international financial reporting standards, the major factors affecting international accounting practices, and the challenges of managing multinational corporations. Key Features: Entries divided into thematic sections for ease of reference Summarizes trends of qualitative and quantitative research in international accounting Includes commentaries on 167 cross-continent jurisdictions regarding the adoption of international financial reporting standards Outlines the institutions linked to international accounting practices, including the IASB, IFAC, International Monetary Fund, and World Trade Organisation This Encyclopedia is an insightful read for accounting scholars, international accounting regulators, and practitioners in accounting, audit firms, and business.

Table of Contents:
Contents Preface viii Acknowledgements x PART I CONCEPTS AND DEFINITION 1 International accounting 2 Hector Perera 2 International convergence of financial reporting 7 Parmod Chand 3 International ethical standards in accounting 14 Nam The Nguyen 4 International Financial Reporting Standards (IFRS) 21 Rajni Mala 5 International Financial Reporting Standards (IFRS) for small and medium-sized enterprises 27 Dinuja Perera 6 International issues in auditing 37 Vida Botes 7 International issues in corporate governance 44 Zhuoan Feng 8 International issues in managing multinational corporations 51 Rakesh Pandey and Mansi Mansi 9 International sustainability reporting 58 Sumit K. Lodhia 10 Prominent ethical issues in international accounting and business 64 Mary Low and Nirupika Liyanapathirana PART II THEORIES AND RESEARCH METHODS 1 Accounting systems 75 Kanwal Javed 2 Conceptual framework 81 Kanwal Javed 3 Theories of accounting regulation 87 Krishan Prasad 4 Advancing qualitative research in international accounting 95 Dale Tweedie 5 Trends of quantitative research in international accounting 101 Parmod Chand and Rajni Mala PART III INTERNATIONAL ACCOUNTING ISSUES 1 Benefits and costs of International Financial Reporting Standards (IFRS) implementation 112 Mohammad Abu Taleb and Afzalur Rashid 2 Information technology 117 Mohammad Abu Taleb and Afzalur Rashid 3 International Financial Reporting Standards (IFRS) implementation: institutional arrangements 126 Mohammad Abu Taleb and Afzalur Rashid 4 Integrated reporting 138 Pei-Chi Kelly Hsiao PART IV INSTITUTIONS 1 Institutions 147 Umesh Sharma International Accounting Standards Board 147 International Federation of Accountants 147 International Monetary Fund 148 International Organization of Securities Commissions 149 International Sustainability Standards Board 151 World Trade Organization 151 World’s Largest Public Accounting Firms (Big 4) 153 PART V FACTORS AFFECTING INTERNATIONAL ACCOUNTING PRACTICES 1 Factors affecting international accounting practices 159 Noriyuki Tsunogaya Culture 159 Education level 161 Inflation 161 Legal system 162 Level of economic development and capital markets 162 Political and economic ties 163 Religion 163 Sources of finance 164 Status of the accounting profession 165 Taxation 165 PART VI INTERNATIONAL ACCOUNTING PRACTICES ACROSS THE GLOBE 1 The International Financial Reporting Standards Foundation 168 Md Mustafizur Rahaman 2 International accounting practices across the countries in Europe 169 Md Mustafizur Rahaman 3 International accounting practices across the countries in Africa 209 Md Mustafizur Rahaman 4 International accounting practices across the countries in the Middle East 239 Md Mustafizur Rahaman 5 International accounting practices across the countries in Asia and Oceania 250 Md Mustafizur Rahaman 6 International accounting practices across the countries in the Americas 283 Md Mustafizur Rahaman Index 312