What influences the willingness of Vietnamese accountants to adopt International Financial Reporting Standards (IFRS) by 2025?

Abstract

Purpose The purpose of this paper is to examine the effects of perceived implications of International Financial Reporting Standards (IFRS) adoption on the willingness to adopt IFRS. Design/methodology/approach The study analysed the causal relationships between perceptions and the willingness of the accountants to adopt IFRS. Findings The findings revealed that perceived benefits drove the willingness to adopt IFRS whereas the perceived disadvantages and challenges diminished the willingness. Knowledge of IFRS enhanced the willingness towards IFRS adoption. Also, legitimacy desire enhanced the association between the perceived implications and the willingness to adopt IFRS. Originality/value The study contributes significantly to theory and practice as Vietnamese policy makers recently announced their strategic planning to full IFRS adoption by 2025.

Keywords Vietnam, IFRS, Benefits, Perception, Legitimacy, Disadvantages