What is it about?
The paper attempts to test and answer the research question; does the financial sector in Bahrain comply with IFRS 7? These results could lead to high level of awareness about the financial instruments. Adoption of the IFRS 7 could lead to high level of compliance and play a significant role in attracting global investors’ interest to the local markets, especially in a developing country like Bahrain.
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Why is it important?
The main findings are, the level of compliance varied by industry and the highest level of compliance reported for the investment sector whereas the lowest for the insurance industry. This result indicates that all listed companies are complying with IFRS 7 in terms of the standard disclosure requirements.
Perspectives
i think this paper is important because of the need of applying IFRS 7 by listed firms in Bahrain Bourse but using only the disclosure compliance checklist not enough to measure the level of compliance, other factors should be considered for future research
Dr Adel Sarea
Ahlia University
Read the Original
This page is a summary of: The level of compliance with International Financial Reporting Standards (IFRS 7), World Journal of Entrepreneurship Management and Sustainable Development, July 2015, Emerald,
DOI: 10.1108/wjemsd-02-2015-0009.
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