Barriers to institutionalization of an IFRS-based model : perceptions of portuguese auditors
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/20.500.11960/3102 |
Resumo: | Purpose – In 2010, Portugal’s newly implemented Accounting Standardization System (SNC - Sistema de Normalização Contabilística) aligned Portuguese accounting standards for unlisted companies with International Financial Reporting Standards (IFRS). The purpose of this paper is to explore the influence of the local context and the role of auditors in the institutionalization of this IFRS-based model in Portugal. Design/methodology/approach – Drawing from an institutional theory framework, the authors interviewed 16 Portuguese auditors in 2017 (seven years after formal implementation of the SNC) to determine their perceptions on whether barriers to the IFRS-based model persisted. Findings – The authors reveal that the code-law institutional logic embedded in the Portuguese context is hindering full institutionalization of the new accounting model. Some persisting barriers to implementation reflected a decoupling between formal requirements and actual practices. Despite these barriers, there has been an encouraging institutionalization of SNC. The authors reveal a high level of commitment of auditors. They draw attention to the engagement of auditors in the institutional work that is intended to assist in SNC implementation, and their role as promoters of a power-knowledge discourse in propagating IFRS institutional logics at the national level, namely, through the justification and rationalization of the reported institutional contradictions. Practical implications – The highlighting the authors provide of problems related to accounting change should assist international regulators, the Portuguese standard-setter and professional accounting associations to devise appropriate strategies to promote IFRS-based accounting systems implementation. Originality/value – The authors contribute to the skimpy literature on micro institutional analysis andencourage further exploration of the dynamics between the micro and macro levels of analysis in institutional research. |
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Barriers to institutionalization of an IFRS-based model : perceptions of portuguese auditorsPerceptionsPortugalInstitutionalizationAccounting changeIFRS-based systemsPurpose – In 2010, Portugal’s newly implemented Accounting Standardization System (SNC - Sistema de Normalização Contabilística) aligned Portuguese accounting standards for unlisted companies with International Financial Reporting Standards (IFRS). The purpose of this paper is to explore the influence of the local context and the role of auditors in the institutionalization of this IFRS-based model in Portugal. Design/methodology/approach – Drawing from an institutional theory framework, the authors interviewed 16 Portuguese auditors in 2017 (seven years after formal implementation of the SNC) to determine their perceptions on whether barriers to the IFRS-based model persisted. Findings – The authors reveal that the code-law institutional logic embedded in the Portuguese context is hindering full institutionalization of the new accounting model. Some persisting barriers to implementation reflected a decoupling between formal requirements and actual practices. Despite these barriers, there has been an encouraging institutionalization of SNC. The authors reveal a high level of commitment of auditors. They draw attention to the engagement of auditors in the institutional work that is intended to assist in SNC implementation, and their role as promoters of a power-knowledge discourse in propagating IFRS institutional logics at the national level, namely, through the justification and rationalization of the reported institutional contradictions. Practical implications – The highlighting the authors provide of problems related to accounting change should assist international regulators, the Portuguese standard-setter and professional accounting associations to devise appropriate strategies to promote IFRS-based accounting systems implementation. Originality/value – The authors contribute to the skimpy literature on micro institutional analysis andencourage further exploration of the dynamics between the micro and macro levels of analysis in institutional research.2023-01-10T11:38:44Z2021-01-01T00:00:00Z20212022-11-03T14:51:03Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/20.500.11960/3102eng2049-372X10.1108/MEDAR-09-2020-1014metadata only accessinfo:eu-repo/semantics/openAccessFontes, AlexandraRodrigues, Lúcia LimaMarques, CarlaSilva, Ana Paulareponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-21T14:41:06Zoai:repositorio.ipvc.pt:20.500.11960/3102Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:44:16.097131Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Barriers to institutionalization of an IFRS-based model : perceptions of portuguese auditors |
title |
Barriers to institutionalization of an IFRS-based model : perceptions of portuguese auditors |
spellingShingle |
Barriers to institutionalization of an IFRS-based model : perceptions of portuguese auditors Fontes, Alexandra Perceptions Portugal Institutionalization Accounting change IFRS-based systems |
title_short |
Barriers to institutionalization of an IFRS-based model : perceptions of portuguese auditors |
title_full |
Barriers to institutionalization of an IFRS-based model : perceptions of portuguese auditors |
title_fullStr |
Barriers to institutionalization of an IFRS-based model : perceptions of portuguese auditors |
title_full_unstemmed |
Barriers to institutionalization of an IFRS-based model : perceptions of portuguese auditors |
title_sort |
Barriers to institutionalization of an IFRS-based model : perceptions of portuguese auditors |
author |
Fontes, Alexandra |
author_facet |
Fontes, Alexandra Rodrigues, Lúcia Lima Marques, Carla Silva, Ana Paula |
author_role |
author |
author2 |
Rodrigues, Lúcia Lima Marques, Carla Silva, Ana Paula |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Fontes, Alexandra Rodrigues, Lúcia Lima Marques, Carla Silva, Ana Paula |
dc.subject.por.fl_str_mv |
Perceptions Portugal Institutionalization Accounting change IFRS-based systems |
topic |
Perceptions Portugal Institutionalization Accounting change IFRS-based systems |
description |
Purpose – In 2010, Portugal’s newly implemented Accounting Standardization System (SNC - Sistema de Normalização Contabilística) aligned Portuguese accounting standards for unlisted companies with International Financial Reporting Standards (IFRS). The purpose of this paper is to explore the influence of the local context and the role of auditors in the institutionalization of this IFRS-based model in Portugal. Design/methodology/approach – Drawing from an institutional theory framework, the authors interviewed 16 Portuguese auditors in 2017 (seven years after formal implementation of the SNC) to determine their perceptions on whether barriers to the IFRS-based model persisted. Findings – The authors reveal that the code-law institutional logic embedded in the Portuguese context is hindering full institutionalization of the new accounting model. Some persisting barriers to implementation reflected a decoupling between formal requirements and actual practices. Despite these barriers, there has been an encouraging institutionalization of SNC. The authors reveal a high level of commitment of auditors. They draw attention to the engagement of auditors in the institutional work that is intended to assist in SNC implementation, and their role as promoters of a power-knowledge discourse in propagating IFRS institutional logics at the national level, namely, through the justification and rationalization of the reported institutional contradictions. Practical implications – The highlighting the authors provide of problems related to accounting change should assist international regulators, the Portuguese standard-setter and professional accounting associations to devise appropriate strategies to promote IFRS-based accounting systems implementation. Originality/value – The authors contribute to the skimpy literature on micro institutional analysis andencourage further exploration of the dynamics between the micro and macro levels of analysis in institutional research. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-01-01T00:00:00Z 2021 2022-11-03T14:51:03Z 2023-01-10T11:38:44Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/article |
format |
article |
status_str |
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dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/20.500.11960/3102 |
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http://hdl.handle.net/20.500.11960/3102 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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2049-372X 10.1108/MEDAR-09-2020-1014 |
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metadata only access info:eu-repo/semantics/openAccess |
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metadata only access |
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openAccess |
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application/pdf |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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