รายละเอียดบทความ
| ชื่อเรื่อง |
The Implementation of International Accounting Standards in Thailand
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| ชื่อเรื่องรอง |
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| ชื่อผู้แต่ง |
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| หัวเรื่องคำสำคัญ |
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| หัวเรื่องควบคุม |
| 1. | Accounting -- Standards |
| 2. | การบัญชี -- มาตรฐาน |
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| คำอธิบาย / บทคัดย่อ |
This research investigates the extent to which the Accounting Reform-a period during which, as part of the Thai government promoted adoption of international accounting standards-has resulted in change in the contents of financial statements and in perceptions of the quality of Thai financial reporting. The degree of compliance between Thai accounting practices and the requirements of international accounting standards (IASs) was measured at three points in time by the inbox of compliance for a selected numbers of areas of accounting, for individual items required by standards in each area, and for individual companies against all the IASs included in the study.
This study reports that the degree of compliance with IAS requirements significantly increased over time. It concludes that the IAS adoption in Thai regulations has changed the contents of financial statements. From the questionnaire survey and interviews, opinions were expressed that the adoption of IAS in Thailand has increased the reliability and the validity of financial information. The results also reveal that financial statements prepared from the adopted IASs provide more information for decision making. To some extent, the IASB standards are considered to be suitable and three was support that Thai accounting standards could be based on IASs but with recognition of the need to lacalised to the environment.
Multivariate analysis was applied to test the association between companies ‘compliance levels and factors such as asset size, foreign investment, audit firm, rate of return, earnings margin and leverage. The multivariate reveals that asset size and appointment of a major international audit firm are significantly related to the degree of compliance for 1998 and 1999, and that audit firm is the only factor that is associated with variations in the compliance for 2000. The results suggest that the regulators of financial accounting and reporting in Thailand should focus more on small companies and companies whose accounts were not audited by an international audit firm.
The most influential factors in the adoption of the IAS in Thailand, as perceived by respondents, are the conditions associated with financial aid from the IMF, multinational corporations, global capital market, international lenders and international audit firms. Thailand faces significant problems in implementation of IAS due to the lack of familiarity with IAS, which has to be overcome through training courses and the availability of technical support. Thai regulators should be more stringent in monitoring and enforcement measures with respect to companies whose financial statements do not conform with the generally accepted accounting principles.
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