Compliance with Mandatory IFRS by Listed Companies: Evidence from a Developing Country

This study measures compliance with the requirements of International Financial Reporting Standards in annual reports issued by listed companies in Bangladesh as a developing country. After identifying poorly complying companies using multiple methods, the study examines progress in achieving compliance by these companies eight years later. The influence of company characteristics on compliance is tested after factor analysing many financial measures to determine their underlying structure, together with non-financial measures. The findings have implications for accounting standard setters and regulators in enhancing worldwide accounting practice harmonisation, and the study's methodological contributions are expected to have implications for future compliance studies.