Examining key determinants of International Financial Reporting Standards (IFRS) adoption in Vietnam: an institutional perspective

Dr Phan's thesis examined key determinants of International Financial Reporting Standards (IFRS) adoption in Vietnam. IFRS are designed to be a single high quality set of global accounting standards. However, the relevance of IFRS to different countries with different institutional and legal environments is questionable. Different hypothesised structural models were tested using survey data of Vietnamese accountants' perceptions on IFRS. The findings reveal that Vietnam is not yet ready to embrace full adoption of IFRS as mandatory standards in the short-term. A five-year period for transition and preparation with many difficulties and obstacles associated with IFRS implementation is anticipated.