Open AccessOVERVIEW OF FACTORS IMPACTING TO THE APPLICATION OF ACCOUNTING STANDARDS
Author(s) -
Thi Thu Hoan Nguyen,
Thuong Thi Nguyen,
Thi Hong Hanh Nguyen,
Thi Thuy Hanh Nguyen
Publication year - 2020
Publication title -
khoa học và công nghệ
Language(s) - English
Resource type - Journals
ISSN - 2525-2267
DOI - 10.46242/jst-iuh.v37i01.321
Subject(s) - accounting , accounting information system , audit , business , transparency (behavior) , accounting standard , financial accounting , generally accepted auditing standards , computer science , computer security
The application of accounting standards is a necessary measure to ensure transparency and properly explain the information which is presented on the financial statements. When an enterprise applies accounting standards, that will help the users who use the information on the financial statements to make the right decision. However, the application of accounting standards in practice has met certain difficulties and obstacles. By qualitative research methods such as synthesis, analysis, comparison, interpolation, the authors have provided research results on the factors impacting to the application of accounting standards in the enterprises in Vietnam and on the world such as education level, impact of tax, the level of compliance, the influence of auditing organizations, the perception of business owners, characteristics of enterprises and capital sources, the level of increase Economic growth, political, cultural and legal factors aim to help businesses identify the factors to apply accounting standards easily and effectively to promote the development of economic and society.