Summary on the Development of Accounting and Auditing Practises towards IFRS-IAS/ISA in Jordan: Historical and Theoretical Perspective-Reference-Cited by-同舟云学术

Summary on the Development of Accounting and Auditing Practises towards IFRS-IAS/ISA in Jordan: Historical and Theoretical Perspective

Published:2024-04-12 Issue: Volume:21 Page:967-987
ISSN:2224-2899
Container-title:WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
language:en
Short-container-title:

Author:

Alharasis Esraa Esam¹,Haddad Hossam²,Al-Shattarat Husni K.³,Al-Ramahi Nidal Mahmoud³

Affiliation:

1. Department of Accounting, College of Business, Mutah University, Karak, JORDAN

2. Business Faculty, Zarqa University, Zarqa 11831, JORDAN

3. Department of Accounting, Zarqa University, Zarqa, JORDAN

Abstract

In this article, we take a look at the evolution of accounting in the Middle East [ME] region, with a focus on Jordan. We shall examine the major events in this region’s history and see how they relate to the global accounting agenda, changes in the local and international economic landscape, and other relevant developments. Pay close attention to how cultural and historical factors, in addition to worldwide accounting principles, impact the local accounting environment. The adoption of “International Financial Reporting Standards” [IFRS] by MENA nations is examined, along with the reasons and motives behind it, and the effects on the auditing and accounting professions as a whole. This marks a significant milestone in recent history. This article looks at the history of accounting and auditing in Jordan and how it has developed in relation to the International Accounting and Auditing Standards. It also discusses potential future advances in this field.

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

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