某会计师事务所给越南财政部的咨询报告(全英文版)

1、What is the purpose of the report?The purpose of this report is to provide fair advises for the Vietnanmese Ministry of Finance about whether the Vietnamese government should adopt International Financial Reporting Standards. In addition, the report will give some recommonedations about whether or n

2、ot the Vietnanmese government should fully adopt IFRS and whether MoF should perform one-off adoption. What is the audience for the report?The audience for the report will be the Vietnamese Ministry of Finance and organizations in support of and against the adoption of IFRS. What are the (key) decis

3、ions to be made?There are three key decisions to be made. The first one is whether the Vietnanmese government should adopt IFRS. Second, if the Vietnanmese government adopt the IFRS, whether the Vietnanmese government should fully adopt IFRS. The third one is whehter the adoption is a one-off adopti

4、on or a gradual compliance with IFRS.What information would help you to make these decisions?The origins, hisitory and expansion of IFRS are necessary for MoF to understand IFRS. Current and future position of IFRS are also essential for policy makers. The costs and benefits of adoption of The analy

5、sis of adoption of IFRS in countries like Vietnam would be helpful. Examples that fully adopt IFRS and one-off adopt IFRS are also necessary.Which information sources are most likely to hold this information? Books like Research in Accounting in Emerging Economics are good sources for this report. J

6、ournal articles discuss about the adoption and results in emerging markets and low investor protection countries are good sources. Reports, review, discussion paper and reflections from professional institutions like CPA and ACCA are also good sources. When you search for relevant information (in a

7、database for example) what keywords will/are you using?I will use adoption of IFRS, fully adoption of IFRS, accounting standards in Vietnam, one-off adoption of IFRS, adoption of IFRS in South-East Aisa and adoption of IFRS in Vietnam as key words.Identify 10 sources relevant to the project (e.g. jo

8、urnal articles, textbooks, websites etc.)1. Houqe, M.N., Easton, S. and van Zijl, T., 2014. Does mandatory IFRS adoption improve information quality in low investor protection countires?. Journal of International Accounting, Auditing and Taxation, 23(2), pp.87-97.2. Ramanna, K. and Sletten, E., 2014

9、. Network effects in countries adoption of IFRS. The Accounting Review, 89(4), pp.1517-1543.3. Phan, D.H.T. and Mascitelli, B., 2014. Optimal approach and timeline for IFRS adoption in Vietnam: Perceptions from accounting professionals. Research in Accounting Regulation, 26(2), pp. 222-229.4. Jeanje

10、an, T., 2012. The effect of IFRS adoption, investor protection and earnings quality: Some reflections. The International Journal of Accounting. 47(3), pp.356-362.5. Jang, M.H. and Rho, J.H., 2016. IFRS adoption and financial statement readability: Korean evidence. Asia-Pacific Journal of Accounting

11、& Economics, 23(1), pp.22-42.6. Shima, K.M. and Yang, D.C., 2012. Factors affecting the adoption of ifrs. International Journal of Business, 17(3), p.276.7. Houqe, M.N., Monem, R.M. and Van Ziji, T., 2012. Government quality, auditor choice and adoption of IFRS: A cross country analysis. Advance

12、s in Accounting, 28(2), pp.307-316.8. Ritsumeikan, L., 2012. Culture and the Globalization of the International Financial Reporting Standards (IFRS) in Developing Countries. Journal of International Business research, 11(S2), P.31.9. Lasmin, R., 2012. The unwanted effects of international financial

13、reporting standards (IFRS) adoption on international trade and investments in developing countries. Journal of Economics and Economic Education Research, 13(1), p.1.10. Sun, C., 2013. The possible application of international accounting standards in China (Doctoral dissertation, University of Birmin

14、gham).Complete a source analysis on 3 of the 10 sources with full bibliographic referencesFull citation of resourceHouqe, M.N., Easton, S. and van Zijl, T., 2014. Does mandatory IFRS adoption improve information quality in low investor protection countires?. Journal of International Accounting, Audi

15、ting and Taxation, 23(2), pp.87-97.Authors credentialsMuhammad Nurul Houqe is a senior lecturer of accounting in Victoria University of Wellingtom. He mainly focus on Capital market research. Authors intended audienceAuthors intended audience are standard setters and regulators in low investor prote

16、ction countries.Authors main argument(s)/main idea(s)Authors main argument is that the adoption of IFRS will improve the information quality in low investor protection countries, so the investors in these countries will get more protection. What evidence is provided to support the argument/idea? Giv

17、e specific examplesThe author listed the forecast earnings and actual earnings of 578 firms in France, Germany and Sweden to support the increase in accuracy of forecast.List facts provided by the author(s)The regression ran by researchers suggests that the adoption of IFRS in France, Germany and Sw

18、eden increased 0.69% forecase accuracy of analysts. List opinions provided by author(s)The adoption of IFRS does not only have an effect on high investor protection countries but also have a positive effect on low investor protection countries and civil law countries. The adoption of IFRS benefits l

19、ow investor protection countries than high investor protection countries.Why this a valuable resource for you? How will you use it?This resource talks about the benefits for Vietnanmese government to adopt IFRS because it will increase the accounting information quality. I will use it as an evidence

20、 to support the adoption of IFRSDoes the source raise any questions you need to answer?The question is whether Vietnam is a low investor protection country.Does the source have connections to other sources you have seen? (For example, it supports or contradicts them) If so, name the sources.No.Concl

21、usion (overall value of the resource and use in the report)This resource is a main evidence of supporting adoption of IFRS in the discussion part. Full citation of resourcePhan, D.H.T. and Mascitelli, B., 2014. Optimal approach and timeline for IFRS adoption in Vietnam: Perceptions from accounting p

22、rofessionals. Research in Accounting Regulation, 26(2), pp. 222-229.Authors credentialsDuc Hong Thi Phan is doing her post-doctor research in Swinburne University of Technology. Her main research area is IFRS. Authors intended audienceThis paper is written for Vietnanmese policy makers, accounting p

23、ractitioners and educators. Authors main argument(s)/main idea(s)The authors main idea is that the IFRS should be gradually adopted in Vietnam. The period should be 5 years. What evidence is provided to support the argument/idea? Give specific examplesThe author provided a survey including 728 useab

24、le responses to support her view.List facts provided by the author(s)31% of the respondents support full adoption and 65% of them support convergence. Only 5% of them do not allow a change in current accounting standards in Vietnam.List opinions provided by author(s)The adoption of IFRS in Vietnam m

25、ay not improve the informaion quality because the implementation is not enforced and the supervision system in Vietnam is not suffificent. Why this a valuable resource for you? How will you use it?This is a valuable resource because the author provide a survey, which clearly stated the opinions and

26、the degree to which the Vietnanmese entities prepared. I will use it as a evidence that Vietnanmese entites attitude towards the adoption of IFRSDoes the source raise any questions you need to answer?NoDoes the source have connections to other sources you have seen? (For example, it supports or cont

27、radicts them) If so, name the sources.NoConclusion (overall value of the resource and use in the report)This resource is a main evidence of potential risks of fully adopt and one-off adopt in the discussion part.Full citation of resourceJeanjean, T., 2012. The effect of IFRS adoption, investor prote

28、ction and earnings quality: Some reflections. The International Journal of Accounting. 47(3), pp.356-362.Authors credentialsThomas Jeanjean is a Professor and Dean of Accounting and management control department in ESSEC Business School. He is also the President of the French Accounting Association.

29、 Authors intended audienceThe authors intended audience are researchers and accounting and finance professionals.Authors main argument(s)/main idea(s)The author reviewed the result that the adoption of IFRS increased accounting quality and increase the degree of investor protection. Then, he found t

30、hat the conclusion ot these researchers is right but need to be more specificially. What evidence is provided to support the argument/idea? Give specific examplesThe author gathered more papers to confimred that conclusion of the researchers.List facts provided by the author(s)The increase of investor protection is confirmed.The increase of accounting quality is confirmed.List opinions provided by author(s)Investor protection need to be measured.The use of Large sample should be justified.Earning measurement should be more specific.Why this a valuab