ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS IN DEVELOPING ECONOMIES: IMPLICATIONS FOR VIETNAM
DOI:
https://doi.org/10.51453/3093-3706/2026/1423Keywords:
IFRS, International Financial Reporting Standards, developing economies, financial reporting, VietnamAbstract
The adoption of International Financial Reporting Standards (IFRS) has become an increasingly common trend in the context of global economic integration and the development of capital markets. However, the implementation of IFRS in developing economies often faces numerous challenges due to differences in institutional environments, human resource capacity, and the level of development of accounting systems. Based on a synthesis and analysis of previous studies, this paper identifies several key challenges associated with the implementation of IFRS in developing economies, including issues related to accounting and auditing human resources, technological infrastructure and accounting information systems, as well as the transition costs faced by enterprises. On that basis, the study discusses several implications for Vietnam in the process of implementing IFRS.
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