Audit committee effectiveness, isomorphic forces, managerial attitude and adoption of international financial reporting standards

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dc.contributor.authorBananuka, Juma
dc.contributor.authorWalugyo Kadaali, Arafat
dc.contributor.authorMukyala, Veronica
dc.contributor.authorMuramuzi, Bruno
dc.contributor.authorNamusobya, Zainab
dc.date.accessioned2022-11-08T14:13:59Z
dc.date.available2022-11-08T14:13:59Z
dc.date.issued2019
dc.description.abstractThe purpose of this paper is to report the results of a study carried out to establish the contribution of audit committee (AC) effectiveness, isomorphic forces and managerial attitude to the adoption of international financial reporting standards (IFRS). Design/methodology/approach – This study is cross-sectional and correlational. Data were collected through a questionnaire survey of 67 MFIs that are members of the Association of Microfinance Institutions of Uganda (AMFIU). Findings – Both AC effectiveness, isomorphic forces and managerial attitude significantly contribute to the adoption of IFRS. However, the explanatory power of managerial attitude is subsumed in isomorphic forces and AC effectiveness. Results further indicate that AC effectiveness partially mediates the relationship between isomorphic forces and adoption of IFRS. In terms of control variables, ownership and capital structure are not significant predictors of adoption of IFRS. Originality/value – To the authors’ knowledge, this is the first study to investigate the contribution of AC effectiveness, isomorphic forces and managerial attitude to the adoption of IFRS in MFIs using evidence from a developing country on the African scene like Uganda. Further, earlier literature has not tested the mediating effect of AC effectiveness in the relationship between isomorphic forces and the adoption of IFRS which has been reported in this paper.en_US
dc.identifier.citationBananuka, J., Kadaali, A. W., Mukyala, V., Muramuzi, B., & Namusobya, Z. (2019). Audit committee effectiveness, isomorphic forces, managerial attitude and adoption of international financial reporting standards. Journal of accounting in Emerging Economies. DOI 10.1108/JAEE-08-2018-0084en_US
dc.identifier.other10.1108/JAEE-08-2018-0084
dc.identifier.urihttps://nru.uncst.go.ug/handle/123456789/5193
dc.language.isoenen_US
dc.publisherJournal of accounting in Emerging Economiesen_US
dc.subjectAudit committee effectivenessen_US
dc.subjectIsomorphic forcesen_US
dc.subjectManagerial attitudeen_US
dc.subjectMicrofinance institutionsen_US
dc.subjectUgandaen_US
dc.titleAudit committee effectiveness, isomorphic forces, managerial attitude and adoption of international financial reporting standardsen_US
dc.typeArticleen_US
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