Browsing by Author "Alyammahi, Fatmah Mohamed Saeed Humaid"

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    Global Financial Crisis: A survey on the adoption of International Financial Reporting Standards (IFRS) In the United Arab Emirates
    (The British University in Dubai (BUiD), 2013-04) Alyammahi, Fatmah Mohamed Saeed Humaid
    International Financial Reporting Standards (IFRS) is the most accepted and widely followed accounting standards all over the world. Since it play a vital role in raising the accounting quality because of its tight requirement of transparency. Therefore, the main objectives of this study are to examine whether the adoption of IFRS and financial crises are independent of each other, to test the extent of adoption of IFRS in the UAE in 2013 and to systematically analyze whether the IFRS guidelines helped safeguard the interest of the investors and public. To achieve these objectives, a survey is designed and analyzed. The main findings of this survey are that noncompliance with IFRS is one of the main causes of financial crisis 2007/2008 and the high adoption of IFRS can avoid future crises. In addition, the level of adoption of IFRS in the UAE is good and high. Furthermore, the study results prove that IFRS help in safeguarding the interest of the investors. In conclusion, the study suggests recommendations to financial practitioners, supervisory authority, investors, companies and researchers.