Business Commons^™

Are U.S. Academics And Professionals Ready For Ifrs? An Explanation Using Technology Acceptance Model And Theory Of Planned Behavior, Murad Moqbel, Peerayuth Charoensukmongkol, Aziz Bakay

Information Systems Faculty Publications and Presentations

International Financial Reporting Standards (IFRS) have been adopted by several countries around the world as a common accounting and financial language. However, the U.S. is yet to do so. In this study, we investigate the acceptance of the U.S. academics (accounting and auditing students and professors) as well as practitioners (auditors, accountants, CPAs, and financial analysts) to embrace IFRS as a common accounting and financial reporting language. We discuss the extent to which they are familiar with IFRS as well as their perception about the usefulness and risks in adopting IFRS. We further touch on IFRS education, training, and information …