The adoption of IFRS standards: What impacts on the management control of publicly traded companies? an exploratory study

Abstract

The introduction and adoption of International Accounting Standards/International Financial Reporting Standards (IAS/IFRS) represent the most significant revolution in the accounting and financial world since the early 2000s. This revolution has profoundly impacted companies, bringing about significant changes at both the functional and process levels, as well as among the involved stakeholders. The objective of this article is to study the impact of IAS/IFRS on management control within companies listed on the Casablanca Stock Exchange.

Initially, we presented the theoretical approaches and previous empirical studies conducted on the subject. At this stage, the impact of IFRS on management control has been identified in the literature by examining the effects of these standards on the quality of financial information, earnings management, tools and information systems, organization and processes, as well as on the professions, skills, and behaviors within companies. A conceptual research model was developed to conduct an exploratory study in the Moroccan context.

Subsequently, we conducted an exploratory study through a questionnaire administered to a sample of 30 companies listed on the Casablanca Stock Exchange. The results of our study allowed us to refine the measurement items to improve our model, constructed based on the literature, and to deepen our understanding of the effects of adopting IFRS on management control in the Moroccan context.

Keywords: IAS/IFRS, management control, impact, companies listed, exploratory analysis.

JEL Classification: C12, G15

Paper type: Empirical research