An International Meeting of the American Accounting Association American Accounting Association 2006 Annual Meeting August 6–9, 2006 Washington, D.C.

Khaled M. Dahawy
The American University in Cairo

Abstract: This research aims to study the implementation of IAS/IFRS in developing nations and examining the characteristics in companies that comply with IAS/IFRS disclosure requirements. The study investigates the degree of compliance of listed Egyptian companies with disclosure requirements of Egyptian Accounting Standards (based on IAS/IFRS) and the significant corporate characteristics that affect the compliance with required disclosure? The study examines 50 companies listed on the Egyptian Stock Exchange, and compares actual and required disclosures of these companies. Also, quantitative analysis is used to link each company’s disclosure level with corporate characteristics that relate to disclosure level as indicated by prior research. The findings indicate that the degree of disclosure is affected by the highly secretive Egyptian Culture, and that the affiliation of the auditor with an international firm is the most significant variable that affects the level of reported disclosure.

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