E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 4, Issue 1, 2024

Theoretical Basis of International Economic Integration and Socio-Cultural and Educational Levels Affecting the Application of International Financial Reporting Standards for Small and Medium Enterprises in Hanoi

Author(s): Nguyen Thi Thanh Nga, Nguyen Thi Thu Thuy


Around the world, researchers have applied a number of theories to study the factors affecting financial reporting conversion according to IFRS.

These are: Behavioral theory, agency theory, uncertainty theory. Based on the study of the above theories, the authors established a list of factors that affect the application of IFRS in general, including: International integration, Enterprise size, Costs, Accounting qualifications, culture. Socialization, capital scale, law. Within the scope of this research, the author presents the theoretical basis for international economic integration and the level of social culture and education that affects the application of standards. International financial accounting standards for small and medium enterprises in Hanoi. Hanoi is home to the largest proportion of small and medium enterprises in Vietnam. From there, determining Hanoi's position in applying international financial reporting standards for small and medium enterprises helps small and medium enterprises in Hanoi in particular and Vietnam in general to be able to Integrate with small and medium enterprises around the world.

Keywords: International Financial Reporting Standards, Small and Medium Enterprises, International Economic Integration, Cultural and Social Level

Pages: 1228-1231

Download Full Article: Click Here