Convergence IFRS in Turkey: Insights and Evidence from Academicians and Practitioners

Abstract

Determining the comparisons and opinions of academicians and practitioners regarding IFRS, IFRS convergence process and IFRS for SMEs in the arrangement process which are important for emerging economies such as Turkey is the main purpose of this study. The global convergence process of general profile in Turkey is asserted. The theoretic basis of the study has been formed in the view of the researches regarding nation treatments in literature and the model explaining the international transformation in Turkey has been designed.In pursuit of this, Financial Reporting Convergence Questionnaire (FRCQ), which was developed by Rezaee et. al. (2010), has been benefited and this scale has been applied to the study group by repreparing the scale at an international level so as to specify the viewpoints of the academicians and practitioners in Turkey regarding this period..

Keywords: Convergence, IFRS, Emerging Economy, Turkey, Academicians, Practitioners