The Perception of Chartered Accountant Professionals on the Opportunities for Implementing Private-Entity Financial Accounting Standards

DOI

10.2991/aebmr.k.220501.032How to use a DOI?

Keywords

Chartered Accountant; Private Entity Financial Accounting Standards

Abstract

Private Entity Financial Accounting Standards (SAK EP) as a substitute for Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP) will come into effect in 2025 encouraging companies to prepare financial statements approaching major SAKs that adopt IFRS. The readiness of the owners and management of private entities needs to be evaluated so that the implementation of SAK EP can be carried out properly. The Chartered Accountant (CA) profession who can be directly involved in the preparation of SAK EP financial statements is expected to have a view regarding the implementation of SAK EP. This study aims to describe the CA profession’s perception of the factors that affect the opportunity for the implementation of SAK EP which is illustrated by the expected cost effectiveness of implementing SAK EP and the preparation of financial reporting skills for private entities. The test of this research with SPSS version 20 is based on the respondent’s answer data about the CA profession’s perception of the opportunity to implement SAK EP. Referring to the theory of the firm and the theory prospect, the results of this study indicate that the expected cost-benefit effectiveness and preparation of financial reporting skills have a significant positive effect on the opportunity to implement SAK EP with a coefficient of determination (R2) 63.9%.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - M. F. Djeni Indrajati
AU  - Elizabeth S. Dermawan
PY  - 2022
DA  - 2022/05/11
TI  - The Perception of Chartered Accountant Professionals on the Opportunities for Implementing Private-Entity Financial Accounting Standards
BT  - Proceedings of the tenth International Conference on Entrepreneurship and Business Management 2021 (ICEBM 2021)
PB  - Atlantis Press
SP  - 205
EP  - 212
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220501.032
DO  - 10.2991/aebmr.k.220501.032
ID  - Indrajati2022
ER  -