Development of accounting and financial reporting practices in the Islamic Republic of Pakistan

Authored by: Imtiaz Badshah , Frode Mellemvik

The Routledge Handbook of Accounting in Asia

Print publication date:  August  2017
Online publication date:  August  2017

Print ISBN: 9781138189034
eBook ISBN: 9781315641867
Adobe ISBN:

10.4324/9781315641867.ch4

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Abstract

Accounting in Pakistan needs to be studied because this field has not yet received sufficient attention from researchers. Earlier studies (such as Kennedy, 1987; Quddus, 1991a; Haider, 1979; Braibanti, 1965, 1968; Khan, 1987; Baloch, 2003) concerning Pakistan have discussed its political, administrative and judicial development. These researchers have mainly emphasized the role of bureaucracy in implementing various types of reform. They argued that resistance from bureaucracy was the sole impediment to the implementation of reforms. These studies were predominantly descriptive in nature and lacked a theoretical understanding, nor did they take into account a set of factors that may impede or facilitate accounting reforms. The notion of the policy objectives, the relevance of the cultural, economic and political conditions of the country, the institutional structure and the role of transnational organizations in the implementation of government accounting reforms have received little/or no attention. However, as some studies indicated (Bergevärn et al., 1995; Tinker, 2004; Wickramasinghe and Hopper, 2005; Farazmand, 2002; Broadbent and Guthrie, 2008), these factors are crucial for understanding the development of accounting within societies. Therefore, this study is aimed at providing an understanding of the development of accounting in Pakistan.

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