Transition to the Revised OHADA Law on Accounting and Financial Reporting: Corporate Perceptions of Costs and Benefits

摘要

This paper examines the ongoing transition to the revised Organisation for the Harmonisationof Business Law in Africa Act on Accounting and Financial Reporting for companies in general andto the International Financial Reporting Standards for listed and group companies with a particularfocus on recent institutional developments and corporate concerns. The study used 80 professionalaccountants, most of whom were members of the Institute of Chartered Accountants of Cameroonand academics. Using the descriptive statistics, the study shows that the transition to the revisedOHADA brings about a high level of comparability and transparency of the financial statements, thatthe International Financial Reporting Standards can be implemented in Cameroon (but not fully),and that the benefit of the transition exceeds the cost.