were carefully selected so as to ensure data validity and relevance of
the findings. Also, such a sample size is regarded as sufficient for a
qualitative study (Son et al., 2006).
Further empirical research should provide evidence about the costs,
benefits, and effects of changing national accounting regulations/standards.
The political issues, such as the position of national regulators,
the relationship with taxation, lobbying issues and the strategies of
professional bodies in the context of implementing international standards,
also deserve further academic attention.