Research into the perception of different groups of accounting professionals towards
IFRS is timely and important to today’s Vietnamese industry, government and
accounting profession as well as to the academic accounting community. By narrowing
the differences between Vietnamese Accounting Standards (VAS) and IFRS,
Vietnamese businesses can present mandatory VAS (and thus IFRS) compliant
financial statements with potential investors on the same basis as their foreign
competitors. This will enable improved levels of comparison and enhance investors’
confidence.