This study was conducted by surveying 119 directors and corporate accountants for the reasons: (1) to collect their opinions about the roadmap and the scope of IFRS implementation; (2) to investigate the benefits to companies, investors, policy makers and government agencies; and (3) to assess the challenges of IFRS implementation. | Roadmap for the implementation of IFRS in Vietnam Benefits and challenges Accounting 6 2020 533 552 Contents lists available at GrowingScience Accounting homepage ac Roadmap for the implementation of IFRS in Vietnam Benefits and challenges Ngoc Thi Buia Oanh Thi Tu Lea and Huy Manh Daoa aUniversity of Labour and Social Affairs Hanoi Vietnam CHRONICLE ABSTRACT Article history Since 2001 the International Accounting Standards Board has issued a set of accounting principles Received March 1 2020 with the name International Financial Reporting Standards IFRS . Along with the adoption of IFRS Received in revised format March in many countries around the world Vietnam is preparing a roadmap for the implementation of IFRS 30 2020 by 2022. This study was conducted by surveying 119 directors and corporate accountants for the Accepted April 9 2020 Available online reasons 1 to collect their opinions about the roadmap and the scope of IFRS implementation 2 to April 9 2020 investigate the benefits to companies investors policy makers and government agencies and 3 to Keywords assess the challenges of IFRS implementation. The results show that IFRS implementation increases Accounting in Vietnam the comparability and quality of financial information reduces investment risks increases market Adopting IFRS efficiency and attracts foreign direct investment. However organizations face many difficulties to Benefits adopt IFRS as cost human resources legal and market issues. Analysis and comparison with the Difficulties Sample Test show that there is no difference in assessing benefits and challenges by qualifications IFRS gender position region nor firm size. ANOVA analysis showed that there is a difference in the benefits for policy makers by age and for investors by type of business. This study also suggests implications in policies for the implementation of IFRS in Vietnam. 2020 by the authors licensee Growing Science Canada 1. Introduction Along .
