HomeIAMURE International Journal of Business and Managementvol. 5 no. 1 (2013)

Interpretive Dialogue: Cultural, Socio Spiritual Dimensions and Auditors’ Competence in Implementing IFRS Convergence in Indonesia

Nanang Shonhaji

Discipline: Business, Management



Convergence of local GAAP to IFRS in Indonesia was influenced by cultural, socio-spiritual and internal auditors’ competence when they report the financial statements to the management. This study used the interpretive paradigm as a tool to answer the research questions and supported by empirical facts that utilized the theory as the basis for analyzing the realities during the research process. The aim of this research is to determine the relevant values of the dimensions of cultural, spiritual and internal auditors’ competence to implement IFRS convergence in Indonesia. The results of this study indicate that the internal auditors within the scope of social life cannot separate the elements of culture that was formed in the implementation of IFRS convergence on the financial statements. Internal auditors understand their task as well as spiritual and worldly. Internal auditors’ competence was interpreted as sufficient capability through formal education and experience as an accountant. Suggestions and limitations also presented in this study for further research consideration.