INFLUENCE GLOBALIZATION TO STANDARD INDIAN ACCOUNTING: PERSPECTIVES CULTURE

Abstract

Study This explore influence globalization to standard accounting in india from perspective culture. Globalization has push adoption standard accountancy international, especially International Financial Reporting Standards (IFRS), for increase transparency and accountability reporting finance. However, the implementation of standard this in India facing significant challenges​ Because existence difference strong culture.​ Indian culture comes first personal relationships, loyalty, and confidentiality in business often contradictory​ with principle transparency promoted by IFRS. Research This use approach qualitative descriptive with analysis studies literature and interviews deep with practitioner accounting in India. Research results show that although company big in India more easy adapt with standard international, SME face obstacle Because limitations source power and resistance to change culture. Financial regulators in India play a role important in support adoption standard through implementation Ind AS, however effort This need customized with context local. Research This emphasize importance consider aspect culture in implementation standard accountancy international and suggest the need support more carry on for SMEs to facilitate effective transition.​