International Journal of Accounting and Taxation

The Impact of Management Structure and Bank Characteristics on the Level of Compliance with IAS 21: Evidence from Bahrain
Dr. Adel Mohammed Sarea, Hesa Jasim Al Nesuf

Abstract
This paper discusses the impact of management structure and bank characteristics on the level of compliance with IAS 21in Bahrain Stock Exchange (BSE).Issues addressed include the management structure and bank characteristics and its impact on the level of compliance with IAS 21 in Bahrain. The data were collected from financial reporting and questionnaire as primary data and the literature review as secondary data. The main findings concludethat, there is an impact of the management structure and bank characteristics on the level of compliance with IAS 21 in Bahrain. In addition, banks of Bahrain have a high level of compliance with IAS 21 standard. Based on the findings, this paper concludes with various recommendations for future research, the most important of which is the need for future studies on how IAS 21 accounting standards can be made mandatory in all GCC countries. This paper also contributes towards a better understanding and acceptability of the need and adoption of International Accounting Standards.

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