FACTORS INFLUENCING THE EXTENT OF CORPORATE
    COMPLIANCE WITH IFRS. THE CASE OF HUNGARIAN
                 LISTED COMPANIES

                          Szilveszter Fekete, Lecturer PhD
                      „Babeş-Bolyai” University of Cluj-Napoca
                         szilveszter.fekete@econ.ubbcluj.ro

                            Dumitru Matiş, Pofessor PhD
                      „Babeş-Bolyai” University of Cluj-Napoca
                           dumitru.matis@econ.ubbcluj.ro

                            János Lukács, Professor PhD
                         „Corvinus” University of Budapest
                           janos.lukacs@uni-corvinus.hu


ABSTRACT: Since 2005 European listed companies report their financial figures
based on IFRSs. This paper investigates whether Hungarian listed companies comply
with IFRS disclosure requirements, identifying some factors associated with the level
of compliance. Although the issue of consolidation is not a new topic for Hungarian
specialists, the analysis focuses on the disclosure aspects of consolidation because
publishing consolidated accounts is considered still a problematic field (Fekete,
2008).
Findings suggest that corporate size and industry type (more specifically being in the
IT&C sector) are statistically associated with the extent of compliance with IFRS
disclosure requirements. This suggest that big, high tech companies comply best to
IRFS rules, possibly because they can benefit the most from them.

Keywords: IAS/IFRS, compliance, disclosure, Hungary

JEL Codes: M40, M41