Standard Requirements and Factors Affecting the Transition to IFRS in the Iranian Banking Industry

How to move from national accounting standards to international financial reporting standards has been a challenging issue for countries or institutions that adopt these standards around the world. The purpose of this paper is to identify IFRS requirements for implementation in Iranian banking industry as well as the factors influencing the transition from national accounting standards to International Financial Reporting Standards (IFRS). After conducting "systematic review", a questionnaire with 20 questions was designed and sent to four groups of "banks", "bank auditors", "supervisory institutions" and "academic experts and researchers" in order to collect the opinions of experts and financial reporting staff of banks. rate of return is 90% and data were analyzed using fuzzy logic. The findings show that the complex requirements of IFRS for implementation in Iranian banking industry are the measurement of expected credit losses, measurement of fair value, and measurement and disclosure of risks. Implementing these requirements without proper and purposeful planning is not desirable and requires the provision of the necessary infrastructure. Effective and efficient oversight of the supervisory authority, development of appropriate guidelines, formation of steering committees and coordinators of IFRS implementation, schedule of IFRS implementation requirements, establishment of a super-coordinating structure consisting of supervisors and trustees, reform of tax laws and regulations, corporate governance and Holding training and orientation courses is one of the most important actions that should be considered by respondents in planning the transition period.