Accounting and Auditing Research

Accounting and Auditing Research

Analyzing the Accounting and Auditing Organization of Islamic Financial Institutions (AAOIFI) Standards Acceptance Using Diffusion of Innovation Theory Indicators

Document Type : Original Article

Authors
Fatemeh Babaei 1
Seyyed Ali Hosseini 2
1 Assistant Prof., Department of Accounting, Payam Noor University, Tehran, Iran
2 Associate Prof., Department of Accounting, Faculty of Economic Sciences, Alzahra University, Tehran, Iran
10.22034/iaar.2025.241597
Abstract
This article seeks to analyze the adoption of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) standards using diffusion of innovation theory indicators. The statistical population of this study was academics and practitioners, and a survey tool in the form of a questionnaire was used to collect data from them. Partial least squares structural equation modeling (PLS-SEM) was used to analyze the completed questionnaires. The findings indicated the validity of the measurement model of the constructs. The findings from the structural model evaluation also showed that the characteristics of the standards of the Accounting and Auditing Organization of Islamic Financial Institutions, which are based on the diffusion of innovation theory indicators, including comparative advantage, compatibility, complexity, trialability, and observability, have an impact on their acceptance, and in this regard, there is no significant difference between the views of academics and practitioners.
 The findings of this study are important in the acceptance and application of the standards of the Accounting and Auditing Organization of Islamic Financial Institutions by the custodians of the country's Islamic financial markets, promote the use of the diffusion of innovation theory in the Islamic accounting and finance literature, and provide a platform for the further development of Islamic accounting in the country.
Keywords
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) Standards, Diffusion of Inovation (DOI) Theory, Partial Least Square Structural Equation Modeling (PLS-SEM)
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