Developing the system of qualitative characteristics of financial information

Kruglyak, Z.I.; Швырева, О.И.

doi:10.24891/ia.20.18.1051

Cited by 5 publications

(2 citation statements)

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“…Therefore, investors and other capital providers find such information useful if present in the annual report. The second construct concerns the degree of information disclosure concerning business risks and opportunities (Kruglyak and Shvyreva 2018). Non-financial information complements financial information in terms of its predictive value.…”

Section: Relevancementioning

confidence: 99%

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Creative Accounting Determinants and Financial Reporting Quality: Systematic Literature Review

Hussin

Abed

Haddad

et al. 2022

Risks

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Creative accounting is considered to be a 21st-century phenomenon that has received increased attention after the worldwide economic crisis and budget deficits, particularly the prevention and detection of accounting manipulation. Creative accounting is a practice that influences financial indicators by using accounting knowledge and rules that do not explicitly violate accounting policies, rules, and laws. The main purpose for implementing creative accounting is to show the financial position desired by the company management; stakeholders are informed of what the management wants them to perceive. Creative accounting can be used to manipulate financial information from its correct and accurate form by exploiting existing rules or, in many cases, ignoring one or more rules. Therefore, the methodology of the present work contributes to the existing literature by systematically reviewing the impacts of creative accounting determinants on financial reporting quality, especially in the banking sector. In this review, we describe and critically analyze previous relevant works to identify and assess the relationship between the constructs addressed in the study. In conclusion, this study offers insight for academia, researchers, and practitioners on determining creative accounting practices and their influences on fraudulent financial reporting between 2015 and 2020. Lastly, the present study contributes to the existing information by conducting new research on creative accounting determinants to enhance the quality of financial reporting and, therefore, help professionals to improve practices within the profession.

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Section: Relevancementioning

confidence: 99%

“…Furthermore, the IASB and FASB are presently contemplating revising the standards that facilitate the better use of fair value accounting to enhance the significance of financial reporting. Fair value is understood as a crucial technique to enhance relevance (Kruglyak and Shvyreva 2018).…”

Section: Relevancementioning

confidence: 99%

Creative Accounting Determinants and Financial Reporting Quality: Systematic Literature Review

Hussin

Abed

Haddad

et al. 2022

Risks

View full text Add to dashboard Cite

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Qualitative Characteristics of Accounting and Reporting Information of Stock Market Participants

Al-Battata,

Gorshkova

2023

Lecture Notes in Networks and Systems

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Particularities of the independent auditor's report on reliability of accounting (financial) statements for 2019: COVID-19 as qualitatively essential information (Part 1)

Швырева

Kruglyak

Petukh

2020

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Subject. This article discusses the issues related to the practice of financial reporting in the face of uncertainties caused by the coronavirus contagion, as well as the specifics of the audit strategy and formation of an audit opinion on this reporting. Objectives. The article aims to identify the quality characteristics of financial reporting prepared in the context of the COVID-19 pandemic and justify the key aspects of assurance engagement completion in an extremely uncertain epidemiological and economic situation. Methods. For the study, we used an abstract-logical method, content analysis techniques, systematization, and classification. Results. Analyzing the impact of the extremely uncertain epidemiological and economic situation on financial statements, the article clarifies aspects of disclosure of events after the reporting date and threats to business continuity in the annual reporting of economic entities. The article identifies possible alternative procedures and algorithms to obtain proper evidence when it is insufficient in the face of the inability to meet certain audit standards requirements in a remote audit environment. The article defines the impact of COVID-19 risk disclosure on the structure of the audit report and opinion. Relevance. The results of the study can be used in the practical activities of economic entities that prepare financial statements in the face of significant uncertainty, as well as auditors and audit organizations.

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Developing the system of qualitative characteristics of financial information

Cited by 5 publications

References 0 publications

Creative Accounting Determinants and Financial Reporting Quality: Systematic Literature Review

Creative Accounting Determinants and Financial Reporting Quality: Systematic Literature Review

Qualitative Characteristics of Accounting and Reporting Information of Stock Market Participants

Particularities of the independent auditor's report on reliability of accounting (financial) statements for 2019: COVID-19 as qualitatively essential information (Part 1)

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