Qualitative Characteristics as a Reliable Tool for Assessing the Quality of Accounting Information: An Overview Study

Alasbahi, Aiman Hamood Mohammed Ali; Ishwara, P

doi:10.29121/granthaalayah.v9.i5.2021.3938

Cited by 4 publications

(4 citation statements)

References 15 publications

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“…Syrtseva and Cheban believed that accounting compliance system was a theory to ensure the development and operation of enterprise accounting information quality, then the methodological basis of the research was general science and special cognitive methods [4]. Alasbahi and Ishwara believed that if the accounting information contained in the financial report has a set of characteristics, then the financial report would be considered to be of quality [5]. However, it is more important to pay attention to the transformation of accounting informatization, which is not considered in the above research.…”

Section: Related Workmentioning

confidence: 99%

Models in the Construction of Accounting Informatization Transformation Based on Digital Twin

Liu

2022

Security and Communication Networks

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The construction of accounting informatization is an effective tool for enterprises to transform from focusing on financial accounting to focusing on group management and decision support. Digital twins make full use of physical models, sensor updates and other data, integrate interdisciplinary and multi-scale modeling processes, and perform complete mapping in virtual space, which can reflect the process of the entire life cycle of the corresponding physical equipment. Based on the technology of digital twin, this paper solved the related problems in the transformation and construction of accounting informatization, and proposed a clustering analysis algorithm. Company A was taken as the experimental object, companies B and C were taken as the experimental control group, combined with data analysis, among the accountants of company A, 179 people have a supportive attitude towards the transformation of accounting information, 16 people have a neutral attitude, and 5 people have an opposing attitude, accounting for 89.5%, 8% and 2.5% respectively. However, among companies B and C, 196 and 199 people hold a favorable attitude, accounting for 98% and 99.5% respectively. The experimental results showed that the acceptance of the accounting informatization transformation is still relatively high among the employees of the enterprise.

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Section: Related Workmentioning

confidence: 99%

Models in the Construction of Accounting Informatization Transformation Based on Digital Twin

Liu

2022

Security and Communication Networks

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“…According to the findings, the key goal of the corporate governance is to reestablish confidence in and control over accounting information by accountability and control. Improving the information quality by the establishment and enforcement of accounting and auditing standards Alasbahi (2020) showed that implementing corporate governance gives rise to greater accountability and administrative control, supports the application of international standards, enhances disclosure, and transparency, and strengthens the audit committee's tasks, internal audits, and external audits. All positively affects the accounting information quality.…”

Section: Literature Reviewmentioning

confidence: 99%

Corporate Governance Stability And its Impact on the Quality of Accounting Information of Companies Listed on the Iraq Stock Exchange

Mahmoodi,

Zalaghi,

Aflatooni

2023

J. Professional Business Review

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Purpose: This research attempts to examine the influence of corporate governance stability on the accounting information quality. Theoretical framework: Stability in different mechanisms of corporate governance can help companies develop coherent plans and strategies and achieve their goals. Multitudinous changes in factors such as ownership and management and monitoring institutions such as independent auditors and members of audit committee can make changes in the company's goals thus affecting the financial reporting quality as a means of accountability of corporate governance elements. Methodology: The stability of corporate governance was measured using four criteria, namely managerial stability, ownership stability, independent audit tenure stability, and audit committee tenure stability. The statistical population includes the companies admitted to the Iraq Stock Exchange, and the research sample has been selected by the application of the conditions of the study variables to 55 companies in 2011 and 2020. In order to analyze the data and test the hypotheses, the statistical technique of multiple regression with panel data has been used. Finding: This work shows that the first hypothesis is rejected and that the managerial stability is negatively correlated with the accounting information quality. Moreover, according to the results, the second hypothesis of the research is also rejected and ownership stability is negatively correlated with the quality of accounting information. The third hypothesis outcomes also indicate the rejection of the research hypothesis and the independent auditor tenure stability and the accounting information quality have a similar relationship. Accordingly, the audit committee tenure stability is not significantly correlated with the accounting information quality. Research, Practical & Social implications: The results of testing the hypotheses showed that the greater the stability in the governance and monitoring elements of companies, the lower the quality of accounting information. Originality/value: Prior studies have focused on one or more corporate governance criteria and measured their impact on the accounting information quality. It should be noted that none of the conducted studies have provided a model to identify the impact of corporate governance on the accounting information quality.

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“…They improve users' ability to examine and analyze financial statements by making information more comparable (Madawaki, 2012). According to Alasbahi and Ishwara (2021), the essential purposes of the International Accounting Standards Board (IASB) stand is to increase and enhance the levels of confidence in financial reporting, for instance, the adoption of IFRS. It is important due to the International Financial Reporting Formula, as it makes businesses and organizations of various activities to be more aware and closer to the international financial market.…”

Section: Introductionmentioning

confidence: 99%

Adoption of International Financial Reporting Standards (IFRS) to Enhance Financial Reporting in Oman

Al Mazroui,

Al Sulaimi,

Ahmed

2023

JGI

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International Financial Reporting Standards (IFRS) are rapidly adopted globally to enhance financial reporting quality. All firms in Oman are required to follow IFRS. In addition, the Accounting Standards Board adopted IFRS in their entirety. The project objective is to test the relationship between the adoption of IFRS and financial reporting in Oman. This research used a quantitative method. The population of this study were 112 companies at Muscat Stock Exchange (MSX) for the year ended 2020 in Oman. The sample size of this project was 92 from three sectors of listed companies (Financial Sector 30, Industrial Sector 32, and Service Sector 30). The project results show a significant positive relationship between the adoption of IFRS and financial reporting in Oman. Firms that were Adopt-IFRS-Effective had high financial reporting quality, while firms that were Adopt-IFRS-Not-Effective did not affect their quality. This is because financial reporting is not solely dependent on these standards but has an impact. The implications of this research result in better-informed judgments for investors as the information included in the annual reports improves comparisons that facilitate the further flow of investments. Furthermore, provides significant insight into the International Accounting Standards Board (IASB). Also, this study has been added to the literature by examining the Adoption of IFRS on financial reporting in Oman context. Besides, this might add benefits to many firms relating to their current accounting standards practice that might lead to adopting IFRS to ensure the application of applicable accounting standards to show fair financial statements to its stakeholders. This current research is one of the first works in the context of Sultanate of Oman. It has added a new discussion to the body of knowledge considering the IFRS and their link with financial reporting quality. Furthermore, conducting such research in the accounting field provides new insight into the IFRS literature among both developed and emerging economies including Oman.

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Qualitative Characteristics as a Reliable Tool for Assessing the Quality of Accounting Information: An Overview Study

Cited by 4 publications

References 15 publications

Models in the Construction of Accounting Informatization Transformation Based on Digital Twin

Models in the Construction of Accounting Informatization Transformation Based on Digital Twin

Corporate Governance Stability And its Impact on the Quality of Accounting Information of Companies Listed on the Iraq Stock Exchange

Adoption of International Financial Reporting Standards (IFRS) to Enhance Financial Reporting in Oman

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