The Role of Corporate Governance in Achieving Accounting Information Quality (Field Study in the Mishraq Sulfur State Co.)

Abstract

<p><em>Under the new worldwide changes that were produced by the economic data and technological revolution, corporate governance considered as one of the modern terms. Its importance increased in the business sector because it plays a role in managing any company, and protecting the shareholders’ rights. There are several thoughts on the importance of corporate governance. Some thought that corporate governance is important in the public sector because it influence the economy. Others thought corporate governance is very important in the privet sector. The importance of the term, corporate governance, increased in all institutions and in all advanced and emerging economies in the last few decades especially after the economic and financial crisis that many countries underwent. These crisis affected the global financial market; such as, the crisis in Southeast Asia in 1997. Moreover, many major international companies especially the American companies collapsed in Fall 2008 because they used complex accounting methods in order to hide their loses and manipulate the rights of people; such as, shareholders, lenders, suppliers, and even the civil society. Hence, the governance became one of the important topics that are applied in both privet and public companies. The reason many shareholders lost their trust in the financial market is that companies’ managers and auditors concealed the financial and accounting statements that are applied in all kind of companies. Mistrust was created in the financial reports, and it increased anytime one of the huge companies stumbled. Therefore, this study shows the overlapping and reciprocal relationship between corporate governance and the accounting information quality. Apparently, the accounting information is affected by the rules and mechanisms of governance, and applying it means increasing the trustworthy of the accounting information that are included in financial statements that were prepared for all interested parts.</em></p>

The Mediating Role of Corporate Governance on the Relationship between Accounting Information System and Risk Management: The Case of the Jordanian Industrial Shareholding Companies

“…Survey approach is adopted in this study where a survey is a system that gathers information from or about people in order to provide a description, comparison or explanation of their knowledge, attitudes and behavior (Alsalim et al, 2018). In this type of study, researchers provide an insight into the phenomenon and explains the relationship between the variables, test the hypotheses, and generates assumptions, after which problem is resolved meaningfully with implications.…”

“…Literature is rife with studies that were conducted to examine the relationship between AIS and corporate governance. To begin with, (Kothari, 2019) contended that standards of accounting are relevant in using accounting information in corporate governance, while (Alsalim et al, 2018) revealed that accounting information is susceptible to the effects of governance rules and mechanisms and its application increases the trust on the accounting information like the ones included in the financial statements that are meant for interested parties.…”

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

“…In order to achieve this, it must be free from distortion and misleading. Also, it must be prepared in light of a set of legal, directorial, professional, and technical standards in order to achieve the purpose of its use Alsalim et al (2018). Similarly, Information refers to data that has been properly processed to give full meaning to a user, enabling them to be used in ongoing and future decision-making processes M. Mohammed (2014).…”

“…Kukah et al (2016) They mentioned the accounting information quality refers to the extent to which accounting information accurately re lects the current operating performance of a company and the usefulness of the current igures in predicting the future performance of the irm. As well, Alsalim et al (2018) said the quality of accounting information indicates those characteristics that should assign the useful accounting information that is useful for the preparation of inancial reports, because of its role in evaluating the quality of information that results from the application of accounting methods. The quality of accounting information refers to the attributes which accounting information should own for satisfying their users' needs.…”

The Moderating Effect for Forensic Accounting on the Relationship between corporate Governance and Quality of Accounting Information in The Jordanian Public Shareholding Companies

“…The results of the study showed that there is a role of forensic accounting in activating the principles of governance by focusing on achieving company's goals and ensuring the safety of operational performance that arising from firm's efficiency. Alsalim, Amin & Youssef (2018), investigated the role that corporate governance plays in achieving the quality of accounting information. The study concluded that that there is an impact of governance on the dimensions of transparency and disclosure as components of accounting information.…”