The Impact of Adopting International Accounting Standards on Accounting Information Qualityin The Egyptian Business Environment

Author

Saleh Ali Abdul Jawad Al-Abd

Abstract

Access to information, ease, freedom of circulation and credibility have become important issues in the current era, which supported the concept of accounting disclosure and was considered an essential requirement in the field of finance and business, in order to achieve more transparency and credibility in the information that must be obtained and made available to all parties benefiting from it, as it can be said that one of the important reasons for the collapse of many economic units is the failure to apply accounting principles and lack of disclosure and transparency and failure to show real data and information that express the financial conditions of these economic units, and this was reflected in a set of negative effects, the most important of which is the loss of confidence in accounting information, and thus the loss of this information of its most important elements, which is its quality. Therefore, this study sheds light on the impact of international accounting standards on the quality of accounting information in institutions, especially disclosure standards, given the role they play in adding transparency, credibility and accuracy to the quality of accounting information, and making it available to all parties benefiting from it in all institutions that wish to obtain it in order to make their investment decisions.
Keywords: International Accounting Standards, Accounting Disclosure, Quality of Accounting Information

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