Impact of Preparers of Accounting Information on Quality of Financial Reporting in Malaysia(*)

Yıl 2014, Sayı: 7 - Sayı: 7, 61 - 75, 01.07.2014

Kabiru İsa Dandago Akpan Edem Bashir Mande Tsafe

Öz

The primary objective of accounting is to provide information that is useful for decision making purposes. Accounting information that makes information provided useful to users in making economic decisions must possess the following qualities: relevance, reliability, comparability, understandability, neutrality, timeliness and materiality. This paper investigates the factors influencing preparers’ decision to prepare accounting information following the financial reporting rules and regulations to ensure high quality of financial reporting in Malaysia. Data were collected from relevant respondents in Malaysia through questionnaires aimed at preparers prepare financial statements to attract investors and that such statementsprepared follow the requirements of the standards issued by the Malaysian Accounting Standards Board (MASB), and that the regulatory standards are highly transparent. Malaysian Institute of Accountants (MIA) certifies both the accountants who are the preparers of the statements and the auditors who certify the statements. This has(*) Bu bildiri, 19-22 Haziran 2013 tarihlerinde İstanbul’da organize edilen III.Balkanlar ve Ortadoğu Ülkeleri Muhasebe ve Muhasebe Tarihi Konferansı’nda sunulmuştur.brought about improvement in information quality and standard of financial statements by reporting entities. It is, therefore, recommended that public recognition should be given to companies with high quality financial report, which is greatly influenced by the quality of the preparers of the report.

Anahtar Kelimeler

Accounting Information, Accounting Practices, Economic Decisions, Information Quality, MASB

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