The Relationship of Fair Value Accounting to the Quality of Accounting Information in Companies Financial Reports: View of the External Auditors in Palestine

Journal of Economics, Finance and Accounting Studies

View Publication Info
 
 
Field Value
 
Title The Relationship of Fair Value Accounting to the Quality of Accounting Information in Companies Financial Reports: View of the External Auditors in Palestine
 
Creator AL Madhoun, Dr. Khaled
 
Subject Fair value accounting (FVA), financial reports, quality of accounting information
 
Description This study evaluated the relationship of the application of fair value accounting (FVA) on the quality of accounting information reported in Companies financial statements from the viewpoint of auditors in Palestine as one of the important financial statement stakeholder-groups. Data collected through the administration of a structured questionnaire on 32 auditors who are members of the Auditors Association in Palestine were analyzed using analytical descriptive statistics and a single sample t-test. The results revealed that the application of FVA significantly enhances the qualitative characteristics of accounting information. It further revealed that the relationship on the relevance characteristic is the most-pronounced. Moreover, the application of FVA is perceived to bolster the fundamental qualities of accounting information. The study concluded that the application of FVA has a significant relationship and role in the quality of accounting information. The study recommended to adopt academic and professional accounting programs related to fair value accounting, and to urge the preparation of financial reports and audits to enhance their publication, Holding programs for continuous development, training courses, seminars, and workshops for professional accounting societies to Greater coverage of fair value accounting.
 
Publisher Al-Kindi Center for Research and Development
 
Date 2021-03-04
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://al-kindipublisher.com/index.php/jefas/article/view/1387
 
Source Journal of Economics, Finance and Accounting Studies ; Vol. 3 No. 1 (2021): Journal of Economics, Finance and Accounting Studies; 39-57
2709-0809
 
Language eng
 
Relation https://al-kindipublisher.com/index.php/jefas/article/view/1387/1146
 
Rights https://creativecommons.org/licenses/by/4.0/
 

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