THE IMPACT OF THE APPLICATION OF INTERNATIONAL ACCOUNTING STANDARD (34) ON ENHANCING THE QUALITY OF ACCOUNTING INFORMATION

Abstract

The current research aims to show the impact of the International Accounting Standard (34) on the quality of accounting information. The goal of the research problem lies in the poor quality of accounting information provided by the bank, as the importance of this information is positively reflected in the reality of the bank in the market. To answer the questions, the researcher prepared a questionnaire of two dimensions to achieve the goal above. The first group of questions was formed on the importance of applying Standard 34 by the research sample, and the second group of questions focused on the importance of the availability of accounting information characteristics to enhance its quality in a way that achieves the desires of customers and the bank in these financial statements. This was done by distributing this questionnaire to several workers in the field of specialization in a sample of commercial banks listed in the Iraq Stock Exchange as (220) forms were distributed (210) of them were retrieved, (200) valid forms were analyzed for analysis, and (10) were excluded as they were not valid for statistical analysis. The statistical package program (SPSS V.27) was used to prove the validity of the research hypotheses. The research results indicated the positive impact of International Standard No. (34) in enhancing the quality of accounting information.