A concept of accounting quality from accounting harmonization perspective
Author | Affiliation | |
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LT |
Date |
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2014 |
The aim of this paper is to assess if and how a concept of accounting quality differs from perspectives of various types of companies affected by accounting harmonization process. Analysis of the previous research papers revealed that from IFRS users perspective accounting quality is approximated with quality of financial statements and some means to measure it are existent. However, based on the interviews with experts, concept of accounting quality for small and medium companies is ambiguous and needs to be defined. Financial disclosure is not that important for such companies. Other aspects such as qualification of accountants. supervision of accounting and reporting, etc. have more influence on accounting quality for small and medium companies.