A suggested model for verifying the reporting credibility of financial statements in Iraqi joint stock companies

Abstract

The application of international financial reporting standards was not in the required form, beginning with the application, as the local environment is recent in applying the standards, and therefore there are many wrong applications, and the parties that benefit from the financial data need someone to confirm the validity of these data, and from here the role of checking the integrity of the application of the foundations, procedures and safety started. Applying accounting standards and principles.

    The researcher concluded that there is a direct relationship between verification and reporting credibility in the financial statements, through its factors represented in the information and its characteristics, the authors of information, the method of financial reporting of the information, and the criteria for financial reporting, where the links respectively reached 0.70, 0.81, 0.85, 0.73 and it is noted that all of these The factors have a direct relationship affecting the credibility of the financial statements and the need of the beneficiaries to contribute to enabling them to verify them, and since the calculated values of (T) are greater than their tabular value at the level of significance of 0.01 and thus are considered significant and acceptable, as the determination factor for the mentioned elements (0.49, 0.66, 0.73, 0.53) i N direct impact, although there are other factors influential.