The Impact of Applying the International Financial Reporting Standard (IFRS 6) on the Quality of Financial Reports: A Field Study on a Sample of an Oil Exploration Company
DOI:
https://doi.org/10.31272/jae.i145.1292Keywords:
International Financial Reporting Standard 6 IFRS, quality of financial reports, Oil exploration companiesAbstract
In light of the development taking place in accounting applications through countries introducing a set of allowances from the agreed upon international ones and then (IFRS 6) for investigating everything related to minerals, this came as a result of the global need, which will seek to address the need to prepare financial reports in different formats through The popularity of the efforts made among countries and facilitating the movement of capital. The units implemented multiple efforts to enhance that quality to serve their interests and interests together and to understand the role of the system in the oil industry and its impact in improving the quality of support by fulfilling standard requirements (IFRS 6) by the economic units, because of their influential role. In decision-making clearly between different sectors, this research aims to shed light on the importance of standard standards (IFRS 6) and its impact on estimating financial quality. A sample of the oil exploration company was chosen to achieve the research objective. The research hypothesis was tested through the analysis of the questionnaire. The research reached several results, the most important of which is a statistically significant relationship between the International Financial Reporting Standard 6IFRS and the quality of financial reports
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Copyright (c) 2024 Babakir Ahmed Ibrahim Al-Siddiq, Zuhair Ahmed Al-Tijari, Israa Talib Ali
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