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The Strength Of Auditing And Reporting Standards In Relation To Financial Reporting Quality

Author

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  • Andra Maria ACHIM (NAȘCA)

    (Babes-Bolyai University, Faculty of Economics and Business Administration, Cluj-Napoca)

Abstract

The quality of the accounting information is determined by many factors - internal and external to the firm. In this paper we focus on the strength of auditing and reporting standards (SARS), that is considered one of the influencing factors of financial reporting quality. Recently, more and more countries around the world choose to apply International Financial Reporting Standards (IFRS). Thus, the power of these standards is essential, because only with a comprehensive set of rules, clearly regulated and understood by their users, the effectiveness of these standards can be guaranteed. Our main objective is to analyse the strength of auditing and reporting standards theoretically and to describe its determinants. This paper contributes to the literature regarding the determinants of SARS and is relevant for several categories of users of financial information.

Suggested Citation

  • Andra Maria ACHIM (NAȘCA), 2018. "The Strength Of Auditing And Reporting Standards In Relation To Financial Reporting Quality," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 17, pages 193-197, September.
    • Handle: RePEc:cmj:seapas:y:2018:i:17:p:193-197
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    References listed on IDEAS

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    More about this item

    Keywords

    Financial reporting; Auditing and reporting standards; Accounting quality;
    All these keywords.

    JEL classification:

    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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