Factors influencing true and fair view when preparing financial statements under IFRS: evidence from the Czech Republic
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F20%3A63525260" target="_blank" >RIV/70883521:28120/20:63525260 - isvavai.cz</a>
Výsledek na webu
<a href="http://economic-research.pl/Journals/index.php/eq/article/view/1812" target="_blank" >http://economic-research.pl/Journals/index.php/eq/article/view/1812</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.24136/eq.2020.026" target="_blank" >10.24136/eq.2020.026</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Factors influencing true and fair view when preparing financial statements under IFRS: evidence from the Czech Republic
Popis výsledku v původním jazyce
Accounting records provide a wide range of data necessary for decisions of the management as well as for users of a company’s financial statements. IFRS represents one of the widely accepted accounting principles, often mentioned in relation to the preparation of high-quality financial statements. The aim of this paper is to identify the factors contributing to the occurrence of misstatements when preparing financial statements under IFRS. The subsequent goal is to identify the possible influences of such misstatements on the users of the financial statements. The research itself focuses on perceived problems in IFRS application in the Czech Republic. The total tested population is 193 Czech companies preparing their financial statements under IFRS. Descriptive statistics, the chi-square test of independence along with proportional tests, are used for the statistical data analysis. The results indicate that, while misstatements in accounting do not occur regularly, a statistical dependence can be shown be-tween the frequency of misstatements occurrence and the average size of misstatements. The frequency of the subsequently identified misstatements is also proven to be statistically dependent on the average size of misstatements. The IFRS themselves are not proven to influence misstatement occurrences in financial statements, which is in contrast with previous studies. Managerial pressures, similarly to other studies, are proven by the research to be affecting the quality of accounting information.
Název v anglickém jazyce
Factors influencing true and fair view when preparing financial statements under IFRS: evidence from the Czech Republic
Popis výsledku anglicky
Accounting records provide a wide range of data necessary for decisions of the management as well as for users of a company’s financial statements. IFRS represents one of the widely accepted accounting principles, often mentioned in relation to the preparation of high-quality financial statements. The aim of this paper is to identify the factors contributing to the occurrence of misstatements when preparing financial statements under IFRS. The subsequent goal is to identify the possible influences of such misstatements on the users of the financial statements. The research itself focuses on perceived problems in IFRS application in the Czech Republic. The total tested population is 193 Czech companies preparing their financial statements under IFRS. Descriptive statistics, the chi-square test of independence along with proportional tests, are used for the statistical data analysis. The results indicate that, while misstatements in accounting do not occur regularly, a statistical dependence can be shown be-tween the frequency of misstatements occurrence and the average size of misstatements. The frequency of the subsequently identified misstatements is also proven to be statistically dependent on the average size of misstatements. The IFRS themselves are not proven to influence misstatement occurrences in financial statements, which is in contrast with previous studies. Managerial pressures, similarly to other studies, are proven by the research to be affecting the quality of accounting information.
Klasifikace
Druh
J<sub>ost</sub> - Ostatní články v recenzovaných periodicích
CEP obor
—
OECD FORD obor
50205 - Accounting
Návaznosti výsledku
Projekt
—
Návaznosti
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Ostatní
Rok uplatnění
2020
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Equilibrium. Quarterly Journal of Economics and Economic Policy
ISSN
1689-765X
e-ISSN
—
Svazek periodika
15
Číslo periodika v rámci svazku
3
Stát vydavatele periodika
LT - Litevská republika
Počet stran výsledku
17
Strana od-do
"595–611"
Kód UT WoS článku
000589231500009
EID výsledku v databázi Scopus
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