Please use this identifier to cite or link to this item: https://dspace.kmf.uz.ua/jspui/handle/123456789/5149
Title: The Role of International Accounting Standards in Fostering Corporate Reporting Transparency
Other Titles: Роль міжнародних стандартів обліку в зміцненні прозорості звітності компаній
Authors: Poyda-Nosyk Nina
Pojda-Noszik Nina
Пойда-Носик Ніна
Robert Bacho
Bacsó Róbert
Бачо Роберт
Vyktorya Makarovych
Makarovics Viktória
Макарович Вікторія
Gabriella Loskorikh
Loszkorih Gabriella
Лоскоріх Габріелла
Veronika Hanusych
Hanuszics Veronika
Ганусич Вероніка
Natalia Stoika
Sztojka Natália
Стойка Наталія
Keywords: IAS;IFRS adoption;corporate reporting transparency;financial reporting quality;stakeholder perceptions
Issue Date: 30-Apr-2024
Publisher: ТОВ Фінтехальянс
Type: dc.type.article
Citation: Poyda-Nosyk Nina, Bacho Robert, Makarovych Viktoria, Loskorikh Gabriella, Hanusych Veronika, Stoika Natalia: The Role of International Accounting Standards in Fostering Corporate Reporting Transparency. In Фінансово-кредитна діяльність: проблеми теорії та практики. 2024. Том 2(55). с. 90-106.
Series/Report no.: ;Том 2(55)
Abstract: Abstract. This research investigates the multifaceted impact of International Accounting Standards (IAS) on corporate reporting transparency. Amidst the interconnected global business landscape, the study aims to discern global adoption trends, financial reporting quality, stakeholder perceptions, implementation challenges, and the responsiveness of IAS to industry dynamics. Through meticulous analyses spanning the years 2010 to 2020, the research unfolds key insights. The adoption of IAS is a critical facet of global financial reporting, influencing business practices, investor decisions, and regulatory frameworks. Understanding its impact is paramount for policymakers, standard-setters, and businesses navigating an increasingly interconnected and diverse financial ecosystem. This research seeks to comprehensively examine the intricate relationship between IAS and corporate reporting transparency. By delving into adoption trends, financial metrics, stakeholder perspectives, implementation challenges, and update responsiveness, the study aims to provide a holistic view of the global accounting landscape. The analysis reveals a consistent upward trajectory in global IAS adoption, with North America and the Asia-Pacific region playing pivotal roles. Financial reporting quality experiences substantial improvements, particularly benefiting smaller enterprises. Stakeholder perceptions vary across regions and professional roles, emphasizing the need for tailored communication strategies. Implementation challenges, including legal framework complexities and cultural differences, underscore the intricate nature of global adoption. The frequency of IAS updates showcases the adaptability of standards to emerging trends, emphasizing sector-specific implications. This research concludes that IAS significantly influences corporate reporting transparency, offering a standardized framework for diverse business scales. Challenges in implementation necessitate targeted interventions, with recommendations focusing on stakeholder communication, tailored support for small enterprises, and addressing legal and cultural complexities. The adaptability of IAS to industry dynamics reaffirms its role as a responsive and evolving standard. As businesses, regulators, and standard-setters move forward, continuous collaboration and flexibility become imperative for navigating the complexities of a globally harmonized financial reporting landscape.
Description: Редакційна колегія: https://fkd.net.ua/index.php/fkd/Editorial_Board
Зміст: https://fkd.net.ua/index.php/fkd/issue/view/71
URI: https://dspace.kmf.uz.ua/jspui/handle/123456789/5149
ISSN: 2306-4994 (Print)
2310-8770 (Online)
metadata.dc.rights.uri: http://creativecommons.org/licenses/by-nc-nd/3.0/us/
Appears in Collections:Bacsó Róbert
Hanuszics Veronika
Loszkorih Gabriella
Makarovics Viktória
Pojda-Noszik Nina
Sztojka Natália

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