التكامل بين الإطار المفاهيمي للمحاسبة والتدقيق وتأثيره في الإبلاغ المالي2-التكامل بين الإطار المفاهيمي للمحاسبة وا2-التكامل بين الإطار المفاهيمي للمحاسبة والتدقيق وتأثيره في الإبلاغ الماليلتدقيق وتأثيره في الإبلاغ المالي

Rp- Integration between Framework of Accounting and Auditng and its impact on Financial Reporting.pdf

Abstract

The study aims to demonstrate the impact of integration and interrelation between the conceptual framework of financial accounting and auditing in the financial reporting process by providing its contribution to providing financial information characterized by accuracy, transparency, and usefulness that contributes to helping users make their economic decisions in a better way.
A questionnaire was prepared with three axes, each representing One of them is one of the research variables, and it was distributed to a community composed of academics and professionals in the field of accounting and auditing. To achieve the objectives of the study, a set of hypotheses were formulated that are related to identifying the extent to which the transparency, usefulness and accuracy of financial reporting are affected by the nature of the complementary relationship between the conceptual framework of financial accounting and auditing. .
The study hypotheses were tested by conducting statistical analyzes of the data used. The correlation and integration between the components of the conceptual framework of international financial reporting and the concepts of auditing and its impact on financial reporting was measured by using path analysis and estimating regression models such as autocorrelation, multiple correlation, and variance of variance.
The study concluded that The conceptual framework contributes, by defining its elements, to reducing information asymmetry and emphasizing achieving objectivity and appropriateness in accounting measurement by adopting the foundations of mixed measurement and adopting both historical cost and current value measures. The integration of accounting concepts and auditing concepts contributes to enhancing accounting disclosure. Proper and fair information about the extent of the economic unit’s ability to continue in the future, in addition to adequate disclosure of subsequent events that reduces the state of information asymmetry and uncertainty.
The study reachs to set of recommendations, including the importance of working to achieve convergence and compatibility between local accounting and auditing standards and concepts with their counterparts at the international level, in a way that enhances the confidence of users of reports and financial statements and opens the door to attracting foreign investments, and paying attention to reporting mechanisms by economic units to disclose their annual performance. In a way that provides information to stakeholders and interested parties, a comprehensive picture of financial performance and non-financial performance related to sustainability by benefiting from global experiences, research, and studies presented in this field. Interest in improving disclosure and developing it in a way that meets the requirements of the contents of the conceptual framework for international financial reporting and international auditing standards, as well as the need for effective coordination between financial markets and professional bodies in the field of accounting and auditing for the purpose of keeping pace with the developments and updates that occur in accounting standards and auditing standards at the international level and discussing their application. Suitable for the local environment.