Necessity of Assessing the Quality of Financial Reporting

Maryna Pravdyuk () and Tetyana Plakhtiy ()
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Maryna Pravdyuk: Vinnytsia National Agrarian University, Vinnytsia, Ukraine
Tetyana Plakhtiy: Vinnytsia National Agrarian University, Vinnytsia, Ukraine

Oblik i finansi, 2017, issue 3, 52-58

Abstract: The purpose of the article is to justify the necessity of assessing the quality of accounting information on the basis of the use of qualimetric instruments. The role of evaluation of the quality of accounting information in ensuring the competitiveness of accounting as a system of information supply for decision making is substantiated. The reasons and factors of necessity of evaluation of the quality of accounting information are revealed. The emphasis is on the role of corporate scandals in raising the interest in assessing the quality of financial reporting. The reasons for the lack of unity of approaches to the assessment of the quality of financial reporting in the works of domestic and foreign scholars are highlighted. The classification of quality indicators in accounting and the factors influencing them are developed. The directions of evaluation of the quality of financial reporting as an ideal object of non-material nature are described. The essence of qualimetry as a scientific discipline is considered and the possibility of application of the toolkit of applied qualimetry for assessing the quality of financial reporting is substantiated. The classification of the basic methods of qualimetry is carried out and the peculiarities of their application in the assessment of the quality of financial reporting are determined.

Keywords: valuation; accounting; quality of accounting information; quality of financial reporting; qualimetry (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2017
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