Transparency of Financial Reporting According to the S&P500 Indices and its Implications for Accounting Information Risks - Evidence from the Iraq Stock Exchange

Asaad Wahhab, Mohammed Abd Ali M.A. Al Fattehallah and Mohammed Hwueish Allawi Alsujair
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Asaad Wahhab: Faculty of Administration and Economics- University of Karbala
Mohammed Abd Ali M.A. Al Fattehallah: College of Administration and Economics, University of Kerbala, Iraq
Mohammed Hwueish Allawi Alsujair: College of Administration and Economics, Aliraqia University, Iraq

Technium Business and Management, 2022, vol. 2, issue 3, 140-158

Abstract: The current research aims to test and analyze the relationship between the level of transparency of financial reporting and the risks of accounting information for a sample of private commercial banks in the Iraq Stock Exchange. The transparency of financial reporting was assessed using the S&P500 indices, and the level of accounting information risk was evaluated using the S&P500 indices, representing fragmented and reduced risks. Unanswered information within the S&P500 indices' requirements consists of 98 conditions. To achieve the research objectives and test its hypotheses, the applied approach was used to evaluate the research variables in a sample of commercial banks listed on the Iraq Stock Exchange, which amounted to (10) selected banks for the period (2016-2021). In comparison, the inferential statistical method was used to test and analyze the research hypotheses using Excel and SPSS26 programs. The research reached a set of conclusions, the most important of which was the low level of transparency in private commercial banks, especially in the two main categories of (S&P500) indicators: ownership structure and shareholder rights, and the board of directors and management procedures, as both had the largest share of risks, which indicates a high risk of accounting information. The research concluded with several recommendations, the most important of which was working to oblige banks to expand disclosure and work with the mechanisms of S & P500 indicators and apply them annually to follow up on the level of transparency development in them to reduce the risks of accounting information.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:tec:busine:ojs:8067

DOI: 10.47577/business.v2i3.8067

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