文章基本信息

标题：DECISION USEFULNESS OF FINANCIAL INFORMATION: THE ROLE OF AUDIT AND IFRS
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作者：Zaini Embong ; Seyed Sajad Ebrahimi Rad
期刊名称：JAKI (Jurnal Akuntansi dan Keuangan Indonesia)
印刷版ISSN：1829-8494
电子版ISSN：2406-9701
出版年度：2018
卷号：15
期号：1
页码：59-76
DOI：10.21002/jaki.2018.04
语种：English
出版社：Universitas Indonesia
摘要：We examine the usefulness of financial information given different circumstances,pre and postInternational Financial Reporting Standards (IFRS) adoption and audit quality.The usefulness of information is deduced from the association between information quality and investment efficiency.IFRS is said to promote more informative financial information and hence should increase the decision usefulness of the reported information.In practice,auditors are the center of reference in the preparation of financial report and empirical evidence shows that quality audit enhances the credibility of reported information.This study aims to examine and compare the roles of IFRS and audit quality in the association between financial information quality and investment efficiency.The results from a sample of 558 firms provide support that financial information quality is significantly related to investment efficiency indicating decision usefulness of reported information.However,despite the contention that IFRS leads to a more informative financial report,the results show that IFRS does not strengthen the relationship between information quality and investment efficiency.The result for audit quality,on the other hand,is significant indicating that reported information is more useful to decision-makers when it is audited by the quality audit firm.
关键词：financial information quality;investment efficiency;quality audit;IFRS