The impact of business risk audit on the quality of IFRS application
This study aims to explore the impact of a business risk-based audit approach in quality application of International Financial Reporting Standards in Kurdistan International Islamic Bank for Investment and Development in Erbil, for the period (2005-2020). The quantitative approach was adopted where...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
HRMARS
2023
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/108819/7/108819_The%20impact%20of%20business%20risk%20audit%20on%20the%20quality%20of%20IFRS%20application.crdownload http://irep.iium.edu.my/108819/ https://hrmars.com/index.php/IJARBSS/article/view/19806/The-Impact-Of-Business-Risk-Audit-on-the-Quality-of-IFRS-Application http://dx.doi.org/10.6007/IJARBSS/v13-i11/19806 |
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| Summary: | This study aims to explore the impact of a business risk-based audit approach in quality application of International Financial Reporting Standards in Kurdistan International Islamic Bank for Investment and Development in Erbil, for the period (2005-2020). The quantitative approach was adopted where the financial statements were analysed using multiple regression models to test the relationship between operating risk, liquidity risk, credit risk, capital risk and financial reporting quality standards. The results show that there is a significant relationship between business risk and the quality of financial reports, which demonstrates the importance of effective audit in enhancing the accounting disclosure. While the liquidity risk relationship was marginal significance. |
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