The Adoption of IFRS standards and the quality of financial information
The case of companies listed on the Casablanca stock exchange
DOI:
https://doi.org/10.23882/emss25129Keywords:
IFRS, information quality, relevance, transparency, reliabilityAbstract
The context of financial scandals at the international level (Enron, Worldcom, Parmalat) and the loss of confidence of the public and investors in companies lead to a closer questioning of the quality and reliability of the financial information that companies make available to them. To deal with these dysfunctions, the accounting bodies have come together to think of standards (IAS/IFRS) that would give more transparency to the financial information communicated by companies to the various parties with whom they collaborate. Morocco could not remain outside the profound changes that the world economy has undergone. Currently, a very large project of convergence of the General Code of Accounting Standardization (CGNC) towards the International Accounting Standards IAS/IFRS has been launched in MOROCCO. The objective of this study is to identify and analyze the contributions of the adoption of IAS/IFRS standards for the improvement of the quality of financial information of Moroccan companies listed on the Casablanca Stock Exchange. In order to test this relationship, our study was carried out among 34 listed companies, through a questionnaire intended for a sample of 119 respondents. The results obtained have shown that the adoption of IAS/IFRS has a positive impact on the quality of the financial information necessary for decision-making.
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