Impact of IAS IFRS on Reducing Information Risk and Enhancing Financial Performance in Iraq

Authors

  • Mohammed Shakour Ahmed University of Information Technology and Communications, Baghdad, Iraq
  • Omar Hadi Ali University of Information Technology and Communications, Baghdad, Iraq
  • Ibrahim Naeem Hasan University of Information Technology and Communications, Baghdad, Iraq

DOI:

https://doi.org/10.51699/ijbea.v3i3.3561

Keywords:

Accounting Performance Efficiency, Information, Information Risk

Abstract

This study investigates the recent implementation of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) in Iraq, highlighting its impact on enhancing information quality, reducing risk, and improving financial performance efficiency. The interconnected system of these standards ensures operational efficacy and provides accurate, relevant information for informed decision-making. Despite these benefits, information quality poses a risk unless specific attributes are met, affecting financial performance and information accuracy. The study identifies a positive relationship between lower information risk and higher accounting performance, supported by a significant T-test result (computed value: 12.062, tabulated value: 2.82). This research aims to evaluate the effects of IAS/IFRS adoption on information risk and accounting performance, using hypothesis testing to validate findings. The results underscore the importance of rigorous standards in mitigating information risk and enhancing financial outcomes.

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Published

2024-06-09

How to Cite

Ahmed, M. S., Ali, O. H., & Hasan, I. N. (2024). Impact of IAS IFRS on Reducing Information Risk and Enhancing Financial Performance in Iraq. International Journal of Biological Engineering and Agriculture, 3(3), 212–218. https://doi.org/10.51699/ijbea.v3i3.3561

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Articles