THE FACTORS ON FINANCIAL REPORTING QUALITY: LITERATURE REVIEW AND RECOMMENDATION
Keywords:
Financial Reporting QualityAbstract
Financial reporting is an important source of information for decision makers. High quality reports provide useful and accurate information, upon which appropriate decision can be made. This is why the regulating agency has put in place a set of International Accounting Standard (IAS) to ensure that users of financial reports can benefit fully from the report. However, there are internal and external factors that affect quality of the report such as managerial accountability, accountant competency, independence and ethic of internal and external auditors as well as audit committee and regulators.
The literature review has shown that the aforementioned factors have impact on reporting quality on certain levels. Future research should put more emphasis on examining characteristic of these factors and how they influence quality of financial reports in Thailand. Such endeavor will provide useful insight to the improve quality of financial reporting.
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