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Q/AQuality Accounting
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However, when the IASB describes high quality accounting standards and high quality accounting information in its publications, it never provides a concise definition of this concept.
However, does compliance with high quality accounting standards automatically lead to high quality reporting information?
accounting standards) to create a global environment with high quality accounting information available to investors, creditors, and other stakeholders for economic decision-making, however the other building blocks required (i.
The IASB no longer claims to pursue developing a single set of high quality accounting standards that leads to high quality information.
For this to happen, the government needs to take steps aimed at improving accounting institutions so as to bring the domestic accounting system in line with global standards and make high quality accounting services available.
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