Standards on the Quality of Financial Reporting in the Public Sector: A Case Study of the Ministry of Economy and Finance

Document Type : Research Paper

Authors

1 Department of Accounting, Faculty of Social Sciences and Economics, Alzahra University, Tehran, Iran.

2 MSC In Accounting, Faculty of Social Sciences and Economics, Alzahra University, Tehran, Iran.

Abstract

The purpose of this study is to investigate the effect of effective internal auditing and implementation of public sector accounting standards on the quality of financial reporting in the public sector with a case study of the Ministry of Economy and Finance. The statistical population in this study includes all experts of the Ministry of Economy and Finance, who were selected using with the available sampling method. A researcher-made questionnaire was used to collect information. T-test and SMART PLS software were used to analyze the data. The results show that the performance of internal auditing has a significant positive effect on the quality of financial reporting in the public sector; According to experts, the component of internal audit policies and procedures and resource management has the greatest impact on the quality of financial reporting in internal audit. In addition, the results showed that the implementation of accrual public sector accounting standards has a significant effect on the quality of financial reporting. Accordingly, it is suggested that the establishment of internal auditing units in public sector organizations be put on the agenda

Keywords

References

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History

  • Receive Date: 05 December 2021
  • Revise Date: 19 December 2021
  • Accept Date: 20 December 2021

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