A study at the University of Karbala discusses the use of the Financial Reporting Standard (IFRS)13 to enhance the quality of financial statements

A master’s thesis at the College of Administration and Economics at the University of Karbala discussed the use of the Financial Reporting Standard (IFRS)13 to enhance the quality of financial data and its reflection in investors’ decisions.
The study presented by the student, Ali Hamed Al-Jubouri, came with the aim of explaining the role of applying and using the Financial Reporting Standard (IFRS) 13 to enhance the quality of financial statements by providing accounting information that is fair in portraying the financial statements and determining the impact of financial reports based on the Financial Reporting Standard (IFRS 13) on the accuracy of financial information provided to investors.
The thesis titled (Using the Financial Reporting Standard (IFRS) 13 to enhance the quality of financial data and its reflection in investors’ decisions) included the adoption of the role of applying and using the Financial Reporting Standard (IFRS) 13 to enhance the quality of financial statements.
The study concluded the need to increase attention and development of the culture of fair value accounting and its support by the relevant institutions and authorities and work to consolidate it and highlight its positives and advantages.
It recommended the use of Financial Reporting Standard 13 (IFRS) positively on the quality of financial statements because of its impact in the present and the future, especially in light of the increasing rates of inflation, price changes and rapid technological developments.