Evaluating the Level of Disclosure in Interim Financial Reports in Accordance with IAS (34)-A Comparative Applied Study of a Sample of Banks Registered in The Iraq Stock Exchange and The Amman Stock Exchange

Abstract

This study aims to show a comparison between the level of total disclosure and disclosure at the level of items in the published interim financial reports of Iraqi banks compared to Jordanian banks under the requirements of International Accounting Standard No. (34) and to reach the objectives of the study and test its hypotheses, a sample of Iraqi banks registered in the Iraq Stock Exchange was selected, which numbered (12) banks, as well as a sample of (12) Jordanian banks in the Amman Stock Exchange through the use of an index prepared to evaluate Levels of disclosure under the requirements of the said standard. The study concluded with many results, the most important of which is the low level of total disclosure and disclosure for each item of the index in the interim financial reports prepared by Iraqi banks compared to the disclosure levels for the same reports prepared by Jordanian banks for the reports ending on 30/9/2022. Based on the conclusions reached by the researchers, the study made a set of recommendations, the most important of which is: The need for banks to comply with all requirements for disclosure of interim information that is commensurate with the requirements of International Accounting Standard No. (34) for its importance and to provide appropriate and timely information to rationalize various economic decisions by decision-makers.

Keywords

• Disclosure, Interim Financial Reporting, International Accounting Standard (34).