Project Question
UAE as well as 115 countries in the world have adopted International Financial Reporting Standards (IFRS) for the financial reporting purposes. Financial reporting should provide reliable, relevant and useful information to the users for their economical decision making. Thus, quality of financial reporting will end up with the consequences of users' decision making. If the financial information helps users to make correct evaluation of their investment choices; then the financial report has the highest quality and vice versa. Now, the question is:
Has the adoption of IFRS improved the quality of financial reporting in UAE or other GCC countries? Bring true evidences.