Critical review of quality of financial reporting researches and information-uncertainty based theory of quality

Subject Areas : Management Accounting

حسین اعتمادی ¹ , علی رحمانی ² , عادل آذر ³ , رضا حصارزاده ⁴

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Received: 2012-10-11 Accepted : 2013-01-11 Published : 2013-03-09

Keywords: quality of financial reporting, theory, Critique, Uncertainty,

Abstract :

AbstractDespite the substantial advancement in the quality of financial reporting (QFR)researches, the present survey puts forward some basic problems that cause somevagueness in QFR researches. Our evidences indicate the problems are rooted in thelake of a common appropriate definition and not sufficient concentration on theconcepts of QFR and latent construct of the conventional QFR measures. Moreover,even the two theories of QFR, we think are significant and relatively inclusive, arefaced with some limitations, ambiguities and criticisms. This paper, Refining theproblematic presumptions underlied the QFR researches and shifting from the specificdecision oriented to the information nature oriented approach, designs theinformation-uncrtainty based theory of QFR and introduces a new definition of QFR.In addition, the theory makes clear why former researches reach no single andconsensus conclusion on what QFR is.