Introduction
This objective of this project is to research the quality of accounting information as well as the factors facilitating and inhibiting it. In the absence of encompassing accounting theory (Belkaoui, 2005, p. 193), the quality of accounting information may be understood in different ways, therefore this report will be guided by IFRS Conceptual Framework which states that the main qualitative characteristics of financial reporting are relevance and faithful representation (IFRS Foundation, 2011, p. A25). Relevance of the accounting information is generally construed as its usefulness for decision makers that have an interest in the reporting entity. However, things of ...
