The concept of quality of financial accounting information and the relationship with IFRS standards: analysis of the situation of companies listed on BVB

In the accounting profession the quality of information is a very important aspect. The concept of information quality covers three stages: the representation of reality and quality, the formation of meaning and the transmission of information. The purpose of this paper is to analyze the relationship between the quality of financial- accounting information and the relationship between the introduction of IFRS in the modernization of the national and international economy. Based on an extensive literature review, we find that implementing IFRS has yielded favorable results in terms of increasing the transparency and relevance of the value of financial information. The research follows general and specific approaches regarding the increase of the quality of financial – accounting information.

Development through entrepreneurial education and innovative doctoral and postdoctoral research, project code POCU/380/6/13/125031, Project co-financed from the European Social Fund through the Operational Program Human Capital 2014-2020.