القياس و الإفصاح المحاسبي عن عمليات التوريق : وفقا للمعيار المحاسبي الدولي رقم 39 و المعيار المحاسبي الأمريكي رقم 140

الملخص EN

This research aims to study the international accounting standard no.

(39) and the American accounting standard no.

(140) to explain the operation of .securitization and study its accounting problems .

These problems can be divided into : Problems concerned with measurement and problems concerned with disclosure .

For the first type of problems the researcher prefers the on-balance sheet approach because it increases the disclosure and compatible with both the international accounting standard no, (39) and the American accounting standard no.

(140).

He also prefers the financial component approach because it is compatible with assets and liabilities concepts .

After finishing the securitization operation the originator must put the sold assets aside , disclose all assets and liabilities which occurred and use the fair value or the present value of expected cash flow to estimate them .

For the second type of problems the researcher found that the disclosure of securitization operation is as the same as the ordinary operations except the types of information, its place and its forms in the financial reports.

The originator must disclose the nature of securitization operations, the followed accounting policies, the cash flows between the originator and the special purpose vehicle (SPV) and the risks of securitization especially market and credit risks .

This disclosure should be as quantitative as possible and uses descriptive information to explain this quantitative disclosure .

undertaken and roles played by auditing practitioners within the course of undertaking the assignments under audit reports.

The results of the empirical study indicates that most participants agreed on the significant of adding a number of important requirements to the Saudi auditing standard while considering the availability of a number of principals and methods that assure increasing the effectiveness of the quality review program imposed by the Saudi Organisation for Certified Public Accountants on audit firms operating in Saudi Arabia, noting that the results of the empirical study also showed the users of audit reports in Saudi Arabia have a high level of awareness regarding the nature of work undertaken and roles played by auditors.

By way of conclusion, three recommendations have been provided, including stressing the significant of developing the requirements of both the Saudi auditing standard and the quality review program on the light of the results of the empirical study, in addition to stressing the significant of supporting the methods that may assure maintaining the higher level of awareness by various beneficiary groups within the Saudi auditing context of the nature of work undertaken and roles played by auditing practitioners within the course of undertaking the assignments under audit reports.