A proposed strategy for enhancing the quality of financial reporting in the Jordanian banking sector

العناوين الأخرى

استراتيجية مقترحة لتحسين نوعية الإبلاغ المالي في القطاع المصرفي الأردني

مقدم أطروحة جامعية

al-Misri, Hasan Khalil

مشرف أطروحة جامعية

al-Banna, Bashir

أعضاء اللجنة

al-Sayidah, Mansur Ibrahim
Matar, Muhammad
Salim, Muhammad Majid

الجامعة

جامعة عمان العربية

الكلية

كلية الأعمال

القسم الأكاديمي

قسم المحاسبة

دولة الجامعة

الأردن

الدرجة العلمية

دكتوراه

تاريخ الدرجة العلمية

2008

الملخص الإنجليزي

-Because of the collapses of companies and financial reporting scandals in recent years, accounting practices and financial reporting procedures became under the microscope more than ever.

The public and regulatory institutions are giving more attention to all aspects of financial reporting, corporate governance and internal control systems.

Many regulations were born out of the need for high quality corporate governance, internal control, financial reporting, and disclosure.

This study aimed at developing a proposed strategy for enhancing the quality of financial reporting in the Jordanian Banking Sector throughout fraud deterrence elements.

Fraud deterrence elements include corporate governance, internal control systems, external audit assignments and special investigations.

All proposed variables of the strategy were validated by the extensive literature review carried out by the researcher.

Four propositions were stated by the researcher describing the major relationships of the proposed strategy.

A methodology was selected, to test the various relationships of the proposed strategy, and to test its four propositions.

A questionnaire was designed, validated and administered to five user groups representing chief financial officers, internal audit managers (at Jordanian commercial banks) executive managers, Banking supervision Department at Central Bank of Jordan, Inspection and Disclosure Department at the Jordanian Securities Commission, and banks external audit managers.

66 questionnaires were distributed and 54 were returned.

All four hypotheses of the proposed strategy were proven, The researcher found that the quality of financial reporting will be enhanced when the banks establish a sound corporate governance, promote an effective internal control over financial reporting, assign external auditors to examine governance and control processes, as well as conducting special investigations especially forensic accounting investigations.

The researcher found that all elements of the fraud deterrence are interactive.

Policies should be constantly reinforced and revised, controls should be continually improved, audits should be regularly conducted, and investigations should be completed and acted upon as necessary.

Without the commitment to each element of the fraud deterrence elements, the overall deterrent effect is substantially diminished.

The study revealed that most of the respondents agreed on the researcher's suggestions concerning developing a proposed strategy for enhancing the quality of financial reporting at Jordanian public companies in the banking sector.

The strategy has been based on the findings of this research, as well as the best practices implemented internationally.

Finally, based on the previous results the researcher suggested several recommendations that can help banks meet the legislation mandates, restore investor confidence, and improve shareholder value.

التخصصات الرئيسية

العلوم المالية و المحاسبية

الموضوعات

• المصارف
• المحاسبة
• البيانات المالية
• الأردن
• الأعمال المصرفية

عدد الصفحات

225

قائمة المحتويات

• APA
• MLA
• AMA

لغة النص

الإنجليزية

نوع البيانات

رسائل جامعية

رقم السجل

BIM-543696