Factors affecting the content of information in the use of financial reports and the needs of users' in Sudan

Abstract EN

The financial reports in Sudan failed to provide the information that user's need, which means that the financial reporting system affected from an inability to meet the needs of the local environment.

The research tries to explore the problems that reduce the effectiveness of the information contents of financial reports and the needs of user's in Sudan, where It mainly aims to investigate the factors that underlie this problem.

The study relied on collecting information from users and auditors of financial reports.

The study relied on the use of the statistical packages for social Science (SPSS) and the (U) test was used, and statistical methods were used to test the hypotheses, namely: ( Spearman and Mann Whitney correlation coefficient to know the explanation and measure the variables).

The results of the study indicated that the financial reporting system in Sudan was affected by several factors, the most important of which are: the lack of awareness of users and their weak ability to read and understand the information contained in the financial reports, weak skills of financial report preparers and their unwillingness to disclosure of reliable and appropriate information or disclosure of more information.

Weak skills of financial report preparers and their unwillingness to set standards compatible with the needs of the local environment, as well as their inability to control the accounting profession, which created challenging factors that affected the feasibility and validity of financial reports in the decision-making process.

The study recommended that amendments should be made to some items financial reports to suit their needs.

Other sources of information must be used, including consulting firms, financial analysts, and corporate employees.