Providing solutions to prevent the occurrence of moral hazards due to the distortion of financial statements during the implementation of IFRS in the banking system of Iran
Subject Areas : Ethics and Islamic Educationhamed Alizadehrahvar 1 , Azita Jahanshad 2
1 - PhD student, Department of Accounting, Islamic Azad University, Central Tehran Branch, Tehran, Iran
2 -
Keywords: Financial instruments, International Financial Reporting Standards, Moral Hazards from Financial Statement Misstatement, Supervision.,
Abstract :
The main purpose of the research is to examine the provision of solutions to prevent the emergence of moral hazards resulting from the distortion of financial statements during the implementation of international financial reporting standards related to financial instruments in the Iranian banking system. In the interview, 14 people were selected from experts who specialized in the banking industry, and a questionnaire was used for the acceptability level, for which the statistical population is experts with financial knowledge who were selected as a sample using the electronic method of 100 and confirmed the results. In the research, solutions were proposed for Iranian banks through theme analysis. According to the results obtained, it was determined that by amending tax laws, training expert auditors, increasing the expertise and empowerment of banking experts, reducing conflicts of interest of employees, increasing transparency in measuring financial instruments, limiting the level of judgment in measuring financial instruments, increasing supervision, reducing the incentive for profit management by amending the payment mechanism, strengthening the underlying factors through improving economic and political conditions, strengthening the culture of transparency, and improving the organizational structure and culture, the desired goal can be achieved. Originality and its Contribution to the Knowledge: It is necessary to have appropriate strategies to identify and reduce moral corruption before implementing IFRS in the Iranian banking system.
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