The Impact of Corporate Governance Mechanisms According to the Requirements of IFRS9 on Improving the Quality of Financial Reports: An Applied Study

Abstract

This research aims to know the impact of corporate governance mechanisms to improve the quality of financial reports in accordance with the requirements of the IFRS9 standard. To achieve the objectives, the research relied on a sample of Iraqi commercial banks listed in the Iraq Stock Exchange, which are (42) banks, while the research sample included a group of banks listed in the Iraqi market. There are (5) Iraq Securities Banks, namely (the Credit Bank of Iraq, the National Bank of Iraq, the Bank of Asia, the Bank of Baghdad, and the Islamic Bank of the South). The reason for choosing these banks is their compatibility with the research variables and its requirements in the short and long term. The results were analyzed based on Using the statistical program (SPSS), in analyzing the relationship between research variables and testing its hypotheses, The study came out with a set of recommendations, the first of which was that following corporate governance mechanisms leads to improving the quality of financial reports to attract capital and maintain confidence in the capital market. Also, the IFRS 9 standard promotes improving the quality of financial reports by providing detailed information about the company’s performance, and this shows interest in Banks disclose information, which helps investors and other users better understand the company's performance.