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Perceptions and characteristics of financial statement users in developing countries : the case of Iran

conference contribution
posted on 06.12.2017, 00:00 by Soheila MirshekarySoheila Mirshekary, S Saudagaran
We examine the perceptions and characteristics of users of corporate financial statements in Iran. We provide evidence based on a survey of seven different user groups. Our results suggest that annual reports are regularly used as a basis for making investment and other economic decisions. As in many developing countries, users depend more heavily on information obtained from the published annual reports than on advice from stockbrokers and acquaintances or on tips and rumours. While respondents differed in their rating of the importance of different sections of the annual report, the overall results showed that they ranked the income statement, the auditors' report, and the balance sheet as the three most important parts of the annual report (in that order). There is a weak level of consensus among bank loan officers, tax officers, and auditor groups about the importance of several information items. Most users believe that a delay in publishing annual reports, lack of reliability of the information, and lack of adequate disclosure are the main concerns with corporate financial reports in Iran.


Category 1 - Australian Competitive Grants (this includes ARC, NHMRC)


Parent Title

Proceedings of the 5th Asian Academic Accounting Association Annual Conference.

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Bangkok, Thailand


Asian Academic Accounting Association

Place of Publication

Bangkok, Thailand

Peer Reviewed


Open Access


External Author Affiliations

Conference; Faculty of Business and Law; TBA Research Institute; University of Washington;

Era Eligible


Name of Conference

Asian Academic Accounting Association. Conference

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