The Link Between International Accounting Standards And The Quality Of Financial Reporting. A Case Study Of Zimstat

ABSTRACT

The purpose of this study is to examine the link between the international accounting standards and the quality of financial reporting by the Zimbabwe National Statistical Agency. The study used quantitative methodology with self-administered questionnaires to obtain data from employees of the Zimbabwe National Statistical Agency. Structured interviews were also used to determine the relationship between international accounting standards and the quality of financial reporting. Limited literature using African data meant that the research could not be compared with previous researches. The results indicated that international accounting standards have got a positive relationship with the quality of financial reporting. The findings of this research imply that ZIMSTAT needs to adopt another approach in the preparation of its financial reports so as to improve the quality.