Title: Financial reporting quality: the case of Czech and German listed companies

Authors: Patrik Svoboda; Barbora Poskočilová; Hana Bohušová

Addresses: Department of Accounting and Taxes, Mendel University in Brno, Zemědělská 1665, 613 00 Brno-sever-Černá Pole, Czech Republic ' Department of Accounting and Taxes, Mendel University in Brno, Zemědělská 1665, 613 00 Brno-sever-Černá Pole, Czech Republic ' Department of Accounting and Taxes, Mendel University in Brno, Zemědělská 1665, 613 00 Brno-sever-Černá Pole, Czech Republic

Abstract: The study examines Czech and German listed companies' compliance with selected international financial reporting standards (IFRS) mandatory disclosure requirements. The aim of this paper is to analyse and compare the level of annual report disclosure quality for companies in the Czech Republic and Germany. The proxies for measuring compliance with IFRS mandatory disclosure requirements quantify the range of disclosure of information in the financial statements using the disclosure index. It was proved that the disclosure index of the Czech companies is lower than the German ones. Findings could be useful to potential investors, management and other users of corporate disclosures.

Keywords: IFRS; international financial reporting standards; listed companies; disclosure index; dichotomous method; financial statements; financial reporting quality; compliance with IFRS.

DOI: 10.1504/IJMEF.2020.108822

International Journal of Monetary Economics and Finance, 2020 Vol.13 No.3, pp.235 - 243

Received: 30 Oct 2019
Accepted: 09 Feb 2020

Published online: 28 Jul 2020 *

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