Yearly Archives: 2024

Information has been an integral part of firm success. Asymmetric information has been the main concern in successfully meeting firm objectives. This concern has been related to the need for more intense corporate governance and International Financial Reporting Standards (IAS, IFRS) as emphasized by recent studies and policymakers in some developing countries. Hence, the present study examines the integrative impact of corporate governance and International Financial Reporting Standards (IAS, IFRS) on the asymmetric information of the opinions of a sample of accounting academics and external auditors in Erbil city. The study uses four dimensions of corporate governance to predict the asymmetric information namely board of directors, audit committee, market mechanism and external audit. It has also used the survey method to obtain the primary data from the respondents by using survey questionnaires The researcher also used the mail method to distribute the survey questionnaires to selected respondents comprising auditors and academics. The study also used the SPSS to check the data reliability, validity and association among variables. The outcomes revealed that the corporate governance dimensions (i.e., board of directors, audit committee, market mechanism, and external audit and International Standards for Accounting (IAS, IFRS) implementation) have reduced the asymmetric information in firms. This study guides the policymakers in making policies related to reducing the asymmetric information by proper implanting International Financial Reporting Standards (IAS, IFRS) and effective corporate governance.