Analysis of the Influence of IFRS on the Quality of Financial Reports: Case Study on Public Companies in Indonesia

Abstract

This study aims to evaluate the impact of the implementation of International Financial Reporting Standards (IFRS) on the financial reporting of Indonesian public companies. The study approach consists of in-depth interviews with firm accountants and financial management as well as quantitative data analysis of corporate financial reports. The main conclusions show that IFRS adoption significantly improves the quality of financial reporting, especially in terms of financial data reliability, transparency, and application. In conclusion, the use of IFRS has improved the quality of financial reporting for Indonesian public companies. This study provides business management and regulators with vital information about the role that international accounting standards play in improving the quality of financial reporting.