STANDARDS FOR MEASURING THE FINANCIAL STATEMENT QUALITY BASED ON IASB’S REGULATION

Abstract

Financial statements are considered an important source of financial and business information for business managers, investors, and other interested parties. However, in recent years, fraudulent presentation of information on financial statements of listed companies has occurred, leading to a lack of trust from people who use financial statements for business decision-making. Therefore, the determination of the standards to measure financial statements quality according to international standards needs more attention, especially in the context that Vietnam is on a mandatory roadmap for the application of the International Financial Reporting Standards - IFRS after 2025. This paper presents the standards that are an objective foundation for evaluating the quality of financial statements reliable and faithful according to the regulation of the IASB (International Accounting Standards Board).