THE IMPACT OF THE POWER AND AUTHORITY OF THE EXECUTIVE DIRECTOR (ADMINISTRATIVE OWNERSHIP AND SURVIVAL PERIOD) ON THE APPROPRIATENESS OF ACCOUNTING INFORMATION

Abstract

The research aims to study and measure the impact of the power and authority of the executive director (administrative ownership, period of stay) on the appropriateness of accounting information, and to identify the most important source of the power of the executive director that has the greatest impact on the appropriateness of accounting information in non-financial companies operating in the Iraq Stock Exchange for the period 2010-2019 Firstly, identifying the most important models for measuring the adequacy of accounting information Secondly, the importance of research stems from providing many advantages or benefits to users of financial reports, by identifying the results of the impact of the power and authority of the executive director represented by (administrative ownership and the period of stay of the executive director), and the study included a number Of the (14) non-financial companies during the time period from 2010-2019, the study found that there is no significant effect between administrative ownership and the characteristic of relevance, as well as there is no significant effect for the duration of the CEO’s stay on the adequacy of accounting information, given the importance of the availability of information Appropriate and accurate for users of financial reports, as stated in the conceptual framework issued by IASB 2018 and Iraq's orientation towards global experiences, and what is issued by professional accounting organizations. The research recommends that the supervisory authorities in Iraq should call for measuring the quality of the financial reports of the companies operating in the Iraq Stock Exchange.