Providing a model for identifying Ethical Risks Caused by the Implementation of International Financial Reporting Standards Related to Financial Instruments in the Iranian Banking System

Articles in Press

Document Type : Research Paper

Authors

1 Ph.D. Student, Department of Accounting, Central Tehran branch, Islamic Azad university, Tehran, Iran

2 Associate Professor, Department of Accounting, Central Tehran branch, Islamic Azad University, Tehran, Iran

Abstract

economy is bank-oriented, and the largest financial transactions in the country is carried out through the banking system. Therefore, connecting the domestic economy to the international economy is important to facilitate the flow of capital into the country and reduce costs by adopting IFRS. Based on the importance, the main goal of the research is to investigate the ethical challenges caused by the implementation of IFRS related to financial instruments (IFRS7, 9, IAS32) in the banking system of Iran. The statistical population in the interview was 14 experts who specialized in the banking industry, and the acceptability of the qualitative model was measured with a questionnaire, and the statistical population for the questionnaire was 130 experts, 100 of whom completed it electronically, and the model They confirmed the presentation. In this research, a model for Iranian banks has been proposed through theme analysis. According to the results, it was found that the ethical challenges caused by the implementation of IFRS related to financial instruments, according to the experts, include the ethical risks of fair value calculation, expected credit loss calculations, and disclosure, which according to the experts and experts should first be based on Necessary measures to control moral risks associated with financial instruments should be created to enable the control and reduction of moral risks during the implementation of IFRS in the banking system. Having a suitable model before the implementation of IFRS in the banking system and the modification of upstream laws is necessary to reduce moral risks.

Keywords

Governmental Accounting

Articles in Press, Corrected Proof
Available Online from 29 December 2024

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History

  • Receive Date: 01 July 2024
  • Revise Date: 24 November 2024
  • Accept Date: 28 December 2024

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