THE IMPACT OF APPLYING IFRS 15 ON IMPROVING DISCLOSURE REQUIREMENTS AND ITS REFLECTION ON INVESTOR DECISIONS OF COMPANIES LISTED IN THE IRAQ STOCK EXCHANGE

Abstract

This study examines the effects of implementing the International Financial Reporting Standards (IFRS) 15 standard, specifically focusing on "Revenue from Contracts with Customers," on the quality of accounting information disclosed in financial reports. In addition, it explores the implications of this standard on investor decision-making in companies that are listed on the Iraq Stock Exchange. A total of 294 questionnaires were administered to the intended recipients, namely the users and preparers of financial reports from companies listed on the Iraq Stock Exchange, as part of our research methodology. The data were subjected to analysis using the SPSS-AMOS software. The research conducted revealed a notable and favorable influence of accounting disclosure mandates in accordance with IFRS 15 on the decision-making process of investors. The enhancement of disclosure quality in the financial reports of companies listed on the Iraq Stock Exchange, in accordance with the International Financial Reporting Standards (IFRS) 15, has positively impacted investment decision-making pertaining to these companies. The report proposes the implementation of a standardized accounting system and the adherence to International Financial Reporting Standards (IFRS) across many sectors, with a specific focus on the telecommunications and contracting industries. The study contributed by conducting statistical tests and drawing empirical evidence to support its main conclusions. These conclusions include the identification of a significant relationship and the assessment of the impact of implementing IFRS 15 on the quality of investment decisions in stocks. This impact is attributed to the enhancement of accounting disclosure requirements.