The influence of qualitative characteristics of accounting information on the quality of financial statements in private commercial banks: Wasit province: A Case Study, Iraq

The present study aims to measure the influence of qualitative characteristics of accounting information on the quality of financial statements in private commercial banks in Wasit Province by measuring the influence of the primary and secondary characteristics of accounting information on the quality of financial statements in the banks of the study sample. To obtain the objectives of the present study, the descriptive analytical approach is used. A questionnaire is used and its paragraphs are formulated based on international accounting standards (Standard No. (1) presenting the financial statements). The present study targets (financial managers, internal auditors, and accountants) as its sample. (75) questionnaire forms are distributed to the study sample. (65) of them are returned, which constitutes a percentage of (86%) to be analyzed. The researcher uses descriptive statistical methods, the arithmetic mean, standard deviation, the percentage to express the percentage of the arithmetic mean of the respondents' answers, in addition to using (five-point Likert scale) and (One Sample T-Test) to analyze data and test hypotheses, as well as using the SPSS. The present study found that there is a very significant influence of the primary and secondary characteristics of accounting information on the quality of financial statements. The present study recommends that it is important to improve the quality of financial statements issued by private commercial banks in Wasit Province so that they become easy to understand by users and help them in making their various decisions.