EXAMINING THE DEVELOPMENT OF IFRS AND CORPORATE LIABILITY INFORMATION ON NON-FINANCIAL BUSINESSES IN SAUDI ARABIA
This study investigates the association between the established deployment of the International Financial Reporting Standards, or IFRS, and financial risk disclosures among Saudi nonfinancial enterprises. As a result, the International Financial Reporting Standards, more commonly known as have increased in importance. Saudi authorities are required to increase the country's level of IFRS adoption after joining the Organization of 20 Financial Ministers and Heads of Central Banking Authorities (G-20) three years ago. The example contains 98 non-monetary recorded firms in Saudi Arabia from 2014 to 2019, crossing the years when the conventional execution of IFRS. Using basic and improved price models, the authors evaluate the economic relevance of chosen accounting data. When we divide business risk disclosures into both financial and non-monetary risk disclosures, the link remains. Both the pooled OLS (and ordinary least squares) and random effects calculations provide consistent findings. The conclusions of this study are important for market authorities in their efforts to increase financial risk disclosure among Saudi listed corporations.
International Financial Reporting Standards, Financial, Financial Risk, Firm’s Size, Saudi Arabia.