The Impact of Programmed Accounting Analysis (PAA) for the Financial Statements on Qualitative Characteristics of Useful Financial Information

Abstract

The study discussed the impact of programmed accounting analysis (PAA) for the financial statements on qualitative characteristics of useful financial information. The practical study was conducted by an interview with the CEO for accounting information system company, The development in accounting science does not keep pace with the development in information technology, In recent times, important technological developments have emerged that directly affected accounting, but the international accounting standards have not issued accounting standards that address these developments, and that the issuance of a standard in this regard requires long time, and as an example of these developments is online employment, digital currencies and electronic wallets. PAA affects and is affected by the fundamental qualitative characteristics of accounting information (relevance and faithful expression), and the Enhancing qualitative characteristics of accounting information (Comparability, verifiability, timeliness and understandability).