The impact of processing and analyzing big data on improving the quality of financial reports

Abstract

The research aims to explain the concept, importance, types and characteristics of big data, in addition to explaining how to improve the quality of financial reports in light of the use of big data by studying the effects of that data, and highlighting the challenges facing its use for the accounting profession and the accounting environment’s need for it in light of technological progress and development. The research aims also to measure the impact of analyzing and processing this data on improving the quality of financial reports, To achieve the objectives of the study, the researchers relied on the descriptive analytical approach. The study tool was a questionnaire that was distributed to a sample of (107) employees of the main telecommunications companies in Iraq (the study population). The researchers reached results, the most important of which are: that analyzing and processing big data affects the quality of the study. Financial reports, as the financial reports resulting from the processing of big data are characterized by impartiality and a faithful representation of events and facts in accordance with professional standards and legal controls and achieve the intended goal, In addition to non-financial transactions to ensure access to financial reports in accordance with professional and legal controls, as well as spreading the culture of data analysis and processing through education and the work of special workshops concerned with training workers to use modern technology to benefit as much as possible from the huge data available to ensure access to financial reports that achieve goals, The strategy for which these units were created.