Evaluation of Information Asymmetry in Financial Reporting: Other Approach, Other Result: New Evidence from Iran

The results of this survey showed that preparers’ perception of accounting qualitative characteristics preferences and information asymmetry areas generally differ from those accounting profession members’ and especially auditors are less satisfi ed than accountants from current fi nancial reporting accordance with qualitative characteristics. This fi nding in some aspect is in accordance with past fi nding by Mirshekary and Saudagaran (2005). Moreover, this study revealed that all of the respondents among six compared qualities are satisfi ed about condition of having suffi cient comparability, considering timeliness in provision and reporting of information, same as having suffi cient relevance, while they are more complaining of current condition of the lack of adequate disclosure, lack of suffi cient reliability besides less considering cost-benefi t constraint in issuing new standard and providing accounting information and they believe forging cases are main factors of reducing the level of transparency and crating and wide spreading information asymmetry gap between contributors in those markets