The Perceived Impact of the Adaption of IFRS7 and IFRS9 on the Transparency and Comparability of Egyptian Banks Financial Reporting
Saied, B. (2025). The Perceived Impact of the Adaption of IFRS7 and IFRS9 on the Transparency and Comparability of Egyptian Banks Financial Reporting. EKB Journal Management System, 1(3), 39-46. doi: 10.21608/sisj.2025.407741
Badria Ahmed Saied. "The Perceived Impact of the Adaption of IFRS7 and IFRS9 on the Transparency and Comparability of Egyptian Banks Financial Reporting". EKB Journal Management System, 1, 3, 2025, 39-46. doi: 10.21608/sisj.2025.407741
Saied, B. (2025). 'The Perceived Impact of the Adaption of IFRS7 and IFRS9 on the Transparency and Comparability of Egyptian Banks Financial Reporting', EKB Journal Management System, 1(3), pp. 39-46. doi: 10.21608/sisj.2025.407741
Saied, B. The Perceived Impact of the Adaption of IFRS7 and IFRS9 on the Transparency and Comparability of Egyptian Banks Financial Reporting. EKB Journal Management System, 2025; 1(3): 39-46. doi: 10.21608/sisj.2025.407741

The Perceived Impact of the Adaption of IFRS7 and IFRS9 on the Transparency and Comparability of Egyptian Banks Financial Reporting

Sinai International Scientific Journal
Volume 1, Issue 3, January 2025, Page 39-46  XML PDF (343.82 K)
Document Type: Original Article
DOI: 10.21608/sisj.2025.407741
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Author
Badria Ahmed Saied email
Accounting Department, Faculty of business administration Sinai University- Arish Branch, Arish, Egypt
Abstract
        Heavy transforming of the financial view in Egypt with the adoption of International Financial Reporting Standards (IFRS) 7 and IFRS 9 has occurred. These standards aim for greater transparency and comparability in financial reporting among the Egyptian banks through a standard disclosure and better measuring of financial instruments. The study has been directed towards evaluating the already perceived impact of adopting IFRS 7 and IFRS 9 on the transparency and comparability of financial statements among Egyptian banks. To achieve this, the study employed multiple regression analysis through survey data acquired from 120 banking professionals to study the relationship between compliance levels, implementation challenges and quality of financial report generation.
The results strongly support the study’s hypotheses. Survey findings reveal that 78% of respondents believe IFRS 7 significantly improves transparency, while 65% agree that IFRS 9 enhances comparability across banks. Multiple regression analysis confirms that compliance with IFRS 7 and IFRS 9 positively impacts transparency (β = 0.45, p < 0.05) and comparability (β = 0.30, p < 0.05). However, 42% of participants identified implementation challenges, such as high compliance costs, which negatively impact the standards’ effectiveness (β = -0.20, p < 0.05). Cronbach’s Alpha demonstrated good reliability for survey scales, reinforcing the validity of the findings. The study concludes that while IFRS adoption brings significant benefits to financial reporting in Egyptian banks, addressing implementation barriers is essential to fully realize these standards' potential. Recommendations include enhancing staff training and providing more support for implementation to improve financial reporting practices
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Keywords
Ifrs7; Ifrs9; Transparency; Comparability; Egyptian Banks
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