The Reality of Reports and Interim Financial Statements at Palestinian Public Shareholding Limited Companies

Abstract

The purpose of this study was to investigate the reality of reports and

periodical financial lists in Palestinian public shareholding limited companies.

The study also aimed to identify the role of the variables of the study, namely,

(qualification and years of experience) in the subject of study. To achieve the

goals of the study, a questionnaire was developed. The validity and stability of

the questionnaire were measured. The Statistical Package for Social Sciences

(SPSS) was used to analyze the answered questionnaires.

The study found that there is uniformity in the preparation of interim

financial reports where the company is to issue progress reports on schedule,

since the issuing of progress reports in a timely manner contributes to the

increase in the confidence of investors in the company. It was also found

that the Palestine Securities Exchange requires companies to issue progress

reports in a timely manner. Therefore the study recommends the need for the

company to be committed to the preparation of progress reports as required

by the international standard number (34) regarding the preparation of

reports. The study also recommends the need to clarify the interim financial

reporting date of the financial position, and the date of the beginning and end

of the financial period.