The Role of Financial Statement in Decision Making

The beginning of the third millennium has witnessed massive debate about the role of financial statement in decision making and their responsibilities in the concussions faced global company, however after each hit to major companies we note or see that the fingers are pointed either by covert or explicit to the role of financial statement. There is no doubt that the financial statement takes a major responsibility in this regard, however it has been said that the profession of accounting and monitoring disappointed beneficiaries of financial reports after these shakes because of its negative repercussions and the weakening of the global economy. As a result, the auditor now are facing pressure from the community because it asks them confirmation of the absence of the manipulation and fraud cases or even if they exist, it expects observers to discover and report then. To meet needs of the community is a bit of a challenge for each of the researchers in this field and for practitioners of this profession because they face this problem while exercising their business and this require a scientific foundations and practical solutions to deal with it.