This paper aims to examine differential perceptions of lenders and investors. Lenders and investors rank three out of ten information sources ahead of the remaining seven: both include annual reports and personal knowledge. However, the highest average response for lenders is direct communication with clients, and for investors, it is stock market publications. Within annual reports, both decision-makers identify financial statements as the most useful part. They both identified understandability as the most important QC followed by timeliness. Relevance ranked last, surprisingly. Further, both groups perceived that the new IFRS reporting environment improved the FRQ compared to the previous Sri Lanka Accounting Standards regime. 

  R.M.S. Bandara and M. Falta

 Asian Review of Accounting

Abstract :- https://doi.org/10.1108/ARA-03-2021-0058