Users’ Perceptions on Materiality and Completeness Quality of Accounting Information: A Study on Commercial Banks in Bangladesh

Contents materiality and information completeness are the two fundamental qualities that make accounting information useful to the stakeholders of commercial banks for their decision making purposes. Measuring the users perceptions towards the qualitative characteristics-materiality and completeness of accounting information produced by AIS through annual reports of the commercial banks in Bangladesh-are the primary objectives of present research. A structured questionnaire-based survey has been conducted into the opinions of five groups of user i.e. academicians, investors, bank executives, respective other officials, professional accountants and consultants regarding the qualities of accounting information produced by AIS of commercial banks. The study reveals that accounting information, produced by AIS of the commercial banks in Bangladesh, are material and also complete; but yet inadequate in absolute mark. The study also reveals that two alternative hypotheses-based on selected qualities of accounting information-are accepted which means that there is significant difference of opinion of the respondents regarding the materiality and completeness qualities of AIS. The outcomes of the study indicate that the qualities of annual reports of commercial banks in Bangladesh are not up to the absolute marks. So respective banks, professional and regulatory bodies, and other concern persons/bodies should come forward and discuss the matter seriously to identify the problems that make barrier in the way to ensure the qualities of AIS.