The relationship between the implementation of International Financial Reporting Standard 6 and reporting quality and increased capital attraction

Abstract

In recent years, International Financial Reporting Standards (IFRS) have received increasing attention as a global framework for the transparent, comparable, and reliable presentation of financial information internationally. However, in Iran, due to differences in the accounting and institutional system, the implementation of this standard faces numerous challenges. This research was conducted with the aim of investigating the implementation of IFRS 6 and its effects on companies active in the field of Exploration for and Evaluation of Mineral Resources in Iran during the year (2024/2025). The research method is a combination of quantitative and descriptive-analytical data. The statistical population of the study includes all mining companies registered on the Tehran Stock Exchange and Iran Fara Bourse that are active in the field of exploration for and evaluation of mineral resources. Based on information from the Parliament Research Center and the Tehran Stock Exchange, the number of these companies in (2024/2025) was 38 companies. Due to the limited size of the population and the possibility of accessing all statistical units, the census sampling method (full enumeration of the entire population) was used. Therefore, the research sample included all 38 active mining companies in this field. Panel data regression with a fixed effects model in Stata 17 software was used for data analysis. The findings showed that the implementation of IFRS 6 has a positive and significant relationship with the improvement of financial reporting quality, increased capital attraction, and the strengthening of management decision-making. This study helps policymakers, the Auditing Organization, and mining companies gain a better understanding of the challenges and opportunities of implementing this standard.