THE INTELLECTUAL IMPACT OF IFRS NO. (15): REVENUE FROM CONTRACTS WITH CUSTOMERS ON LIMITING THE PROFIT MANAGEMENT IN JORDANIAN PUBLIC SHAREHOLDING COMPANIES - A FIELD STUDY - FROM THE VIEWPOINT OF THE JORDANIAN AUDIT FIRMS

The present study aimed to demonstrate the intellectual impact of IFRS(15): revenue from contracts with customers on limiting the profit management in Jordanian public shareholding companies, where the study population consisted of (362) Jordanian auditors. (123) questionnaires were distributed to audit offices. The researchers recovered (107) Questionnaire from the study sample, and after reviewing the retrieved questionnaires, it was found that there are (7) questionnaires that are not valid for statistical analysis. Thus, the number of questionnaires valid for analysis has reached (100) questionnaires. The (Skewness & Kurtosis) test was used to test the normal distribution of data, and the (VIF) test was also relied on to ensure that there was no problem of multiple linear relationships (multiple correlation). The study reached many results, the most important of which was the existence of the intellectual impact of the revenue standard from contracts with customer?s standard on limiting the profit management in Jordanian public shareholding companies. As for the most important recommendations, they crystallized in the necessity for those interested in the affairs of the company, including the external auditor, to study and analyze all areas that could be exploited by the administration in managing profits and manipulating financial data. As these areas include recognition, measurement, presentation, disclosure and contract costs as well as the need to train accountants, financial managers and internal auditors on the new developments and accounting controls arising from the application of Financial Reporting Standard No. 15 ?Revenue from contracts with customers? and its real intellectual impact in limiting the profit management practices in Jordanian public shareholding companies.