... constraint in discharging their professional responsibilities. V. PERCEPTION OF THE QUALITY OF FINANCIAL REPORTING 71. There is a general perception that, with the exception of banks, the ... quality of the financial statements of other entities, in general, stems from limited demand for financial information from third parties, dominance of tax reporting in the absence of other demand, ... standards and portray “true and fair” view of enterprises’ conditions and results of the operations. • Both self-regulatory organizations (e.g., KICPAA) and statutory regulators (e.g., NAC and...