Shadow accountability in insurance companies between theory and practice - Case study of Alias Insurance -

  • Omar DJafari University Center of Ain Temouchent
  • Rabia Karim University Center of Ain Temouchent
Keywords: international accounting standards, insurance companies, shadow accounting principle, insurance financial accounting system, fair value

Abstract

The research aims to simplify and try to apply the principle of shadow accounting according to what was stated in the International Financial Reporting Standard "IFRS4". In Algerian insurance companies that adopt the financial accounting system derived from international accounting standards, the case study approach has been relied on to reach the desired goals.

The study concluded that the standard concerned in its first stage with life insurance and that the principle of shadow accountability has a direct relationship with this type of insurance, which can only be applied in certain circumstances. Although Alliance Insurance Company is listed on the stock exchange, it does not evaluate its assets at fair value, but is still dependent on the historical cost, which explains that it does not face the problem of imbalance of the financial budget, as well as the lack of a life insurance product that is in line with the principle of shadow accounting.

References

الموقع الرسمي للمجلس الوطني للتأمينات، http://www.cna.dz/، تم الإطلاع على الموقع في 02/02/2017 على الساعة 17:12.
معلومات من شركة أليانس للتأمينات.
Alliance assurances, société par action au capital social de 800 000 en bourse, p 31.
Lettre aux Actionnaires, N° 5 juin 2016, p 02, https://www.allianceassurances.com.dz/index.php?page=relation-actionnaires
Published
2021-03-08