The topic of accounting information quality has garnered significant attention in financial and accounting research due to its crucial role in decision-making processes within organizations. High-quality accounting information enhances transparency, reliability, and comparability, which are essential for stakeholders. Given the increasing global adoption of International Financial Reporting Standards (IFRS), IFRS 16 has emerged as a key standard influencing financial reporting practices, particularly in lease accounting.

This research examines the role of IFRS 16 in improving the quality of accounting information, focusing on its impact on financial reporting transparency and comparability among organizations. The topic of this research aligns with both the descriptive approach and the analytical method. The research population consists of employees in financial and accounting departments, as well as external auditors dealing with the banking sector in Syria. Data were collected through structured questionnaires and interviews to assess perceptions regarding the implementation of IFRS 16 and its influence on financial reporting quality.

The statistical analysis results indicated a significant improvement in financial statement comparability and reliability following the adoption of IFRS 16. The study also revealed that while IFRS 16 enhances transparency in lease-related financial disclosures, its implementation poses initial financial and operational challenges for firms. Moreover, the findings suggest that the standard contributes to a more accurate representation of a company’s financial position by shifting lease obligations onto the balance sheet, reducing off-balance-sheet financing practices.

This research underscores the importance of IFRS 16 in strengthening accounting information quality and highlights the need for organizations to adapt their financial reporting strategies to comply with evolving international standards. The study provides valuable insights for policymakers, financial managers, and accountants in optimizing financial reporting practices under IFRS 16.

Keywords: International Financial Reporting Standard 16, Quality, Accounting information, Relevance and Comparability