The article looks at how using fair accounting affects the quality of financial reports for Saudi Telecom Company according to auditors. It investigates how applying fair accounting affects the reliability of financial information. The study used a survey with auditors from Saudi Telecom Company to gather their thoughts on fair accounting's impact. Out of 52 responses, results show that using fair accounting improves the quality of financial reports by making information more reliable. Companies in Saudi Arabia that follow fair value accounting standards demonstrate good quality in their financial reports. The study suggests that Saudi companies should stick to fair value accounting standards and enhance cooperation between universities, training institutes, and companies to merge theoretical knowledge with practical experience.