What are appropriate measures of financial reporting transparency? Can we determine whether one type of company is more transparent than another from a financial reporting perspective based on certain financial ratios or indicators? If yes, which ones exactly?
Thank you
Professional ethics as accountants is imperative so transparency, accountability, ethics, honesty and integrity should be part of any companies financial reporting.
A company that is not transparent are not following the Corporate governance and professional ethics principles and rules of Financial Accounting.
Although it is a lit bit older, the following paper may help you out in this regard:
Financial reporting transparency
ME Barth, K Schipper - Journal of Accounting, Auditing & …, 2008 - journals.sagepub.com
The basic principles of preparing financial reports include accountability, understandbility, comparison, fareness and transparency. So in order to ensure transparency department managers should provide proper disclosure of financial information. However to measure transparency PWC developed an opacity index in which impact of corrupt practices, legal and judicial opacity, economy opacity, accounting opacity and impact of regulatory opacity.
GA meeting, participation in such meeting, audit report and others