Obviously, we can test the parameters for this purpose, lot of studies are available on disclosures given in annual reports either on compulsory (required by IAS's) or voluntary disclosure.

Bilal can you specify the studies? Please explain parameters.

Dear Shrikrishna Mahajan; "Hossain, M., & Hammami, H. (2009).

Voluntary disclosure in the annual reports of an emerging country: The case of Qatar" suggested 44 major parameters of measuring voluntary disclosure in their study. I also adopted these parameters in case of Pakistan. Please see my study as well http://masreview.webs.com/archives/vol_2/masr_2_2_181_195.pdf

I explored the relationship of these 44 parameters as voluntary disclosure index with firm characteristics are; firm characteristics; profitability, firm size, age of the firm, auditor size, leverage.

Hope so it will help.

Bilal Sharif, Thank you for references.

Hi Shrikrishna S! Standard & Poors Transparency & Disclosure Index  has been useful tool in measuring disclosure index. As disclosure is subjective phenomenon and number of dimension are there to measure it. You can use parameters stated in S&P:T&D index  for constructing your own disclosure index in the light of regulatory requirement of Legislators pertaining the country of study. 

http://people.stern.nyu.edu/adamodar/pdfiles/articles/S&Pdisclosure.pdf

Hi Shrikrishna, the responses i see here are too focused on corporate governance guides. That is where you will  find 44 disclosures or 98 disclosures as in Standards and Poor. But your question is on disclosure of Accounting policies which are driven by standards ie IFRS for adopting countries.If you take a set of the 28 Accounting standards or 15 IFRS , you will notice they are structured into various sections such as objective, scope, definitions, Accounting treatment, disclosures and effective date. The disclosures here are the ones refered to by auditors in the annual reports where they appear as notes to the financial statements as significant accounting policies. For example if you take IAS  16, there are several disclosure requirements prescribed by the standards  such as measurement bases, depreciation methods etc.  Most likely if your study involves accounting disclosure, it maybe too much to study more than one standard.  On the other hand corporate governance disclosures are driven by different codes such as OECD, commonwealth, King Report in South Africa and Higgins or Cadbury in the UK.In the annual report these disclosures are found under corporate governance policies and are typicaly measured by indices because of the levels of subjectivity while accounting polices are specific and non compliance to disclose may lead to disqualification of your accounts.

Occasionally some disclosures fall in both such as related party disclosures and management compensation.

Yes they can be tested but i must admit such studies are not as common as testing disclosures in corporate governance. Ill check a few such studies in the American Accounting associations and get back to you.

Best

https://www.researchgate.net/publication/303484302_Relevant_Costing_Can_the_Method_Coincide_with_Different_Industries

Article Relevant Costing: Can the Method Coincide with Different Industries?

https://www.researchgate.net/publication/312498724_Disclosure_of_Accounting_Information_AI_for_Investors_in_Stock_Exchange?ev=prf_high

Article Disclosure of Accounting Information (AI) for Investors in S...

https://www.researchgate.net/publication/312498724_Disclosure_of_Accounting_Information_AI_for_Investors_in_Stock_Exchange?ev=prf_high

What Is Disclosure?

• Federal regulations require the disclosure of all relevant financial information by publicly-listed companies.
• In addition to financial data, companies are required to reveal their analysis of their strengths, weaknesses, opportunities, and threats.

what it means by parameters on disclosure of accounting policies is significances of Value Relevancies in all the financial information and performances of listed financial institution that reveal both level of gearing and weaknesses of an organization with the requirement of Accounting Standard.

In accounting, "parameters" refers to the specific guidelines that are used to guide the preparation and presentation of financial statements. The disclosure of accounting policies is a set of guidelines that outlines how financial information should be reported in order to provide transparency and accuracy to stakeholders. The significance of value relevancies in financial information and performances of listed financial institutions is that it reflects the ability of an organization to generate earnings and create value for its shareholders. Value relevancies are indicators or metrics that reveal the financial health of an organization, including its level of gearing (i.e., the extent to which it relies on debt financing) and weaknesses. Accounting standards require that organizations disclose their accounting policies in order to ensure consistency and comparability across different companies and industries. This helps investors and other stakeholders make informed decisions about the financial health and performance of the organization. By following these standards, organizations can provide reliable and consistent financial information that is useful for decision-making purposes.

Thanks, the researcher.

To establish the nexus between the independent variable (IV) And the Dependent variable (D) this are the proxy that can be used in these parameters as sub-component of predatory variable.

this is for independent variable.

1. IFRS Disclosure

2. Income Tax

3. Intellectual Capital

4. Asset Structure

while Return on Asset, Earning per share, and Share Capital. is function of Dependent variable.