Information transparency in the preparation and presentation of financial reports is the current need of Iranian society مقالة

ملخص الجهاز:

The United States is among the countries that in recent years have been famous for regular, accurate, and correct financial accounting, accountability, and reporting, and the financial information provided in the industries of this country appeared to be free from any kind of waste; furthermore, from a supervisory perspective, the strictest regulations governing the work of the board of directors and company auditors existed, but the bankruptcy of the large company Enron in the first week of January 2002 proved the opposite of the above statements. Importance of Information Clarification The basis for decision-making by stakeholder groups is the information published by stock exchanges, securities issuers, financial intermediaries active in these markets, and reporters of companies' financial reports. C) The necessity of creating professional conscience and commitment of financial reporters to integrity Despite the best laws, regulations, organizations, methods, and the newest technology and information technology, accountability and clarification cannot be expected alone; because clarification depends on individuals being honest and performing tasks conscientiously. The clarification of information is a duty for financial reporters derived from their social responsibility; because their certified information is the basis for decision-making by groups of people in society. The policy of mandating listed companies to disclose information is adopted by the stock exchange; they are obliged to make the information required for decision-making regarding investment in their securities available to the public.