Year: 2025
Type: article
Abstract: As an important tool to reflect the financial status of enterprises, the accuracy of financial statements ensures that management and stakeholders can obtain true and reliable information and make the right decisions. Transparency enhances the accessibility of information, mitigates information asymmetry, and boosts the credibility of enterprises as well as the trust of investors. Studies have shown that accurate and transparent financial statements not only help improve the image of the company, but also improve market performance and reduce financial risks. This paper explores the impact of the accuracy and transparency of the corporate financial statements on enterprises. In addition, lack of accuracy and transparency may lead to financial fraud, legal liability and obstacles to the long-term development of the company. Therefore, this paper recommends that enterprises strengthen internal control, improve information disclosure policies, and use technical tools to improve the quality of financial statements to promote the sustainable development of enterprises. And high-quality financial reporting is more likely to attract investment, maintain regulatory compliance, and enhance their reputation in the marketplace.
Author: Maximiliano Ni
Institution: University of Macau
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4411132201