The Accuracy and Transparency of Corporate Financial Statements

Research Article
Open access

The Accuracy and Transparency of Corporate Financial Statements

Maximiliano Ni 1*
  • 1 University of Macao    
  • *corresponding author nimaximiliano@163.com
AEMPS Vol.188
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-80590-175-4
ISBN (Online): 978-1-80590-176-1

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.

Keywords:

Financial Statements, Accuracy, Transparency, Improvement Measures

Ni,M. (2025). The Accuracy and Transparency of Corporate Financial Statements. Advances in Economics, Management and Political Sciences,188,37-43.
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References

[1]. Mario Carta,Shahrokh Shahpar & Tiziano Ghisu.(2024).Analysis of the aerothermal performance of modern commercial high-pressure turbine rotors using different levels of fidelity. Proceedings of the Institution of Mechanical Engineers, Part A: Journal of Power and Energy(8). doi:10.1177/09576509241283129.

[2]. Yushi Wang,Yuan Feng,Zhangyao Zhu,Jia Liu & Yubin Li.(2024).Financial statement comparability and expected default risk. International Review of Financial Analysis (PA). doi:10.1016/J.IRFA.2024.103302.

[3]. Zhang Whenjing. (2024). Research on the role of financial statement analysis in corporate financial management. Chinese Market (34),173-176. doi: 10.13939/j.cnki.zgsc.2024.34.042.

[4]. Yang Chenxue. (2024).Analysis of the quality control of company financial statement information and its impact on company decision-making. Vitality (23),31-33. doi: CNKI:SUN:HLYT.0.2024-23-010., [J]

[5]. Qi Xiaojuan.(2019). Issues related to the analysis of financial statements of listed companies and exploration of their improvement. Contemporary Accounting (21),98-99. doi: CNKI:SUN:KJDD.0.2019-21-056.

[6]. Wang Meirong. (2024). Analysis of the accuracy and transparency of data assets in financial statements. Time-honored Brand Marketing (13),75-77. doi: CNKI:SUN:LZHP.0.2024-13-026.

[7]. Wang Meirong. (2024). Analysis of the accuracy and transparency of data assets in financial statements. Time-honored Brand Marketing (13),75-77. doi: CNKI:SUN:LZHP.0.2024-13-026.

[8]. Ma Xiu. (2024). Research on factors affecting the quality of company financial statement information. Land Bridge View (08),98-100. doi: CNKI: SUN:DLCS.0.2024-08-024.

[9]. Cui Mingjin. (2024). The impact of financial statement transparency on corporate governance effectiveness. Pay Taxes (29),46-48. doi: CNKI:SUN:NASH.0.2024-29-014.

[10]. Zhang Zhiqiang, Gao Jin & Tong Chenying. (2024). Analysis of the application of blockchain technology in the accounting field. Financial News (18),126-128. doi:CNKI:SUN:CAXU.0.2024-18-042.

[11]. Yang Xiaofeng. (2024). Research on the application of blockchain technology in corporate financial auditing. Time-honored Brand Marketing (16),166-168. doi:CNKI:SUN:LZHP.0.2024-16-056.

Cite this article

Ni,M. (2025). The Accuracy and Transparency of Corporate Financial Statements. Advances in Economics, Management and Political Sciences,188,37-43.

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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 3rd International Conference on Management Research and Economic Development

ISBN：978-1-80590-175-4(Print) / 978-1-80590-176-1(Online)
Editor：Lukáš Vartiak
Conference website: https://2025.icmred.org/
Conference date: 30 May 2025
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.188
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Mario Carta,Shahrokh Shahpar & Tiziano Ghisu.(2024).Analysis of the aerothermal performance of modern commercial high-pressure turbine rotors using different levels of fidelity. Proceedings of the Institution of Mechanical Engineers, Part A: Journal of Power and Energy(8). doi:10.1177/09576509241283129.

[2]. Yushi Wang,Yuan Feng,Zhangyao Zhu,Jia Liu & Yubin Li.(2024).Financial statement comparability and expected default risk. International Review of Financial Analysis (PA). doi:10.1016/J.IRFA.2024.103302.

[3]. Zhang Whenjing. (2024). Research on the role of financial statement analysis in corporate financial management. Chinese Market (34),173-176. doi: 10.13939/j.cnki.zgsc.2024.34.042.

[4]. Yang Chenxue. (2024).Analysis of the quality control of company financial statement information and its impact on company decision-making. Vitality (23),31-33. doi: CNKI:SUN:HLYT.0.2024-23-010., [J]

[5]. Qi Xiaojuan.(2019). Issues related to the analysis of financial statements of listed companies and exploration of their improvement. Contemporary Accounting (21),98-99. doi: CNKI:SUN:KJDD.0.2019-21-056.

[6]. Wang Meirong. (2024). Analysis of the accuracy and transparency of data assets in financial statements. Time-honored Brand Marketing (13),75-77. doi: CNKI:SUN:LZHP.0.2024-13-026.

[7]. Wang Meirong. (2024). Analysis of the accuracy and transparency of data assets in financial statements. Time-honored Brand Marketing (13),75-77. doi: CNKI:SUN:LZHP.0.2024-13-026.

[8]. Ma Xiu. (2024). Research on factors affecting the quality of company financial statement information. Land Bridge View (08),98-100. doi: CNKI: SUN:DLCS.0.2024-08-024.

[9]. Cui Mingjin. (2024). The impact of financial statement transparency on corporate governance effectiveness. Pay Taxes (29),46-48. doi: CNKI:SUN:NASH.0.2024-29-014.

[10]. Zhang Zhiqiang, Gao Jin & Tong Chenying. (2024). Analysis of the application of blockchain technology in the accounting field. Financial News (18),126-128. doi:CNKI:SUN:CAXU.0.2024-18-042.

[11]. Yang Xiaofeng. (2024). Research on the application of blockchain technology in corporate financial auditing. Time-honored Brand Marketing (16),166-168. doi:CNKI:SUN:LZHP.0.2024-16-056.

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