The role of disclosure quality in financial reporting

Abstract

Great emphasis has been put on the quality and importance of financial information disclosure in the theoretical foundations of accounting. This research focuses on the role of disclosure quality in financial reporting. The main reason behind choosing this subject was the criticality of financial information disclosure in the current world of trading. The current research is descriptive-scientific in nature and uses library research methods. In this research, we reviewed the quality and definitions of disclosure, discussed mandatory and voluntary disclosure, disclosure levels, and disclosure audience, and at the end, reviewed and determined the relationship between the quality of disclosure and characteristics such as information asymmetry, profit management, capital expenditure, and corporate size