Professional Documents
Culture Documents
Important factors in
Transparency good CG
Affect the
attractiveness of
company to investor
ability
DEFINITION
Literal Technical
Easily read and understand the
Very clear, easily financial statements of a company
understood, candid,
and frank
Reports that have high quality and
clear information
FIVE PILLARS OF DISCLOSURE AND TRANSPARENCY
Truthfulness
Accessibility Completeness
Materiality of
Timeliness
information
THE IMPORTANCE OF TRANSPARENCY IN FINANCIAL
REPORTING
And consult them on affairs (of moment). Then, when thou has taken
a decision, put thy trust in Allah
(Al-Imran 3.159)
ISSUES & CHALLENGES
2. Communication Enhancements
Enhance the communication skills of the financial preparers and auditors
Protect the reliability of the information