Culture and Ethics in Financial Reporting

Abstract

In recent years, financial reporting as a tool for communicating income and finances to the outside world has been the subject of numerous studies. The dissemination of this document impacts various areas of community life. Generally speaking, financial reporting is studied from the point of view of the rules of preparation and the accounting principles that must be applied for this document to be truthful and transparent. However, in addition to these issues, one cannot overlook the importance of culture and ethics in studying this topic.

The culture of financial reporting and ethics identify the new frontiers of the correct preparation of financial reporting, and it is for this reason that it is considered appropriate to devote some observations to these fundamental elements of financial reporting itself.