财务会计信息在加强公司控制机制来减轻企业腐败中的角色外文翻译.docVIP

外文翻译 The role of financial accounting information in strengthening corporate control mechanisms to alleviate corporate corruption Material Source:University of Macedonia, Greece,2008 Author:Virginia, Cipa Fundamentally, corporate disclosure and transparency are vital for a strong corporate governance framework. Transparency, which is a desirable characteristic of financial reporting, can be defined as “the extent to which financial reports reveal an entity’s underlying economics in a way that is readily understandable by those using the financial reports” (Barth Schipper, 2008). The need for accurate, reliable, timely and accessible financial and non-financial business information is imperative in order to maintain corporate accountability In this section, we present the interaction of financial reporting with corporate governance and the role of financial reporting in achieving corporate transparency to alleviate corruption and incidents of fraud. Corporate governance during the last century has gradually come into the spotlight and became a matter of great interest and debate (Parker, 2005a). The effusion of corporate frauds and failures enhanced that interest while contemporaneously brought company directors, accounting regulations, auditors, and in general the accounting profession into sharp focuses (Parker, 2007). Santosh Shetty (2005) has stated about corporate governance: “Corporate governance is the framework within which companies are directed and controlled. It basically shows the tone at the top — how management wants to control the affairs of the company. Corporate governance is therefore concerned with issues such as the effectiveness and efficiency of operations, the reliability of the financial reporting (disclosure norms and practices) compliance with laws and regulations and safeguarding of assets” This brings up the need to examine the role of financial reporting in the more general concern of corporate governance and also the extent to wh