Exploring the Impact of Regulatory Auditing Standards on Financial Statement Reliability and Transparency
Posted: Nov 11, 2022
Abstract
The global financial ecosystem depends critically on the reliability and transparency of corporate financial statements. Regulatory auditing standards serve as the foundational mechanism through which external assurance is provided to stakeholders, yet the precise relationship between these standards and the qualitative attributes of financial reporting remains inadequately understood. Traditional research in this domain has predominantly focused on binary outcomes such as audit opinions or restatement frequencies, overlooking the nuanced interplay between different dimensions of financial reporting quality. This paper addresses this gap by developing a comprehensive theoretical framework that distinguishes reliability—the accuracy and verifiability of financial information—from transparency—the clarity and comprehensive-
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