Author Login IJIRT Partner Network (IPN) Login

Pattern Analysis of Financial Reporting Practices in Developed and Emerging Nations

  • Unique Paper ID: 160126
  • Volume: 9
  • Issue: 12
  • PageNo: 1215-1221
  • Abstract:
  • In developing countries, a lack of advancement in financial reporting practices can have serious repercussions. It fosters corruption and fraud by promoting an environment devoid of openness and accountability. Due to this opacity, local and international investment is discouraged, which hinders economic progress. Doubts regarding the authenticity and dependability of financial information cause a decline in investor confidence, which in turn causes cash to be withheld and a lack of investments. A buildup of non-performing loans and concealed losses as a result of poor reporting practices that fail to recognize risks and vulnerabilities also puts the economy in danger of worsening economic hardship. Hence, this paper offers a thorough examination of the differences between developed and developing country financial reporting patterns. The research looks at the necessity for developing nations to raise their financial reporting standards and contrasts them with those in use in affluent nations. The research also looks at the need of harmonizing financial reporting procedures with global standards and standards of excellence. Also, it advances knowledge of the significance of sound financial reporting procedures for promoting stability and economic progress in developing nations.
Download article email to a friend

Cite This Article

  • ISSN: 2349-6002
  • Volume: 9
  • Issue: 12
  • PageNo: 1215-1221

Pattern Analysis of Financial Reporting Practices in Developed and Emerging Nations

Related Articles

18 Sep, 2021

Trick or Treat: The Impact of COVID-19 on Business World

Read More
Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

Join Our IPN

IJIRT Partner Network

Submit your research paper and those of your network (friends, colleagues, or peers) through your IPN account, and receive 800 INR for each paper that gets published.

Join Now

Latest Publication

Archive

View More

Recent Conferences

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024 Last Date: 15th March 2024

Submit inquiry