Views on the Credibility of the Nonfinancial Information – New approaches

Attila Tamas-Szora
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Attila Tamas-Szora: 1 Decembrie 1918 University of Alba Iulia, Faculty of Economic Sciences

Finante - provocarile viitorului (Finance - Challenges of the Future), 2016, vol. 1, issue 18, 51-63

Abstract: The purpose of the study is the method of presentation of non-financial information and information on diversity by certain businesses and large groups, in accordance with amendments made by Directive 2014/95/EU. The study was carried out under public poll organized by U.E. (DIGIT-EUSURVEY@NOMAIL.EC. EUROPA. EU) in relation to the guide of presentation of financial information currently under development at EU. The result is represented by the test the usefulness of non-financial information depending on a number of qualitative characteristics such as: avoid undue administrative tasks, comprehensiveness, fairness and balance, comparability, understandability, reliability, usefulness and materiality or relevance of the information. This test was to identify those characteristics and results of non-financial information that are most significant for different users of financial and non-financial information, depending on the type and issuer of such information. The study will be continued by developing, based on testing, of a standard model report including non-financial information, as well as models of such reports specific to different types of issuers and / or users, depending of the area of specific interest.

Keywords: Directive 2014/95 / EU; Directive 2013/34 / EU; financial audit; insurance services; non-financial information (search for similar items in EconPapers)
JEL-codes: M41 M42 M48 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2016:i:18:p:51-63

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