Información contable, auditoría y gobernanza empresarial

José A. Gonzalo Angulo
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José A. Gonzalo Angulo: Universidad de Alcalá

EKONOMIAZ. Revista vasca de Economía, 2002, vol. 50, issue 02, 28-53

Abstract: A main issue in corporate governance is the preparation and presentation of financial information that meets the requisites of relevance and reliability, as long as both characteristics make the financial reporting useful to the stakeholders interested in this kind of data and improve the efficiency of the markets where the enterprise gets goods, services and funds. Three types of different and complementary approaches have been developed to accomplish this objective: internal controls inside the corporations (internal control and audit committee), external audit and reinforcement mechanisms operate by market regulators. In this paper the main features of these controls are discussed, based on theoretical and empirical research, focussing on the threads and problems these controls actually suffer, and on the changes that seek to reinforce their efficacy. Some recent laws in USA and Spain have been passed to attempt build a more faithful financial reporting, by means of bodies and controls that have the goal of promoting the disclosure of non-fraudulent information. However, the emphasis in the simultaneous operation of several concurrent controls with the same goal reveals a basic lack of trust from the Parliaments and from the market regulatory agencies.

JEL-codes: G18 G38 M41 (search for similar items in EconPapers)
Date: 2002
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