Accounting and the Role and Position of Disclosure of Information

Over the past several years, economists with the formation of companies thought that all relevant parties to a shareholding company such as the directors and shareholders are working for a common goal. Following the appearance of a conflict of interest in the shareholding company, the discussion of the agency theory was proposed. According to this theory, directors as agencies of the shareholders may act in a way or take decisions that are not necessarily in order to maximizing the shareholder wealth. So should be created adequate monitoring mechanisms to protect shareholders against conflict of interest. For this reason, Transparency and quality of information presented in the financial statements, considered as a practical method, and in this article we try by describing the quality of disclosure and improved transparency of financial reporting, take a step although a small one, in order to protect the interests of shareholders and other interested parties.