Corporate disclosure practices: a comparative study between India and America

Due to the intricacies of contemporary business transactions, the numerous standards issued by regulators, and the vast variety of accounting and disclosure practices with their ever-changing terminology employed by reporting companies, financial statements and related disclosures have become vezy complex. The aim of accounting is to communicate economic message on the result of business decision to the users from time to time. Thus corporate reporting is total communication system between a company and users. This is the most direct least expensive, most timely and faired methods of reaching all shareholders and other, present and potential users. This paper provides a study of disclosure rules according corporate governance for India and America. Thus presenting an comparative study between Indian corporate disclosure practices to the US and UK.