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Denise Probert, CPA, CGMA
Denise Probert, CPA, CGMA
I help individuals and teams know how to use accounting & finance information to make and evaluate strategic decisions | LinkedIn Learning Instructor | FP&A, Financial Acumen & Leadership Coach & Consultant | Professor
Published Feb 29, 2024
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Financial transparency refers to the extent to which a company provides clear, accurate, and accessible information about its financial performance, operations, and financial position. It involves openly disclosing relevant financial data to stakeholders, including investors, employees, customers, and regulatory bodies. This transparency can be achieved through various means, such as financial statements, reports, and disclosures.
Key aspects of financial transparency include:
Importance of Financial Transparency:
In summary, financial transparency is a cornerstone of good corporate governance. It not only satisfies regulatory requirements but also builds trust, attracts investment, and supports informed decision-making, contributing to the overall success and sustainability of a business.
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