Exploring the Imperative of Transparency in Off-Balance Sheet Accounts: Understanding Their Impact and Importance Within Financial Reporting Practices
Introduction Allowing off-balance sheet accounting has caused much public discussion about financial transparency. As Thiemann (2014) aptly notes, this technique not only hides such assets and liabilities from view in the company’s balance sheet but helps to conceal its actual financial condition. In well-known examples such as the Enron scandal of 2001, off-balance sheet methods ... Read More
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