The role of mandatory disclosure guidelines in MC and proposed tool, the GAMC INDEX for financial statement quality assessment

Abstract

GAMC Index is a complex measuring instrument developed for the detailed evaluation of financial reporting quality, as this has been delineated by the FASB and the ISAB in 2010 in the “An Improved Conceptual Framework for Financial Reporting” publication. The GAMC index comprises of 44 entries and these entries are classified in five respective categories. Each category examines the different aspects. A business can be viewed from. A total of 129 annual reports of major, stock market listed companies in Canada, the US and EU (including Switzerland, France, Germany, Belgium, Netherlands, Norway, Denmark, Sweden and the UK). Were classified as either pre-IFRS for the period spanning from 2000 to 2004 and post-IFRS for the period. From 2004 to 2007. The goal of this study is the exploration of whether the essential criteria set in Canada and the USA yield increased MC report disclosure, in contrast to businesses that comply with non-obligatory guidelines of disclosure.

Keywords: GAMC Index, narrative informations, Quality