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An Original Assessment Tool for Transparency in the Public Sector Based On the Integrated Reporting Approach

Author

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  • Cristina Alexandrina Stefanescu
  • Tudor Oprisor
  • Mara Andreea Sintejudeanu

    (Babes Bolyai University, Cluj-Napoca, Romania)

Abstract

This paper aims to provide a transparency assessment tool, highlighting the importance of disclosing qualitative information to stakeholders to increase accountability in the public sector. The agency theory, stakeholders and legitimacy theory underpinning transparency in reporting as an enabler of public accountability ensure a more holistic approach in developing the disclosure framework. The main contribution of this paper relates to its methodology, comprising both quantitative and qualitative disclosures. The quantitative index was developed by overlapping the indicative metrics from the GRI guidelines and the structure of the six capitals defined by the integrated reporting framework. Furthermore, the information comprised under each capital has been analyzed by applying the qualitative characteristics of information recommended (GRI and IR), each one being deconstructed into several evaluation criteria. This study has practical implications, providing an assessment tool for enhancing public accountability throughout greater transparency in reporting by offering interesting opportunities for further empirical studies.

Suggested Citation

  • Cristina Alexandrina Stefanescu & Tudor Oprisor & Mara Andreea Sintejudeanu, 2016. "An Original Assessment Tool for Transparency in the Public Sector Based On the Integrated Reporting Approach," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 15(3), pages 542-564, September.
    • Handle: RePEc:ami:journl:v:15:y:2016:i:3:p:542-564
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    References listed on IDEAS

    as
    1. Hooks, Jill & van Staden, Chris J., 2011. "Evaluating environmental disclosures: The relationship between quality and extent measures," The British Accounting Review, Elsevier, vol. 43(3), pages 200-213.
    2. Geoff Frost & Stewart Jones & Janice Loftus & Sandra Laan, 2005. "A Survey of Sustainability Reporting Practices of Australian Reporting Entities," Australian Accounting Review, CPA Australia, vol. 15(35), pages 89-96, March.
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    Cited by:

    1. Salaheldin Hamad & Fong‐Woon Lai & Muhammad Kashif Shad & Zdeňka Konečná & Feybi Ariani Goni & Abdoulmohammad Gholamzadeh Chofreh & Jiří Jaromír Klemeš, 2022. "Corporate governance code and voluntary disclosure of integrated reporting: Evidence from an emerging economy," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1497-1510, December.
    2. Salaheldin Hamad & Muhammad Umar Draz & Fong-Woon Lai, 2020. "The Impact of Corporate Governance and Sustainability Reporting on Integrated Reporting: A Conceptual Framework," SAGE Open, , vol. 10(2), pages 21582440209, June.
    3. Iván Andrés Ordóñez-Castaño & Edila Eudemia Herrera-Rodríguez & Angélica María Franco Ricaurte & Luis Enrique Perdomo Mejía, 2021. "Voluntary Disclosure of GRI and CSR Environmental Criteria in Colombian Companies," Sustainability, MDPI, vol. 13(10), pages 1-18, May.

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    More about this item

    Keywords

    transparency; accountability; disclosure; integrated reporting; public sector;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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