Open AccessVariations in Opinions toward Disclosure Trend of Insurance Companies in Bangladesh: An Empirical Study
Author(s) -
Abu Bokar Siddique,
Taposh Kumar Neogy,
Md. Rabiul Islam
Publication year - 2014
Publication title -
american journal of trade and policy
Language(s) - English
Resource type - Journals
eISSN - 2313-4755
pISSN - 2313-4747
DOI - 10.18034/ajtp.v1i1.360
Subject(s) - comparability , accounting , consistency (knowledge bases) , business , reliability (semiconductor) , relevance (law) , actuarial science , compliance (psychology) , sample (material) , psychology , political science , computer science , social psychology , power (physics) , chemistry , physics , mathematics , chromatography , combinatorics , quantum mechanics , artificial intelligence , law
The study is an attempt to examine empirically the perceptions of a sample of users of reported information regarding the use of annual reports for decision making, adequacy, reliability, consistency, comparability, relevance, satisfaction and compliance of BASs (IASs) in preparing annual report. Results of the study demonstrated that there is a lack of disclosure in the annual reports of insurance companies. The study also found insigni cant variations in opinions towards adequacy, consistency, relevance, satisfaction and compliance of provisions of Bangladesh Accounting Standards in disclosure policy of the companies while there are signi cant variations in responses regarding reliability and comparability of accounting information disclosed in the annual reports. Insurance companies should develop their reporting policy to satisfy their users through compliance the disclosure requirements of international standards.