Pattern of Improving Disclosure in Financial Reporting

Financial reporting aims to prepare and present information to provide a basis for rational decision-making by investors and creditors. For this purpose, it is required to provide information that is useful and relevant and has the potential to influence individuals’ economic decisions. This study aims to identify the existing problems of disclosure in financial reporting in Iran and present an appropriate pattern for its improvement based on the analysis of data obtained from interviews conducted with experts using the thematic analysis method. The statistical population of the research includes faculty members, employees of professional institutions, financial managers, analysts, and audit partners. A total of 22 interviewees were selected by using snowball sampling. The data obtained from interviews have been analyzed and investigated using the thematic analysis method. The findings of this research are presented in three sections including what affects disclosure in Iran and the current problems of disclosure in financial reporting and solutions to improve disclosure. The existing challenges in the implementation of standards, reduction in the quality of some audit reports, not providing some relevant information, and in some cases, the existence of information overload are some of the problems. Improving the process of developing and implementing standards, providing guidelines on disclosure, and enhancing the audit quality can improve disclosure and thus the effectiveness of financial reporting