The Impact of Accounting Disclosure of Financial Reports Under International Standards on The Efficiency of Business Sector Companies: A Theoretical Study

This research seeks to shed light on the concept, foundations, and components of financial reporting disclosure under International Financial Reporting Standards, then review the extent of Egyptian companies’ compliance with the disclosure of financial statements and the items and elements that are required to be disclosed in these statements according to International Financial Reporting Standards, as well as identifying the information that is disclosed in the reports of joint stock, industrial, and commercial companies. Disclosure, in general, means the full disclosure of all data and information related to these companies. In accounting, it means that the financial statements should show all the main information that interests users of the information and that helps them make sound decisions. The amount of information that must be disclosed depends on the experience of the information user and his requirements and the required accounting measurement. The researcher aims through this research to determine the importance of providing disclosure in financial reports from the point of view of its beneficiaries, in addition to knowing the extent of consistency of the financial statements of institutions with the legislations and laws related to disclosure in Egyptian institutions to know the extent of the adequacy of legislation and the application of laws. Keywords: Accounting disclosure – Financial reports – The benefit of business sector companies.