Factors for ensuring the quality characteristics of reported financial information

Abstract

The authors proposed to consider the quality of the company’s financial information as an element of the common system that also includes the following components: product quality, labour quality, and management quality. They carried out the content-analysis of the definition of quality of financial and reporting information. They also developed a system of factors of ensuring qualitative features of reporting data, consisting of two groups: exogenous and endogenous factors. The authors considered directions for improvement of qualitative features of reporting financial data in conditions of levelling the asymmetry of reporting information.