Variations in Opinions toward Disclosure Trend of Insurance Companies in Bangladesh: An Empirical Study

Authors

  • Md. Abu Bokar Siddique RUET
  • Taposh Kumar Neogy IBA, Rajshahi
  • Md. Rabiul Islam RUET

DOI:

https://doi.org/10.18034/ajtp.v1i1.360

Keywords:

Financial disclosure, Insurance company, Bangladesh

Abstract

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 insignifi 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 signifi 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.

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Author Biographies

  • Md. Abu Bokar Siddique, RUET

    Associate Professor in Accounting, Department of Humanities, Rajshahi University of Engineering & Technology, Rajshahi, Bangladesh

  • Taposh Kumar Neogy, IBA, Rajshahi

    Assistant Professor in Accounting, Institute of Business Administration (IBA), (Under National University), Rajshahi, Bangladesh

  • Md. Rabiul Islam, RUET

    Lecturer in Management, Department of Humanities, Rajshahi University of Engineering & Technology, Rajshahi, Bangladesh

References

Abu Nassar and Rutherford (1996), “Corporate Disclosure Policy and Analyst Behavior in Jordan” The Accounting Review, (10) pp., 467-492

Agarwal R.K., (1995) “Disclosure in Company Account”, Hind Law Publishers, Delhi, p-2

Anderson (1981), “The usefulness of Accounting and other Information Disclosed Corporate Annual Reports to Institutional Investors in Australia”, Accounting and Business Research, pp. 259-265.

Anderson and Epstein (1995), “The Pricing of Audit Services: Further Evidence from the Canadian Market”, Accounting and Business Research, volume 24 No.25 pp. 195-207.

Ali, Khan, Fatima and Masud (2008) “Voluntary Corporate Governance Reporting in Annual Reports: A Study of an MNC”, ASA University Review Vol. 2 No.2 July-December, pp 61-75.

Auruna D.Z. and Kathy R. (2010) “An Investigation of perceptions of Company Annual Report Users in Srilanka”, International Journal of Emerging Markets, vol. 5 No. 2, pp. 183-202.

Buzby, S. L. (1974) “Selected Items of Information and Their Disclosure in Annual Reports”, The Accounting Review, Vol. 49, pp. 423-435.

Nicholls and Ahmed (1995) “Disclosure Quality of Corporate Annual Reports of Non-financial Companies in Bangladesh”, Research in Accounting Emerging Economics, Vol.3 pp. 149-170

Wallace (1988a) “Corporate Financial reporting in Nigeria”, Accounting and Business Research, Vol. 18, No. 72, pp. 352-362.

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Published

2014-04-30

Issue

Vol. 1 No. 1 (2014): January - April Issue

Section

Research Articles

License

Articles can be read and shared for noncommercial purposes under the following conditions:

  • BY: Attribution must be given to the original source (Attribution)
  • NC: Works may not be used for commercial purposes (Noncommercial)

How to Cite

Siddique, M. A. B. ., Neogy, T. K. ., & Islam, . M. R. . (2014). Variations in Opinions toward Disclosure Trend of Insurance Companies in Bangladesh: An Empirical Study. American Journal of Trade and Policy, 1(1), 42-50. https://doi.org/10.18034/ajtp.v1i1.360

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