Innovation science and technologiy Volume 1 Issue 12 (2025)
THE USE OF DUE DILIGENCE PROCEDURES TO ENSURE TRANSPARENCY OF FINANCIAL REPORTING IN JOINT-STOCK COMPANIES
Prokudina, Kristina
Abstract
This article examines the role of the Due Diligence procedure in ensuring the transparency of financial reportingof joint-stock companies. The study identifies key contemporary challenges affecting the reliability of financial reports,including insufficient disclosure of information, non-compliance with international standards, and limited accessibility ofdata for investors. A model for integrating Due Diligence into the financial reporting process is proposed, based on astructural and modular approach to the analysis of both financial and non-financial aspects of corporate activities. Thearticle outlines the main stages of implementation and proposes an interaction algorithm between corporate governanceparticipants and independent auditors. The effectiveness of Due Diligence as a mechanism for enhancing investor andregulator confidence is substantiated
joint-stock company, financial reporting, transparency, Due Diligence, investment risks, corporate governance.
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