Public companies non-financial reporting and audit in Ukraine: challenges and prospects

  • Received March 10, 2017;
    Accepted April 10, 2017;
    Published April 20, 2017
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  • Article Info
    Volume 1 2017, Issue #1, pp. 32-38
  • Cited by
    4 articles

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Public interest entities and public companies as their representatives should be an example in implementing of sustainable development initiatives (sustainable development goals of the United Nations, development strategy «Europe-2020», «Sustainable Development Strategy»Ukraine-2020») in the light of Association agreement. Main challenges for Ukrainian public companies are non-financial information disclosure and assurance of both financial and non-financial reporting through statutory audit. Key prospects of public companies accounting system reform were outlined in this regard. This research may contribute to the existing literature in regard of identifying key areas of improving financial and non-financial information PIEs disclosure as well as its independent verification through statutory audit. This improvement should incorporate European experience and provision of Directive 2014/95 / EU, Directive 2013/34 / EU, Directive 2014/56 / EU and Regulation (EU) no. 537/2014. Among the promising areas of research, introduction of integrated reporting for Ukrainian PIEs is worth noting.

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    • Fig. 1. The level of CSR disclosure on websites of companies on the parameter of «Strategy and Reporting» points, Center «CSR Development»
    • Fig. 2. The level of disclosure on the websites of companies on the parameter of «Content», points, Center «CSR Development» (2015)