FINANCIAL TRANSPARENCY UNVEILED: AN IMPERATIVE FOR TRUST AND ACCOUNTABILITY

Authors

  • Daphne Makris Department of Applied Informatics, University of Macedonia, Thessaloniki, Greece

Keywords:

Financial transparency, accountability, governance

Abstract

Financial transparency has emerged as a foundational principle essential for fostering trust, accountability, and sustainability in both public and private sectors. This paper explores the significance of financial transparency as a mechanism that enables stakeholders to make informed decisions, reduces instances of corruption and fraud, and strengthens organizational credibility. By examining case studies, regulatory frameworks, and best practices, the paper underscores how transparent financial practices contribute to enhanced governance, investor confidence, and a more resilient financial ecosystem. The analysis further discusses the challenges organizations face in implementing transparent financial practices, including regulatory compliance and data security concerns. Ultimately, the paper advocates for comprehensive financial transparency as a strategic imperative, vital to building long-term trust and accountability in an interconnected, information-driven economy.

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References

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Published

2024-11-01

How to Cite

Daphne Makris. (2024). FINANCIAL TRANSPARENCY UNVEILED: AN IMPERATIVE FOR TRUST AND ACCOUNTABILITY. Journal of Applied Science and Social Science, 14(11), 1–4. Retrieved from https://www.internationaljournal.co.in/index.php/jasass/article/view/336

Issue

Vol. 14 No. 11 (2024): Volume 14 Issue 11

Section

Articles

License

Copyright (c) 2024 Daphne Makris

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