The role of accounting disclosure in supporting the effectiveness of internal control

Abstract

The current study aimed to identify the role of accounting disclosure in supporting the effectiveness of internal control and enhancing its performance in the Electricity Company, and to evaluate the comprehensiveness and clarity of the announced financial information and its impact on strengthening the internal control mechanisms in the company, and to determine the relationship between accounting disclosure and raising the level of transparency and credibility among the relevant parties inside and outside the company. The study relied on the descriptive analytical approach, and the study community consisted of some employees of the General Electricity Company. The study sample included (39) individuals representing employees in the relevant departments using the stratified random sample method. The researcher used a questionnaire with data consisting of three main axes, each axis covering one of the dimensions of the study (disclosure of financial information, disclosure of accounting policies, enhancing transparency). The study concluded that accounting disclosure plays a major role in enhancing the clarity of financial information, and that it plays an essential role in accounting policies. Accounting disclosure also has an essential role in enhancing transparency within companies, as it helps improve transparency, accuracy of financial reports, facilitate comparisons, and ensure compliance with international standards. Accordingly, the study recommended that there is a need for further improvement in some areas such as inventory disclosure. And transparency of financial operations.