Yulija V. Chortok, Inna O. Makarenko, Yuliya S. Serpeninova
Transparency of Public Sector Companies as the Basis of their Accountability to Stakeholders
(original language – Ukrainian)
Ukrainian public sector companies need a qualitatively new level of disclosure about their activities in the context of European integration processes. The purpose of the study is to analyze the state of disclosure by public sector companies of Ukraine to stakeholders in the framework of adaptation to the requirements of European legislation and ensuring transparency of activities. The authors identified the key trends in taking into account the information requests of stakeholders in the reporting of these companies on the basis of amending the current arrangements for its compilation and additional disclosure of non-financial information in the light of European experience. The article also concludes that there is a critically low level of transparency of public sector companies in Ukraine in terms of disclosure of both financial statements certified by the auditor and non-financial reporting, which does not fully meet the needs of stakeholders in obtaining qualitative and reliable information for their economic decisions.
Key words: public sector, stakeholder, transparency, non-financial information.
Placed in №4, 2017.
Affiliations:
Yulija V. Chortok, C.Sc. (Economics), Associate Professor, Department of Economics and Business-Administration, Sumy State University;
Inna O. Makarenko, C.Sc. (Economics), Associate Professor, Department of Accounting and Audit, Educational and Scientific Institute of Business Technologies «UAB»;
Yuliya S. Serpeninova, C.Sc. (Economics), Associate Professor, Department of Accounting and Audit, Educational and Scientific Institute of Business Technologies «UAB».
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