Non-financial Disclosure and Materiality: Exploring the Role of CFOs

Abstract

This is the official book series of SIDREA -the Italian Society of Accounting and Business Administration. This book series is provided with a wide Scientific Committee composed of Academics by SIDREA. It publishes contributions (monographs, edited volumes and proceedings) as a result of the double blind review process by the SIDREA's thematic research groups, operating at the national and international levels. Particularly, the series aims to disseminate specialized findings on several topicsclassical and cutting-edge alikethat are currently being discussed by the accounting and business administration communities. The series authors are respected researchers and professors in the fields of business valuation; governance and internal control; financial accounting; public accounting; management control; gender; turnaround predictive models; non-financial disclosure; intellectual capital, smart technologies, and digitalization; and university governance and

Consequences of Non-Financial Reporting Directive in Poland

“…They have found that preparers use materiality disclosures as image-enhancing marketing tools, which causes concerns regarding weak accountability and a deviation from the International Integrated Reporting Council's objective of improving the quality of information. Several studies have found an increase in the overall non-financial reporting quality (Cisi et al, 2022;, including only one study that used also relevance to proxy for reporting quality and documented that the legal obligation of non-financial disclosure (NFD) had a positive effect on the relevance of reports. However, this study compared voluntary reports with mandatory reports prepared in selected EU countries based on various national regulations in the field of non-financial reporting prior to the introduction of the Directive.…”