<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The aim of the paper is to answer the question of whether fiscal reporting (more precisely, financial reporting of public finance sector entities (PFSE)) earnestly expressed the results of activities (information included is reliable, understandable and complete), and provide suggestions on how to increase openness and transparency in that field. First of all, the essence of openness and transparency of public finance is described. Then the international institutions involved in preparing and promoting international fiscal transparency standards and guidelines are indicated. Next are noted the most important reasons for limited openness and transparency of financial reporting of PFSE. In the end, actions are recommended to increase openness and transparency. Results are presented of theoretical studies on the basis of related literature, the reports by the Supreme Audit Office in Poland and the authors’ own experience connected with preparing formal opinion for two houses of Polish Parliament. Simple research methods are used such as descriptive analysis and also inferential and inductive thinking.</p></abstract>

The aim of the paper is to answer the question of whether fiscal reporting (more precisely, financial reporting of public finance sector entities (PFSE)) earnestly expressed the results of activities (information included is reliable, understandable and complete), and provide suggestions on how to increase openness and transparency in that field. First of all, the essence of openness and transparency of public finance is described. Then the international institutions involved in preparing and promoting international fiscal transparency standards and guidelines are indicated. Next are noted the most important reasons for limited openness and transparency of financial reporting of PFSE. In the end, actions are recommended to increase openness and transparency. Results are presented of theoretical studies on the basis of related literature, the reports by the Supreme Audit Office in Poland and the authors’ own experience connected with preparing formal opinion for two houses of Polish Parliament. Simple research methods are used such as descriptive analysis and also inferential and inductive thinking.

Openess and Transparency of Fiscal Reporting in Poland – Assessment and Recommendation

Faculty of Management, Department of Finance and Financial Risk

Financial Internet Quarterly

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The aim of the paper is to answer the question of whether fiscal reporting (more precisely, financial reporting of public finance sector entities (PFSE))...

Openess and Transparency of Fiscal Reporting in Poland – Assessment and Recommendation

Published Online: Feb 23, 2019

Page range: 1 - 7

Received: Mar 09, 2018

Accepted: Mar 09, 2018

DOI: https://doi.org/10.2478/fiqf-2018-0015

Keywords
fiscal reporting, fiscal transparency

© 2018 Maria Jastrzębska, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Openess and Transparency of Fiscal Reporting in Poland – Assessment and Recommendation

Published Online: Feb 23, 2019

Page range: 1 - 7

Received: Mar 09, 2018

Accepted: Mar 09, 2018

DOI: https://doi.org/10.2478/fiqf-2018-0015

Keywordsfiscal reporting, fiscal transparency

© 2018 Maria Jastrzębska, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
fiscal reporting, fiscal transparency