Variations in Opinions Toward Disclosure Trend of Insurance Companies in Bangladesh: An Empirical Study

Posted: 5 May 2015 Last revised: 24 Feb 2017

See all articles by Abu Siddique

Abu Siddique

Rajshahi University of Engineering and Technology

Taposh Kumar Neogy

University of Karachi - Institute of Business Administration (IBA), Karachi

Md. Rabiul Islam

Rajshahi University of Engineering and Technology

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Date Written: May 4, 2014

Abstract

The study is an attempt to examine empirically the perceptions of a sample of users of reported information regarding the use of annual reports for decision making, adequacy, reliability, consistency, comparability, relevance, satisfaction and compliance of BASs (IASs) in preparing annual report. Results of the study demonstrated that there is a lack of disclosure in the annual reports of insurance companies. The study also found insignificant variations in opinions towards adequacy, consistency, relevance, satisfaction and compliance of provisions of Bangladesh Accounting Standards in disclosure policy of the companies while there are significant variations in responses regarding reliability and comparability of accounting information disclosed in the annual reports. Insurance companies should develop their reporting policy to satisfy their users through compliance the disclosure requirements of international standards.

Keywords: Financial disclosure, Insurance company, Bangladesh

Suggested Citation

Siddique, Abu and Neogy, Taposh Kumar and Islam, Rabiul, Variations in Opinions Toward Disclosure Trend of Insurance Companies in Bangladesh: An Empirical Study (May 4, 2014). American Journal of Trade and Policy, Vol. 1, No. 1, 2014. Available at SSRN: https://ssrn.com/abstract=2602331

Abu Siddique

Rajshahi University of Engineering and Technology

Taposh Kumar Neogy (Contact Author)

University of Karachi - Institute of Business Administration (IBA), Karachi ( email )

University Road
Karachi, Sindh 75270
Pakistan

Rabiul Islam

Rajshahi University of Engineering and Technology

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