Disclosure in corporate reporting: Classification, trends, and prospects

Subject. This article focuses on identifying trends related to the optimization of data disclosure in reporting and addressing constraints, including in relation to disclosure-sensitive information. Objectives. The article aims to identify the classification features in relation to mandatory disclosure, determine the existing trends in the optimization and restrictions of information disclosure in financial and non-financial reporting, as well as describe the prospects for solving the problems of transparency of reporting prepared under the conditions of information restriction. Methods. For the study, we used the methods of logical analysis, systematization, data grouping, comparison, and average values. Results. The article proposes classification features in relation to information to be disclosed in financial statements, identifies trends in the disclosure of non-financial information, evaluates approaches to the statutory regulation of disclosure of information in financial statements proposed in international practice, and formulates proposals regarding the prospects for disclosure of reporting information. Conclusions. The processes of improving the transparency of information in the reporting of Russian organizations are multidirectional, depending on the situation in the economic and political sphere. Some organizations need to limit the publication of both individual information and financial statements as a whole, but at the same time, the number of enterprises providing non-financial reporting in order to strengthen their positions in financial markets and attract investors gets increasing. The regulatory framework for these processes is aimed at developing optimal approaches to the application of restrictions on information disclosure and providing methodological support to ensure a balance between the interests of preparers and users.