ABSTRACT
Assessing the quality of financial statements is a complex issue and requires a broad range of measurements using models, proxies, qualitative characteristics, and other components. This study discusses one of the financial statement quality components that the authors called reporting comprehensiveness.
The authors have not found a study examining the comprehensiveness of risk reporting in the literature; thus, they consider the model and information derived from the model to be an original contribution to the international discussion on risk. Furthermore, correlations between the risk information comprehensiveness of financial assets and the company value, calculated with accounting methods, were analyzed. This is also considered a research-added value. It has been proven that: Information comprehensiveness about the risk of financial assets is a variable depending on the value of the company, calculated using accounting methods, and the SARS-CoV-2 pandemic affected the reporting comprehensiveness about the risk of financial assets. The research methods include analyzing the financial statements of 24 Polish companies listed on the Warsaw Stock Exchange in 2018–2021 and building the model for reporting comprehensiveness, statistical methods–Spearman’s rank correlation, Shapiro–Wilk test, literature review and analysis.
