| Summary: | Information presented to stakeholders through a system
of standardized indicators and transparency in financial
reporting are the basis in the decision-making process
for a sustainable development of the companies. The
purpose of this study is to analyze and assess the
transparency in financial reporting, assessed based on
the audit opinion, and the influence of determinant
factors on transparency, using logistic regression. The
determinant factors are expressed by principal
dimensions of financial statements identified through the
Principal Component Analysis applied on the indicators
of position and performance. The observed sample
consists of 62 companies listed on Bucharest Stock
Exchange during the period 2011-2016. The main
results reveal the existence of three principal
components of the financial statements, Cash flow
component, Return component and Current assets
structure component; among these dimensions, only the
return component has significant influence on
transparency in financial reporting assess through the
audit opinion.
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