Corporate governance in ensuring the quality of financial and sustainability reporting in times of uncertainty

Abstract

Purpose: The paper assesses the impact of uncertainty on financial and sustainability reporting. It also indicates the impact of corporate governance mechanisms in strengthening corporate reporting quality in times of uncertainty.Methodology/approach: The main research method is the analysis of the scientific and professional literature. The method of analysis and synthesis was used for inference.Findings: The article reveals key aspects of uncertainty in financial reporting and corporate sustainability reporting. It shows the impact of inherent uncertainty, as well as economic and business uncertainty. It interprets the empirical results presented in the literature on corporate governance mechanisms in ensuring corporate reporting quality in times of uncertainty. The article identifies the risk of fraudulent reporting as a consequence of uncertain conditions and reveals the features of corporate governance institutions and instruments that help mitigate this risk.Research limitations/implications: The article does not contain a detailed analysis of the legislative premises for the functioning of corporate governance mechanisms. Infer-ence unifies corporate governance systems and is based on empirical results presented in the literature. The limitations may set the path for future scientific research. The article explains the possibilities of using corporate governance mechanisms to ensure the quality of corporate reporting in times of uncertainty, and its implications may support managers, controllers, auditors, accountants and regulators.Originality/value: Due to the lack of exhaustive research in the research area, the article reduces the cognitive gap in the Polish literature.