Framework for Corporate Governance and Disclosure Requirements for Small and Medium-Sized Enterprises (SMEs)

Abstract

Effective regulation of SMEs is essential to maintain equilibrium within the organization and the economy. The regulation should incorporate measures to ensure transparency, accountability, and the disclosure of all pertinent financial information. Monitoring Small and Medium-sized Enterprises' (SMEs) operations and financial data is crucial because accounting functions ensure their competitive advantage and continuous growth. This chapter aims to establish comprehensive guidelines for regulating all aspects to ensure the effectiveness of its implementation. The interviewees will offer novel and practical insights into every facet of SME operations. This article emphasizes the need to prioritize responsibility, accountability, and transparency. All the essential information discussed thus far must be considered to safeguard the public interest and the interests of the stakeholders involved with SMEs.