Transparency
Transparency is making relevant information understandable and accessible enough for others to assess decisions, conduct and performance. It supports accountability but does not require indiscriminate release of every detail: confidentiality, privacy, legal duties and legitimate commercial interests also need consideration. Clear explanation matters as well as the quantity disclosed.
Worked example
A company explains the assumptions, measures and limitations behind a sustainability target instead of publishing only a favourable headline percentage.
Common mistake
Equating transparency with a large volume of information or assuming that disclosure alone makes an underlying decision ethical.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | BT | Supporting | September 2026–June 2027 |
| ACCA | SBL | Supporting | September 2026–June 2027 |
| FIA | FBT | Supporting | September 2026–June 2027 |