About the indicator

When a country does not require all companies to publish annual accounts, multinational corporations can conceal their financial activities, limiting regulatory oversight and making it impossible for government authorities and other stakeholders to evaluate the risks of doing business with a company, such as for public procurement. This indicator assesses if the country requires all available types of companies with limited liability (except small companies) to keep accounts per the international standard, file their accounts with a government authority, and make them accessible online for free or at a low cost.