Financial disclosures by Ontario universities: 1988–1993

Abstract Accountability has become an increasingly important issue, particularly in the public sector. One important aspect of accountability is the financial information which is disclosed to an organization's various stakeholders. Several initiatives are presently considering the accounting disclosure standards in the not-for-profit sector. This study empirically examines the financial statement disclosures by Ontario universities for the six-year period from 1988 to 1993.