This study seeks to demonstrate the management of transparency in corporate financial reports and the requirements for achieving accounting disclosure in corporate financial reports through previous theoretical literature. This study was formulated with the following question: "Do transparency and disclosure in financial reports serve the users of financial reports?" Previous studies were selected as the research sample for extensive discussion of the study's objectives and results and for comparison with previous studies. The study concluded that it contributes to improving the quality of accounting information and ensuring that financial information is appropriate and reliable, reflecting the true financial position of the company without bias or misleading. Transparent disclosure gives investors greater confidence in the credibility of financial reports, which is a basic requirement for the prosperity of financial markets. It is also necessary to strengthen the oversight role and activate the role of boards of directors, audit committees, and independent regulatory bodies to ensure compliance with transparency and disclosure standards, hold violators accountable, and develop non-financial disclosure, as this contributes to encouraging companies to expand the disclosure of non-financial information, especially with regard to governance practices, corporate social responsibility (CSR), and environmental sustainability.