Rajeswaran Ayyadurai, Alya Masitha, Nilesh P. Sable, N. Saranya, Lohara Chathumini, Mugi Praseptiawan
The developed countries have companies, which are able to maintain their profitability due to financial reporting, ethics of audit, governance practice and strategic taxation. It seems that these instruments give preference to fiscal transparency. Weirdly enough, though, audit quality, lack of effectivity in regulatory control and the imbalance in taxation structure are existential threats to business survival. Therefore, we are planning to establish the foundation where the combination of all these mechanisms will intertwine the sources of long-term financial stability. A survey questionnaire was conducted by administering an organized questionnaire to 250 finance professionals and later, regression analysis was performed in order to discover the relationships among the key variables. The results indicate positive effects of financial reporting quality (β=0.510), auditing ethics (β=0.487), good governance practices ((β=0.495), and sound strategic taxation ((β=0.538) on income stability. Thus, the research contributes to the evidence-based model of policymakers and regulators to achieve improved financial governance and stability, particularly in transition economies. © 2026 IEEE.
Il Health & Beauty Natural Oils Co Inc, California, United States; Institut Teknologi Statistika Dan Bisnis Muhammadiyah Semarang, Indonesia; Vishwakarma Institute of Technology, Department of Computer Science And Engineering (Artificial Intelligence), Maharashtra, Pune, India; Sri Ramakrishna Engineering College (SREC), Department of Information Technology, Coimbatore, India; Sabaragamuwa University of Sri Lanka, Faculty of Computing, Department of Computing And Information Systems, Sri Lanka; Institut Teknologi Sumatera, Informatic, Indonesia