The Impact of Accounting Disclosure About Sustainable Development on the Quality of Financial Reports for Iraqi Economic Units - An Applied Study in A Sample of Banks Listed in the Iraqi Stock Exchange

Abstract

The research aims to demonstrate the impact of accounting disclosure about sustainable development on the quality of financial reports, represented by accounting disclosure about economic development, environmental development, and social development in a sample of banks listed in the Iraq Stock Exchange Market. The dimensions of the accounting disclosure about sustainable development were measured, as well as the financial reports of the banks for the period 2016-2018. In preparing the form of the questionnaire, the researchers relied mainly on the indicators issued by (GRI), especially the indicator (G4). (70) forms were distributed to a sample of bank workers in the research sample, while the quality of financial reports was measured by the quality of accounting profits as an alternative variable for the quality of financial reports. The researcher considered the quality of the benefits that were measured through the modified (Jones 1991) model in determining the accounting profits, and the impact of the variables was shown through the use of statistical models and the simple and multiple linear regression model. After testing the research hypotheses, a set of conclusions were reached, the most important of which was that the accounting disclosure of the fundamental risks, whether economic, environmental, or social expected, that banks may be exposed to in their financial reports, which leads to making rational decisions. The research presented a number of recommendations, the most important of which are setting appropriate accounting standards for accounting disclosure via the Internet, given that the information contained in the financial reports via the Internet does not meet the needs of stakeholders and does not meet the required quality standards.