SUSTAINABILITY REPORTING PRACTICES OF IRAQI FIRMS: AN EXAMINATION OF COMPLIANCE WITH SASB STANDARD (CN0602) IN THE PERSONAL AND HOUSEHOLD PRODUCTS INDUSTRY

Abstract

The current study aims to clarify the philosophical dimension and theoretical framework of sustainability accounting, explain the regulatory frameworks of sustainability accounting, its dimensions, and philosophical standards, and demonstrate the impact of applying sustainability accounting standards on developing accounting systems and improving the quality of issued reports, especially sustainability reports.

The problem of the study lies in the fact that the local accounting systems applied in the Iraqi economic units lack commitment to sustainability accounting standards, and there is a discrepancy in the level of commitment of the Iraqi economic units to the issuances of sustainability accounting standards SASB.

The study found that there are challenges facing economic units when preparing and disclosing sustainability reports. Through the variation in the content of the annual reports issued by the research sample companies in terms of form, content, and method of disclosing sustainability information.

  The study recommended the need to address the challenges facing economic units when reporting sustainability information, such as the content of the annual reports issued by the companies sampled in the study in terms of form and content. Content, and the need to hold periodic meetings for members of the Iraq Stock Exchange, supervisory and regulatory bodies, and companies to find solutions to the obstacles that prevent these units from preparing sustainability reports in their annual reports