Measuring the transparency of financial reporting to Iraqi companies according to the S&P scale

Measuring the transparency of financial reporting to Iraqi companies according to the S&P scale

Measuring the transparency of financial reporting to Iraqi companies according to the S&P scale

Dr.Talal Mohammed Ali Aljjawi, Iman Jawad Ahmed Al – Khafaji

THE IRAQI MAGAZINJE FOR MANAGERIAL SCIENCES
2018, Volume 14, Issue 55, Pages 1-21

Abstract

The research aims to sensitize and educate participating companies listed in the Iraq Stock exchange, shareholders and stakeholders about the importance of transparency in financial reporting by using an S&P scale indicators. In addition to the use of S & P indicators to analyze the content of the annual financial reports of a sample of listed companies in the Iraqi market for securities to know the extent of their commitment to transparent financial reporting on its various activities. The results of the research showed that the level of commitment of the Iraqi companies (sample research) to transparency in financial reporting is weak and constitutes 37.75% for the weak reporting of most indicators. The reason for this weak ratio is that the Standard S & P includes paragraphs and axes not disclosed by Iraqi companies in their reports the annual shares are final because the participating companies listed in the Iraqi market for securities disclose the information provided by the laws and these items are not provided for by any law.