The Department of Accounting Studies at the Post-graduate Institute for Accounting and Financial Studies at the University of Baghdad discussed the research titled(Disclosure of economic indicators for sustainability reports in accordance with the standards of the Global Reporting Initiative (GRI) and its impact on audit procedures in the oil and gas sector -Applied research)) for the student Abdulkhaleq Issa Othman to obtain chartered accountant certificate, which is the highest professional certificate in the field of specialization, and its holder enjoys all the rights and privileges of a doctorate degree.
The study aimed to study the disclosure of economic indicators for sustainability reports in accordance with the standards of the Global Reporting Initiative (GRI), with a focus on the (GRI-11) standard for the oil and gas sector and its role in supporting and enhancing the transparency of disclosure of the core topics of sustainability reports for the oil and gas sector, and its reflection on audit procedures in this sector. To achieve this, the research relied on the method of content analysis of financial reports and the Board of Directors’ report when measuring and testing the level of disclosure of requirements for economic indicators and the core topics of sustainability reports in the oil and gas sector and devising proposed audit procedures in accordance with the Global Reporting Initiative (GRI) standards and the (GRI-11) standard. Choosing the Basra Oil Company to apply the practical aspect and prove the research hypotheses.
The study reached to found a decrease in the overall evaluation rate for the level of commitment of the Basra Oil Company (research sample) to disclosure of the economic standards of the Global Reporting Initiative (GRI) by (18.40%), in addition to the discrepancy in the level of disclosure of economic indicators for sustainability reports according to the (GRI) standards.
