Evaluate the level of disclosure of segment information in accordance with accounting standards Applied study for a sample of companies operating in the Kurdistan Region

Abstract

This study aims to identify the level of disclosure of segment information in the annual financial reports of a sample of companies, operating in Kurdistan Region for the period 2012-2016, through the use of an index prepared in accordance with the requirements of IFRS 8. The study is concluded with several results, the most important of which is the Low level of disclosure of the segmental information of the sample companies during the mentioned period. The study comes out with a number of recommendations, most important of which is stating the necessity of the sample companies to commit to all the requirements of segment information disclosure which comply with the International Financial Reports Regulations-IFRS (8), Since the disclosure presents detailed, information about the performance results of the companies' segments, Iraqi Council of Audit and Control Standards should publish a special auditing database dealing with preparation of segment financial reports, highlighting the detailed needs of preparing reports complying with IFRS-8.