The Role of Preparing Integrated Reports in Improving the Quality of Information Content of Financial Reports

A Survey Study of the Opinions of a Sample of Financial Officials in Some Economic Units in the Kurdistan Region-Iraq

Abstract

 The aim of the study was to investigate which creating integrated reports—which include financial reports, management commentary, governance reports, intellectual capital reports, Global Reporting Initiative (GRI) standards and indicators, and more—affects and is related to enhancing the informational content of financial reports. To answer the study questions and hypotheses pertaining to the theoretical framework, a descriptive-analytical technique was used. In the field study, questionnaires became the main research tool, and data were analyzed using SPSS software. A sample of business report preparers and external auditors from 12 companies in the Kurdistan region of Iraq got these after they were verified by specialists. The findings revealed that integrated reporting significantly contributes to a comprehensive perspective that combines financial and non-financial performance, enabling a holistic view of an organization’s performance and future value. It integrates traditional financial data with sustainability, human, social, and environmental capital information, adding critical insights that enhance trust in financial reports.The study recommended developing specific standards and guidelines for integrated reporting tailored to the business environment, aligning with global efforts to ensure transparency and consistency across economic entities. It also emphasized raising awareness and improving the use of integrated reports in economic activities through partnerships and practical workshops aimed at enhancing the informational quality of financial reports and encouraging the adoption of integrated reporting.