The Extent of social Responsibility Disclosure In Saudi Corporate Financial Reports: A Field Study
Keywords:
Accounting Disclosure, Social Responsibility, Saudi Corporations, environmental pollution.Abstract
This paper aims at identifying the extent of disclosure of Saudi corporations concerning their social responsibility in their financial reports. The population of the study consists of all Saudi corporate companies, totaling (170), and the sample of the study includes (384) respondents (accountants, financial auditors, financial analysts) in the financial departments in these companies.
The most significant results of the study show that Saudi corporations have high level disclose of their social responsibilities in their financial reports with regard to the protection of the environment. It also revealed that they have high level of disclosure of social responsibilities in their financial reports with regard to the bylaws and laws of protection of the environment.
In light of the above results, the researchers propose some recommendations, the most important of which are: it is necessary for Saudi corporations to disclose the rewards and incentives of employees highly distinguished in pro-environment activities, to disclose the bylaws and legislative regulations related to pollution control, reduction or disposal showing their cost, and to assign specific financial allocations for emergency social matters.
