Resumen de The Effect of Audit Committee Effectiveness on Corporate Sustainability Reporting Practices: Empirical Evidence from Iraqi Listed Industrial Companies

Ameer Saheb Shaker, Murtadha Ibrahem Maki, Ali Mohammed Jaber Aboalriha

• Purpose: The aim of the study is to investigate the relationship between audit committee effectiveness and corporate sustainability reporting practices in Iraqi listed industrial companies.

    Theoretical framework: The study would likely draw on several relevant theoretical perspectives, including agency theory and stakeholder theory.

    Design/methodology/approach: The study is quantitative and empirical in nature, using a survey research design to collect data from a sample of 50 manufacturing companies listed on the Iraq stock exchange.

    Findings: The results showed that all dimensions of audit committee effectiveness had a positive and significant impact on economic and social indicators of sustainability reporting. Additionally, three dimensions of audit committee effectiveness had a positive and significant impact on environmental indicators, while independence of the audit committee had a positive impact but was not significant.

    Research, Practical & Social implications: The study highlights the need for companies to prioritize the composition and effectiveness of their audit committees to improve sustainability reporting practices, which can have practical implications for management and broader social implications for sustainable development in Iraq.

    Originality/value: The study suggest that effective audit committees can play an important role in promoting sustainable business practices and enhancing transparency and accountability in corporate reporting. The study provides empirical evidence on the importance of audit committee effectiveness in driving sustainability reporting practices and highlights the need for companies to prioritize the composition and effectiveness of their audit committees to improve sustainability reporting.