Non-financial information in IBEX35: Comparison of voluntary vs compulsory elaboration and assurance

Purpose: Large companies are used to elaborating and verifying non-financial information voluntarily. In Spain, it is compulsorily required after Law 11/2018. These new compulsory requirements have led us to study how the previous voluntary practices have been modified and if there is a connection b...

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Autores principales:	Esther Ortiz, Iryna Didychuk
Formato:	article
Lenguaje:	CA EN ES
Publicado:	OmniaScience 2021
Materias:	non-financial information, assurance, auditing, gri, law 11/2018, ibex 35 General Works A
Acceso en línea:	https://doaj.org/article/3538d665f06e4269bf09b2d41cda50cf
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spelling	oai:doaj.org-article:3538d665f06e4269bf09b2d41cda50cf2021-11-08T18:26:36ZNon-financial information in IBEX35: Comparison of voluntary vs compulsory elaboration and assurance1697-981810.3926/ic.1758https://doaj.org/article/3538d665f06e4269bf09b2d41cda50cf2021-09-01T00:00:00Zhttps://www.intangiblecapital.org/index.php/ic/article/view/1758https://doaj.org/toc/1697-9818Purpose: Large companies are used to elaborating and verifying non-financial information voluntarily. In Spain, it is compulsorily required after Law 11/2018. These new compulsory requirements have led us to study how the previous voluntary practices have been modified and if there is a connection between the auditing and providing assurance company. Design/methodology/approach: The studied sample compiles companies listed on IBEX 35 in 2018 to analyze the first year of application of Law 11/2018, 2018, and the previous one, the year 2017, when this information was voluntarily disclosed. We have created a database with features of non-financial information to carry out a descriptive analysis segmenting the sample by year, cross tables and chi-square tests. Findings: Big Fours are the companies that provide assurance of non-financial information as well as audit the financial information of listed companies. Law 11/2018 has not implied important changes for the IBEX 35 companies because what was compulsorily required at first was previously voluntarily done, i.e. the majority of companies have already applied GRI (Global Reporting Initiative) standards when it was voluntary and also when compulsory and they keep including non-financial information in the management report. It has been also checked that auditing and providing assurance firms are specialized by sectors. Originality/value: Currently there is an intense discussion about the future of non-financial information regulation in Europe. The expected changes will affect the Spanish regulation as a Member State. It is a need to contextualize the starting point.Esther OrtizIryna DidychukOmniaSciencearticlenon-financial information, assurance, auditing, gri, law 11/2018, ibex 35General WorksACAENESIntangible Capital, Vol 17, Iss 2, Pp 91-107 (2021)
institution	DOAJ
collection	DOAJ
language	CA EN ES
topic	non-financial information, assurance, auditing, gri, law 11/2018, ibex 35 General Works A
spellingShingle	non-financial information, assurance, auditing, gri, law 11/2018, ibex 35 General Works A Esther Ortiz Iryna Didychuk Non-financial information in IBEX35: Comparison of voluntary vs compulsory elaboration and assurance
description	Purpose: Large companies are used to elaborating and verifying non-financial information voluntarily. In Spain, it is compulsorily required after Law 11/2018. These new compulsory requirements have led us to study how the previous voluntary practices have been modified and if there is a connection between the auditing and providing assurance company. Design/methodology/approach: The studied sample compiles companies listed on IBEX 35 in 2018 to analyze the first year of application of Law 11/2018, 2018, and the previous one, the year 2017, when this information was voluntarily disclosed. We have created a database with features of non-financial information to carry out a descriptive analysis segmenting the sample by year, cross tables and chi-square tests. Findings: Big Fours are the companies that provide assurance of non-financial information as well as audit the financial information of listed companies. Law 11/2018 has not implied important changes for the IBEX 35 companies because what was compulsorily required at first was previously voluntarily done, i.e. the majority of companies have already applied GRI (Global Reporting Initiative) standards when it was voluntary and also when compulsory and they keep including non-financial information in the management report. It has been also checked that auditing and providing assurance firms are specialized by sectors. Originality/value: Currently there is an intense discussion about the future of non-financial information regulation in Europe. The expected changes will affect the Spanish regulation as a Member State. It is a need to contextualize the starting point.
format	article
author	Esther Ortiz Iryna Didychuk
author_facet	Esther Ortiz Iryna Didychuk
author_sort	Esther Ortiz
title	Non-financial information in IBEX35: Comparison of voluntary vs compulsory elaboration and assurance
title_short	Non-financial information in IBEX35: Comparison of voluntary vs compulsory elaboration and assurance
title_full	Non-financial information in IBEX35: Comparison of voluntary vs compulsory elaboration and assurance
title_fullStr	Non-financial information in IBEX35: Comparison of voluntary vs compulsory elaboration and assurance
title_full_unstemmed	Non-financial information in IBEX35: Comparison of voluntary vs compulsory elaboration and assurance
title_sort	non-financial information in ibex35: comparison of voluntary vs compulsory elaboration and assurance
publisher	OmniaScience
publishDate	2021
url	https://doaj.org/article/3538d665f06e4269bf09b2d41cda50cf
work_keys_str_mv	AT estherortiz nonfinancialinformationinibex35comparisonofvoluntaryvscompulsoryelaborationandassurance AT irynadidychuk nonfinancialinformationinibex35comparisonofvoluntaryvscompulsoryelaborationandassurance
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Non-financial information in IBEX35: Comparison of voluntary vs compulsory elaboration and assurance

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