Disclosure of provisions for decommissioning costs in annual reports of oil and gas companies: A content analysis and stakeholder views

ABDO, Hafez, MANGENA, Musa, NEEDHAM, Graham and HUNT, David (2018). Disclosure of provisions for decommissioning costs in annual reports of oil and gas companies: A content analysis and stakeholder views. Accounting Forum.

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Official URL: https://www.sciencedirect.com/science/article/pii/...
Link to published version:: https://doi.org/10.1016/j.accfor.2018.10.001

Abstract

This study examines the extent of compliance with accounting disclosure requirements relating to provisions for decommissioning costs by oil and gas companies. We also investigate the views of stakeholders on the reporting practices of these companies. Using a content analysis approach, our findings reveal that compliance is substantially high, but companies tend to take a tick-box approach providing only minimum disclosure requirements. In semi-structured interviews, we find that disclosure decisions were driven by concerns about the credibility of information due to complexities in the accounting processes, regulatory requirements, lack of information demand and proprietary costs. These findings have policy implications.

Item Type: Article
Uncontrolled Keywords: 15 Commerce, Management, Tourism And Services; Accounting
Identification Number: https://doi.org/10.1016/j.accfor.2018.10.001
SWORD Depositor: Symplectic Elements
Depositing User: Symplectic Elements
Date Deposited: 16 Nov 2018 09:45
Last Modified: 16 Nov 2018 11:32
URI: http://shura.shu.ac.uk/id/eprint/23322

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