Environmental disclosure in light of environmental legislation and its impact on the quality of financial statements.

An applied study on companies in the Libyan cement industry sector.

Abstract

The main objective of this study is to know the impact of environmental legislation related to environmental disclosure on the quality of financial statements in Libyan cement companies. To achieve the objectives of the study, the descriptive analytical approach was used, and a number of forms were distributed to the financial and auditing departments, and a number of (83) forms were received from (90).

The study reached several results, the most important of which are: The study showed a positive, significant and statistically significant relationship. Environmental legislation related to environmental disclosure improves the quality of financial statements in Libyan cement companies, and based on the results of the study, the researcher recommended the need to ensure the inclusion of sufficient and binding texts for the disclosure of environmental information in Libyan cement companies. Libyan environmental laws and legislation, in addition to relying on environmental accounting standards that help cement companies disclose their environmental information.