Research Repository

Disclosure of Decommissioning Costs Provisions in Annual Reports of Oil and Gas Companies: A Content Analysis and Stakeholder Views

Adbo, H and Mangena, M and Needham, G and Hunt, D (2018) 'Disclosure of Decommissioning Costs Provisions in Annual Reports of Oil and Gas Companies: A Content Analysis and Stakeholder Views.' Accounting Forum. ISSN 0155-9982

[img] Text
DecommPaper 04.10.2018 Accepted version.pdf - Accepted Version
Restricted to Repository staff only until 11 April 2020.
Available under License Creative Commons Attribution Non-commercial No Derivatives.

Download (293kB) | Request a copy

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: Disclosure decisions; Compliance; Decommissioning costs; Factors of disclosure; International accounting standards, Oil and gas sector
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Elements
Date Deposited: 17 Oct 2018 11:01
Last Modified: 17 Oct 2018 11:15
URI: http://repository.essex.ac.uk/id/eprint/23266

Actions (login required)

View Item View Item