Accreditation of the external auditor has a dual relative importance for enhancing sustainability requirements Exploratory study

Abstract

The research aims to identify the modern trend of relative importance, which is known as Double Materiality, and how international organizations sponsoring the accounting and auditing profession have taken care of this modern trend ,which focuses on the material effects of the economic unit on the environment ,society and stakeholders that constitute the dimensions of sustainability .to achieve the research objectives ,the researchers adopted a questionnaire that was distributed to a sample of academics and auditors numbering 152. the questionnaire consists of two sections , the first section information about the demographics of the sample and the second section consists of three axes, the first axis on the duality of relative importance and its use. The second axis is the disclosure of the auditor's professional opinion by adopting One of the most important conclusions reached is that the Dual of the relative importance of Double Materiality, its adoption enhances the fairness of disclosure of financial statements prepared by the economic unit because it takes the dimensions and trends of the environment, social and governance, and its adoption enhances the role of the auditor in expressing his opinion of compliance with international auditing standards and the economic unit's commitment to sustainability requirements