Empirical analysis reveals independence between sustainability reporting and audit opinions in agricultural enterprises, indicating limited enforcement of sustainability disclosures.
The auditor’s opinion on the operations of agricultural companies in the Republic of Serbia, conditional on reporting on sustainable development, is the topic of this paper. Although reporting on sustainable development is a legal obligation, its absence does not affect the audit opinion. The aim of this paper is to confirm the independence of the audit opinion on sustainable development reporting. The research was conducted on a sample of agricultural enterprises in a three-year period. The audit opinions of those companies and “Annual business reports”, were analyzed. The reports lack quantitative indicators of sustainability and they are primarily descriptive. The Fisher test confirmed the independence of the audit opinion and reporting on sustainable development. The research confirmed that the transparency of investment in sustainable development still does not significantly influence the audit opinion. A proposal was made on how reporting on sustainable development can be improved, within the institutional framework that will impose reporting obligations, and within the reporting of agricultural enterprises.
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Stojić et al. (2025) studied this question.
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