دور الإبلاغ المالي في تطبيق مبادىء بازل للحوكمة في المصارف العراقية : منظور تقويمي

الملخص EN

Corporate governance (CG) can be viewed as structures directing the operations and overseeing the economic entities.

It sets out the distribution of rights and responsibilities among stakeholders in an economic entity (including shareholders, members of board of directors, and managers), and describes the rules and procedures to make entity's decisions.

Thus, governance provides a structure to define, implement and monitor objectives of the economic entity, and to ensure accountability to the related stakeholders.

Entities committed to good CG implement efficient practices by board of directors and on the basis of maintaining effective internal control, transparent disclosure, and to clearly identify its shareholders rights.

This paper aims at highlighting important concepts of Basel governance principles (BGP) to develop Iraqi banks as a base for banking reform.

The paper is based on a hypothesis contends that, "no requirements of the third version of BGP and international financial reporting standards (IFRS), are provided by financial reporting and CG rules practiced by Iraqi banks".

Conclusions of most importance are: (1) commitment of Iraqi banks to implement BGP is weak, despite the existence of articles in Iraqi laws and regulations that regulate the relationship with CG, although an explicit reference to governance had not been made by those laws.

Instructions (4) 2010, also referenced to the application of governance in Chapter twenty four, Article (62), as well as some convergence of these instructions with the third version of BGP.

(2) Number of International Accounting Standards (IAS) and IFRSs had been modified to enhance governance mechanisms, such as the IAS [1] about the increase in responsibility of the Board of Directors on the disclosure of capital management; IAS [24] about reporting on related parties; and IFRS [7] about the disclosure of financial instruments and the nature and extent of these instruments' risks; and IFRS [9] which regulates accounting treatment of financial instruments.

In the context of comparison to the Iraqi environment one can notes a lack of Iraqi rules that correspond to those standards, this may indicates that a gap exists which negatively affects the acceleration stages of banking reform in Iraq.

"Key words: Corporate governance, Basel governance principles (BGP), international accounting standards (IASs), international financial reporting standards (IFRSs).