أهمية تبني معايير المحاسبة الدولية في الاقتصاد العراقي

Abstract EN

Today, Iraq's economic policy is leaning towards liberalism and openness to foreign investment.

The transition to decentralization and market economy is in process, but not without costs.

The financial and administrative system is infested with corruption at all levels, especially after the occupation in 2003.This fatal situation requires the much needed reforms of the financial system, and hereby the accounting system.

The application of international accounting standards could be one of the key factors in the development process of a multi-applicable accounting system, and the fight against corruption.

The implementation of contemporary accounting methods would not only enforce control and quality capabilities, but also the professional capacity of workers in the field of accounting and administration.

The situation requires a move towards a new accounting system, and the use of new tools to address the challenges of the current situation.

It is within the country’s interest, that the accounting system can provide relevant and up to date information, which can fulfil the needs of investors, financiers and others.