Factors affecting the application of international auditing standards in Iraq-an analytical study

Abstract

This study aimed to explore the factors that affect the application of international auditing standards. It is classified into two types: internal and external. The internal factors were the soundness of the internal control systems and the application of international accounting standards. The competence and qualifications of accountants and internal auditors in Iraqi economic units; And auditors in the Financial Supervision Bureau; As for the external factors, they were represented by accounting education and research, laws and legislation regulating and influencing the accounting and auditing profession, organizations, bodies and local bodies regulating and influencing the accounting and auditing profession. Several methods were used to collect data for the study, such as questionnaires, interviews, objective data collection, and others. The study found the influence of both the studied internal and external factors on the application of international auditing standards in Iraq. The study recommended the need to emphasize the application of international accounting standards and international auditing standards in Iraq through increased qualification. The professionalism of accountants and auditors, the development of accounting education, the need to combine the academic side with the practical side, and the enactment of binding legislation to implement international accounting and auditing standards; Activating the role of organizations and bodies responsible for regulating the accounting and auditing profession in Iraq.