THE UNIVERSITY OF BASRAH ORGANIZES A PANEL DISCUSSION ON THE IMPACT OF FINANCIAL REPORTING STANDARDS AND INSTITUTIONAL FACTORS ON ACCOUNTING CONSERVATISM
The Accounting Department at the College of Administration and Economics organized a panel discussion on Tuesday 27/12/2022 on the impact of financial reporting standards and institutional factors on accounting conservatism.
The panel discussion which was moderated by the Head of the Accounting Department Dr. Elham Al-Shawi, and attended by Assist. Prof. Dr. Suhail Abdullah Nasser, aimed to increase awareness and culture in the accounting aspect and recent developments.
The panel discussion included a discussion of the accounting literature that dealt with the subject since the beginning of the new millennium in the countries of the European Union, the United States, Canada and the Asian continent until now.
The panel discussion recommended supporting the project for adopting International Financial Reporting Standards (IFRS) in the Iraqi industry sectors that are permitted by state laws, in order to attract foreign investments and gain the confidence of the international community to expedite the rebuilding of infrastructure, continue development and complete stalled mega projects in cooperation with accredited foreign giant companies like the neighboring countries.