Accountants in the Arab forum in Baghdad adoption of international control standards preserves public and private money

[Admin]

22/10/2016 0:00

BAGHDAD / Hussein Tgb
Audit and accountability are the foundation of building efficient economy achieves targets development sustainable, where lies all forms of manipulation that might monitor the operations of the implementation of projects and disbursements in public institutions, where the Arab Forum accounting third focused in Baghdad on the need to develop the Arab experiences in this sector and enable it to international standards governing the auditing and accounting process.

Captain accountants and auditors Dr. Rafid pendulum said that the forum, which concluded its work yesterday dealt with the Iraq experience at this juncture it is important and ranges of application of international accounting standards, pointing to the need to pay an accountant and auditor in Iraq importance that fit the size of the role it plays in the next economic management of the process, noting to the need for there to be incentives lead to perform his work professionally maintains public and private money in both sectors.

And participated in the forum that the two-day Arab delegations and local experts in the accounting was the exchange of experiences among the participants.


Guiding rules
Nawas said in an interview with «morning» that the Association of Accountants and Auditors is waiting for legislation from the House of Representatives authorizing the application of international accounting in Iraq standards, pointing out that the union has trained over the years more than 1,000 member through training courses under the supervision of regional and local experts, noting continuing to work on mainstream standards in curricula at universities, which includes colleges specializing in economic affairs.

The international standards in accounting and auditing rules guiding consulted professionals to make professional practices (accounting and audit) at a high level for the purpose of reducing the degree of difference in the expression and practice, and the criteria adopted to assess the technical quality of work and determine the nature and depth of professional responsibility, including supporting the regulatory environment through a quest to raise the degree of disclosure and transparency in financial reporting.

Transmission of expertise
International expert Amin Saleh from Lebanon eating accounting and bounces standards on financial reform, stressing the importance of the exchange of international experiences in order to increase knowledge, noting that the exchange of expertise needs to be a transition period and to the creation of human resources, noting that access to testing abbreviated transition period and earns participants new experiences of sources and be able to self-generate the necessary expertise.

Standards and repair
For his part, Dr. Khaled Mahayni accept former finance minister in the Syrian Republic adopted international accounting standards in the public and private sectors and their role in the process of economic reform.

He said that the world has witnessed great development in all economic sectors Mausa investment here increased the need for the adoption of accounting standards and ensure that the financial statements of the institutions according to international standards.

And stood at the Australian experience, which is one of the best countries in the adoption of mathematical standards, which worked to reconcile with international standards and national companies characterized by a high commitment to these standards that have contributed to the organization of courses of action in accordance with the specific plans down to the desired goal.

He said the application of standards leads to get the economic processes in real numbers
All institutions, thus ensuring the smooth flow of the direction of the budget allocations in the right direction and the safety of operations in spending.

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