Banking reform the beginning of economic revival

22/10/2016 0:00

BAGHDAD / morning
Issued by the Union of Arab Banks book «banking reform first step of economic reforms in Iraq» researcher and economist Samir Abbas Nasiri.

Author seeks by its author to keep up efforts to achieve reform seriously and actively in the Iraqi banking sector economic developments.

The book includes a reformist project integral to the banking sector is based on the study and analysis of the reality of the banks in the current economic circumstances, and reviews Alnasiri in his book Crisis and Opportunity and the first steps of economic reforms and the development of the private sector, a key pillar of economic reform, and the strategies of national security.
It deals with the writer to the proposed operational requirements for the program of financing small and medium enterprises and the role of media in economic reform, along with banking and human resources development and the promotion of Islamic banking.

He praised the secretary general of the Union of Arab Banks, the book, which includes 21 chapters in 173 pages, saying: This book is the result of the efforts of distinctive and accumulated researcher Samir Nasiri is the starting point for officials and professionals, researchers, economists and bankers to benefit from the incorporation of curriculum reform that brings the Iraqi banking sector to its leadership and its role actor in the promotion of the national economy. Fattouh, described the book as a typical banking as a teacher are strong, experience and tradition and good efficiency.

He said the secretary-general of the Union of Arab Banks Union welcomes the efforts that the researcher Samir Abbas Alnasiri flowing in this direction and encourages all constructive ideas for Iraq remains the most attractive for investment and chief rival in the Arab and international financial markets of the country.

The author shares prepare and issue more than 50 study the economic and banking and search, as well as many economic articles, also contributed to the preparation of training programs and lecturing workers in the government and private banks in the banking training center for employees.

http://www.alsabaah.iq/ArticleShow.aspx?ID=125238

22/10/2016 0:00

Arabs in Baghdad accountants forum
BAGHDAD / morning

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 needed to create the 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 criteria, which has 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.


http://www.alsabaah.iq/ArticleShow.aspx?ID=125234