IFRS IN IRAQ

IFRS in Iraq

IFRS in Iraq

Introduction

The international financial reporting standards, best known in the accounting profession and financial under their English name of International Financial Reporting Standards or IFRS are standards accounting, developed by the Office of International Accounting Standards (International Accounting Standards Board or IASB in English) for companies listed or involving investors in order to harmonize the presentation and clarity of their financial statements.

The logic of these standards is based on Accounting few points (sometimes diverging from the French accounting law) in particular the option of upgrading to the fair value of assets and liabilities, the primacy ...