Governmental Financial Reporting in Iraq: Reality and Obstacles Field Study of the Views of a Sample of Government Accountants and Auditors in the Supreme Audit Board
2011, Volume 33, Issue 102, Pages 162-182
AbstractFinancial information acquired is provided by the accounting units in general and the government in particular. They have exquisite importance according to the needs for information based on their circumstances and make various decisions affecting large groups of the society. Therefore, the quest towards providing such information as that meets these needs and the general quality required is a major target of the units of accounting in general, and weakness in the performance of its role in this field. This makes it lose the major role of the events for public accountability regarding the economic resources on the one hand, and contributing the rationalization of political and economic decisions on the other. In this context, the current research aims at identifying the reality of the financial reporting practices of the government in Iraq, in order to identify the strengths and weaknesses that describe the nature of this reality. The search for the obstacles limited the developing process and contributes to the performance of its major role on the other. Two main hypotheses were adapted; they are relevant to test variables and the possibility of research and relations. The study has concluded a set of research findings to confirm the need for government financial reporting of development, as well as a large volume of the obstacles that stand in the process.
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