The possibility of Applying International Accounting Standards in the Public Sector (IPSAS) in the Iraqi Government Accounting System: Exploratory Research for the Opinions of Accountants at the University of Al-Muthanna
DOI:
https://doi.org/10.26668/businessreview/2022.v7i2.461Keywords:
IPSAS Standards, Government accounting System, Al-Muthanna UniversityAbstract
Purpose: This paper aims to use such standards to contribute to strengthening the accounting profession at the global level and provides financial disclosure that is easy to understand, treat and deal with, and hold government officials accountable for its basis.
Theoretical Framework: Rapid developments in the field of information technology and the trend toward global trade relations imposed the use of new tools to address the government accounting system applied in Iraq to improve the quality of financial information. In addition, reducing the manipulation of public money and rationalize the state's economic policies.
Design/Methodology/Approach: To achieve the research objectives, a questionnaire was designed and Distributed to an intentional sample of accountants, whose number reached (60) accountants.
Findings: The findings show the importance of IPSAS standards in presenting financial reports to help accountants obtain them quickly and thus achieve the efficiency and effectiveness of accounting work, correcting and strengthening decisions and ensuring their effectiveness systems.
Research Practical& Social implication: The contribution of our paper relies on investigating the General Accounting System (IPSAS) in the government accounting system in the field through doing a survey of the opinions of specialists at the University of Al-Muthanna as a field for conducting research, as well as an indication of the adequacy of laws, legislation and principles that regulate government accounting to ensure good practice of ( IPSAS ) standards.
Implications/Originality/Value: the possibility of applying international accounting standards in the public sector to its accounting systems.
Downloads
References
Abu Ali, Hussam Saleh, Governmental Accounting According to International Accounting Standards in the Public Sector, Amman, Jordan, first edition, 2016.
Al-Hassani, Waad Hadi Abd, Al- Aagebi, Aqil Dakhil Karim, Al-Mousawi, Hanan Abdel-Amir Kazem, Basics of Government Accounting / Theory Foundations and Practical Applications, Amman, Jordan, first edition, 2022.
Al-Jaarat, Khaled Jamal, Implementation of International Accounting Standards for the Public Sector, International Forum on Accounting Standards ( IPSAS, IAS, IFRS ) in activating institutions and governments, Algeria, on November 24-25, 2014.
Al-Jaarat, Khaled Jamal, International Accounting Standards in the Public Sector (IPSAS), Amman, Jordan, 2018.
Al-Muhtadi, Sawsan Zuhair, Governmental Accounting and Audit Mechanisms in the Public Sector, Zahran Publishing and Distribution House, Amman, 2016.
Benito B., Brusca I. and Montesinos V, The harmonization of government financial- information systems: The role of the IPSASs, International Review of Administrative Sciences73 (2), 2007
Hana, Gabi Amina, the Impact of Adopting the International Public Sector Accounting Standards (IPSAS) on the Public Accounting System in Algeria, PhD Thesis, 2019.
IFAC, IPSASB Framework for General Purpose Financial Reporting by Public Sector Entities: Elements and Recognition in Financial Statements. 2010.
International Federation of Accountants, Publications of International Accounting Standards for the Public Sector, Part One, translated by the Arab Society of Certified Accountants, Talal Abu-Ghazaleh Organization, Amman, 2010.
Jens Heiling, Basics of IPSAS and IPSASB’s Conceptual Framework, Ernst & Young Germany, Brussels, May 13, 2016
Mukhtar, Mohamed Ahmed Abdullah, Governmental Accounting Theory and Practice, Sudan, Khartoum, 2018
Rossana Guerra de Sousa et al., Accrual Basis Accounting in the Brazilian Public Sector: Empirical Research on the Usefulness of Accounting Information, R. Cont. Fin. USP, São Paulo 24 (63), 2013.
Thomas Muller-Marques Berger, Ernst & Young, IPSAS Explained: A Summary of International Public Sector Accounting Standards, John Wiley and Sons, second edition, 2012.
Wedian, Louay Muhammad Abdul-Rahman and Al- Hadarb, Zuhair, Governmental Accounting, Amman, Jordan, first edition, 2010.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Bushra Hassan Mohamed El-Toby , Akeel Dakheel Kareem, Waad Hadi Abd
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Authors who publish in this journal agree to the following terms: the author(s) authorize(s) the publication of the text in the journal;
The author(s) ensure(s) that the contribution is original and unpublished and that it is not in the process of evaluation by another journal;
The journal is not responsible for the views, ideas and concepts presented in articles, and these are the sole responsibility of the author(s);
The publishers reserve the right to make textual adjustments and adapt texts to meet with publication standards.
Authors retain copyright and grant the journal the right to first publication, with the work simultaneously licensed under the Creative Commons Atribuição NãoComercial 4.0 (http://creativecommons.org/licenses/by-nc/4.0/), which allows the work to be shared with recognized authorship and initial publication in this journal.
Authors are allowed to assume additional contracts separately, for non-exclusive distribution of the version of the work published in this journal (e.g. publish in institutional repository or as a book chapter), with recognition of authorship and initial publication in this journal.
Authors are allowed and are encouraged to publish and distribute their work online (e.g. in institutional repositories or on a personal web page) at any point before or during the editorial process, as this can generate positive effects, as well as increase the impact and citations of the published work (see the effect of Free Access) at http://opcit.eprints.org/oacitation-biblio.html