Future prospects for enhancing the role of accountant and auditor in detecting and dealing of money laundering operations in the Iraqi banking sector "Accounting Processes and Audit Procedures"

Abstract

The research focuses on highlighting the modern trends of auditing and the extent to which they contribute to the reduction and detection of money laundering in all its forms, which is considered one of the most serious economic crimes in our time because of its negative effects on the economies of the countries, as well as making some practical proposals regarding the accounting aspect of Daily restrictions on money in question or investigation concluded , The second section deals with the proposed audit and accounting procedures to limit money laundering operations, while the last section is specialized in the proposed entries to narrow the gap between the professional requirements of auditing and the requirements of money laundering laws. The conclusion in the research, among others, is that the success of accountants and auditors in actively participating in the reduction of money-laundering depends primarily on the availability of those qualifications that will enhance this effective participation in reducing this There are many trends to strengthen the role of the auditor in the processes of addressing and reducing the phenomenon of money laundering, either the recommendations were that the Iraqi Central Bank and the relevant bodies the need to create modern elements or develop the old components through the work to develop the internal control system in terms of human resources working in it And the techniques used at the level of Iraq through the development of staff working ,and the adoption of modern technologies and the introduction within the internal control system to benefit from developed countries to combat money laundering crimes and the need to strengthen the relationship between regulatory institutions such as the federal board of supreme audit & integrity and security services concerned with combating money laundering or on the level of regional , international or civilian society organizations such as a unified database with them .