The Extent of IAS Relevance for Iraqi Companies Environment Comparing With US and UK Financial Accounting Standards

Abstract

This research aims to identify the results to be faced by Iraq as a result of his adopting and applying international accounting standards, and whether international accounting standards appropriate to the environment of a developing country like Iraq? Or are they fit the environment of developed countries? the theoretical side covered through a literature review of accounting to identify the international accounting standards and those working on the issued and has been issued so far, The researcher reached to the conclusion that the application of these accounting standards reduces inconsistencies mechanisms accounting treatments and this is positive by itself , and all thesee results will not know with certainty till Iraq begins adopting and applying international accounting standards.