Document Type : Research Paper
Abstract
The function of international financial reporting represents an appropriate tool for the development of the global economy and supports the endeavor of economic units to diversify sources of financing and internationalize their investments, and that the standards of financial reporting stem from the conceptual framework of international financial accounting, the consensual joint between FASB-IASB.Iraq's quest to obtain external financing from the International Monetary Fund and the World Bank made it in front of the requirements of upgrading the accounting profession at the local level to rise to the international level by obligating economic units to apply international financial reporting standards. The quality of financial reporting and the reduction of earnings management practices.
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