Iraq flag Iraq: Entorn econòmic

Comptabilitat a l'Iran

Accounting Rules

Tax Year
The fiscal year begins on January 1st and ends on December 31 of the same year.
Accounting Standards
The Iraqi Company Law No. 21 of 1997 establishes financial reporting requirements in Iraq. According to the Law, all companies must apply IFRS or IFRS for Small and Medium-sized Enterprises. Full IFRS are required to be used by companies whose securities are publicly traded, private banks, private shared companies; and consultancy companies.
The Iraq Interim Law on Securities Markets (adopted 18 April 2004) requires IFRSs for all companies listed on the Iraq Stock Exchange.
Accounting Regulation Bodies
Iraqi General Commission for Taxes
Accounting Reports
Balance sheet and profit and loss account.
Publication Requirements
Registered entities must prepare annual financial statements, with IQD as the accounting currency, in accordance with the Iraqi Uniform Accounting System, and in Arabic.
Professional Accountancy Bodies
Iraqi Union of Accountants and Auditors
Certification and Auditing
You can contact an external auditor, like Deloitte, KPMG and PwC.
Accounting News
IAS Plus - Iraq

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Actualitzacions: April 2022

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