فهرست نشریات علمی دسترسی آزاد ایران

This research explores the differences between the Unified Accounting System (UAS) and the International Financial Reporting Standards (IFRS). Two methodologies were employed to achieve the research objective: A series of local studies highlighted deficiencies in the disclosure processes of companies operating under the local UAS. A comparative analysis of the key elements of financial statements was conducted under both UAS and IFRS, shedding light on the impact these differences have on accounting disclosure. The research findings indicate that adherence to the UAS leads to misleading financial reporting and fails to provide users with accurate, appropriate information. Furthermore, corporate governance is complicated by this disclosure gap, especially for businesses that are listed on the Iraq Stock Exchange (ISX). The absence of alignment with IFRS standards undermines transparency, potentially leading to suboptimal decision-making by investors and stakeholders in the ISX.