Author: Faisal Alani

The role of the auditor in adhering to international professional audit standards in conducting the audit and the need for adequate professional care in early detection of the potential for financial failure in economic units and the disclaimer of responsibility to the relevant parties in accordance with the agency’s theory as entrusted to them to assess the continuity of economic units in economic activity.      The Sherrod model has been applied to predict the company’s financial failure in the field of research by relying on six major financial ratios for the period 2014 to 2019 the study found that there is a major role for the auditor in early detection of the possibilities of financial failure and Processing financial problems and stumbles in a timely manner in proportion to the development of the economic activity of the company field of research in particular and economic development in the country in general https://www.neuroquantology.com/media/article_pdfs/757-765.pdf

The research aims to know the role that the external auditor plays in obligating investment companies to disclose financial information in their final reports in accordance with international accounting standards. this is done by conducting analytical tests for reports and the annual and interim lists of a sample of Iraqi investment companies listed on the Iraq Stock Exchange, represented by (Al-Amin Investment, Al-Batik Investment, Bain Al-Nahrain Investments, Al-Wiam Investments, Al-Zawra Investment) for the fiscal years (2016-2017-2018) and by analyzing the answers to the questionnaire distributed on research sample individuals.https://www.neuroquantology.com/media/article_pdfs/741-756.pdf The most important finding of the research is that international accounting standards are one of the most important rules that are required to be adhered to by Iraqi companies for the purpose of achieving transparency in the process of disclosure and reporting of accounting information. As well as a clear discrepancy in the process of applying international accounting standards between Iraqi investment companies as a result of the lack of means and procedures that obligate them to apply. The most important thing recommended by the research is the necessity of activating the supervisory role of the bodies and auditors in order to increase pressure on Iraqi companies for the application of financial reporting standards like the rest of the other sectors. As well as educating Iraqi companies on the importance of international accounting standards due to their relevance to their various accounting activities.