The Impact of Application of International reporting Standards on the Reporting of the Key Audit Matters

Authors

  • SAHAR Y. SAHIB
  • KHAWLA H. HAMDAN

Keywords:

IFRS, Reporting standards, Key audit matters (KAM), Iraq.

Abstract

This research examined how the implication international financial reporting standards (IFRS) are related to the main audit aspects in the report of the auditor. The application of these standards could help many essential matters appear. In the report of auditor, these matters are to be disclosed. However, the current Iraqi auditor report does not include any clarifications to users on how to deal with these matters as a result of not applying auditing standard No. (701) accordingly.

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References

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Bakker, Erwin, Rands, Edward, Balasubramanian, T.V, Unsworth Candice, Chaudhry, Asif, Merwe. V.D, Minette, Coetsee, Danie, Varugese, Santosh, Johnstone, Chris, Yeung, Paul. Interpretation and Application of international financial reporting standards, Wiley & Sons, Inc, 2017.

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Zehri. Fatma, Chouaibi, Jamel, Adoption determinants of the International Accounting Standards IAS/IFRS by the developing countries, Journal of Economics, Finance and Administrative Science, vol: 18, alsevier ,2013.

KPMG, Insights into IFRS A practical guide to International Financial Reporting Standards, 2015.

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Published

2021-06-30

How to Cite

SAHIB, S. Y. ., & HAMDAN, K. H. . (2021). The Impact of Application of International reporting Standards on the Reporting of the Key Audit Matters. The Journal of Contemporary Issues in Business and Government, 27(3), 2104–2112. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/1817

Issue

Vol. 27 No. 3 (2021): The journal of contemporary issues in business and government

Section

Articles

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