Challenges of Developing Governmental Accounting in Iraq and Its Future Prospects
An Analytical Study in Light of Contemporary Developments
DOI:
https://doi.org/10.71207/ijas.v21i86.4988Keywords:
Governmental Accounting – Contemporary DevelopmentsAbstract
This study examines the challenges and future prospects of governmental accounting in Iraq in light of contemporary advancements, assessing institutional readiness to adopt International Public Sector Accounting Standards (IPSAS). The originality of the research lies in integrating legislative, professional, and technical analyses, addressing the research gap caused by limited applied studies on Iraq’s governmental accounting.
The study highlights the importance of improving resource efficiency, enhancing transparency and accountability, and supporting financial and administrative reforms. Data were collected through a five-point Likert scale questionnaire and supported by official documents and reports. Advanced statistical methods (SPSS) including means, standard deviations, Pearson correlation, T-tests, and ANOVA were employed to examine relationships between variables. Results show that incomplete legislation, limited professional training, and weak technical infrastructure hinder IPSAS adoption, with varying employee competencies. Recommendations include updating legislation, enhancing training, developing technical systems, and applying IPSAS consistently to strengthen transparency and financial efficiency.
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