Evaluation of The Role of The Federal Financial Management Law in providing requirements for the application of IFAC- IPSAS standards in Iraqi government units

Abstract

The research aims to evaluate the role of the Federal Financial Management Law in providing the requirements for applying IPSAS-IFAC standards in Iraqi government units. The research relied on the descriptive analytical approach by studying the analysis of the articles of the paragraphs of the Federal Financial Management Law to demonstrate its role in providing the requirements of the above-mentioned standards. The research reached a number of conclusions, the most important of which are: The Federal Financial Management Law does not contribute to providing the requirements for applying the Iraqi IPSAS-IFAC international accounting standards due to its reliance on the modified cash basis in accounting for the expenses and revenues of government units and its failure to rely on the accrual basis. In addition to the restrictions it placed on the contractual capacity of government units and their authority to exploit their resources, which limits their financial independence.