Institute media
The Department of Accounting Studies at the Post-graduate Institute for Accounting and Financial Studies at the University of Baghdad discussed the research titled(Adoption of IFRS (14) Regulatory Deferred Accounts and its reflection the reliability of accounting information and audit procedures / Applied research ) for the student Zahraa Mohammed Hadi to obtain chartered accountant certificate, which is the highest professional certificate in the field of specialization, and its holder enjoys all the rights and privileges of a doctorate degree.
The study aimed to practically utilize the accounting recognition and measurement approach to adopt IFRS 14 in the research sample and demonstrate its impact on the reliability of financial statements through the use of the accounting aspect. Regarding the audit aspect, a proposed audit program was proposed for auditing regulatory deferred accounts in accordance with international auditing standards.
The study concluded that adopting IFRS 14 is essential to provide reliable financial statements to users. It also concluded that the proposed audit program should be adopted for companies implementing IFRS 14 for regulatory deferred accounts, as well as enhancing disclosure of risks associated with implementing the standard to improve understanding among financial statement users.
