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The Department of Accounting Studies at the Post-graduate Institute for Accounting and Financial Studies at the University of Baghdad discussed the research titled(The Role of Adopting International Financial Reporting Standard (IFRS15) in the Operating Results of companies and Its Reflection on Auditing Procedures: An Applied Research ) for the student Qusay Munaim Ali 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.
This study aimed to demonstrate the role of adopting International Financial Reporting Standard (IFRS 15), “Revenue from Contracts with Customers,” in Iraqi government construction companies as an alternative to the unified accounting system. To achieve the research objectives, the contracts of Ashur General Contracting Company were selected as the study population, and the research sample consisted of eight contracts from the company, spanning multiple financial periods.
The study concluded that it is necessary to mandate the adoption of IFRS 15, “Revenue from Contracts with Customers,” by both public and private contracting companies, and to update their accounting systems to ensure the quality of financial reporting and enhance transparency
