TO WHAT EXTENT ACCOUNTING EDUCATION PROCESS IN IRAQ AGREE WITH THE INTERNATIONAL ACCOUNTING EDUCATION STANDARDS

Abstract

Iraq faced major economic changes after 2003. The most important of which, integration into
the global economy, and the entry of many foreign companies to it, especially in the field of
oil industries. As a result, many new requirements have emerged, among them, the
availability of local accounting staff who capable of meeting the needs of foreign companies,
besides the local companies. The current research has focused on the first step to assess the
eligibility and competency of the local accounting staff by determining the gap between the
abilities and merit of the accounting education graduates in Iraq and the international
accounting education standards. We used questionnaire to achieve this purpose. The
questionnaire was distributed to three groups: students, teachers and employers, which
together form the views of the parties involved in the educational process in Iraq. The
analysis of the questionnaire showed the approximate gap in each of the first four standards
of international accounting education standards.