Determinants of accounting polices within the scope of accounting and reporting standards: An application in the iraqi banking sector

Financial institutions are the judge and seller of money around the world. Banks are at the head of financial institutions that direct money in ways allowed by states and within limits. Although banks operate only in the country in which they were established, they are under the watch of international investors. Financial reports in which the activities of banks, the deposits they collect, and their profits are disclosed are under the supervision of a large number of stakeholders. For this reason, the information contained in these tables must be absolutely accurate and reliable. Otherwise, stakeholders and investors will abstain from investing in these banks. International Accounting and Financial Reporting Standards have been established so that the regulation of financial statements organized by commercial enterprises as a legal obligation in different forms and content in each country as a result of the different practices between countries does not cause a complex situation for international investors and organizations. In this way, the tables are ensured to be uniform in terms of shape and content, and everyone who examines them gets the same result and makes the same comment. Banks are the institutions where accurate information is most needed. Ensuring trust in every sense is possible with financial statements organized in accordance with the rules. In this context, the subject of the research is the determination of the situations expressed by the reports before and after the implementation of International Financial Reporting Standards of Iraqi private banks. In this direction, the first part presents the concept of a private bank, other elements related to a private bank, information about private banks in Iraq. In the second section, information about International Reporting Standards is given. In the last section, the application of International Financial Reporting Standards in Iraqi private banks was examined and the data of the financial statements were compared with the International Financial Reporting Standards before. In the conclusion section, the definitions are given