More than 500 Iraqi accountants recently received training in International Accounting Standards, and publication of Iraq's academic accounting journal has resumed, with assistance from a U.S. program.
The U.S. Agency for International Development's Izdihar Project is a three-year plan designed to promote economic growth and prosperity for Iraqis in partnership with the Iraqi private sector and government.
This month, Izdihar accounting experts completed teaching an intensive seven-week training program with the support of the Iraq Union of Accountants and Auditors, the country's leading accounting and auditing professional association with 21,000 members. Each of the 558 participants received 66 hours of classroom training from one of 25 Iraqi senior accounting and auditing professionals.
At the end of the course, participants were required to take a final exam, indicating an understanding of world-class accounting standards. Improvement in accounting standards is a requirement for entering the World Trade Organization.
Also, The Journal of the College of Administration and Economy, not published since 2003, will again be produced by a major Iraqi university and distributed to accountants and auditors in Iraq and throughout the Middle East. The journal will continue to cover topics essential to the working of a market economy, including accounting theories, statistical analyses of financial issues, and research on management and decision-making.
More information on Izdihar's programs is available at www.izdihar-iraq.com/ .
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