Purpose: This Study aims to test the impact of financial accounting on the decision made by business managements. As well as to analyse the relation among the business management decision and the financial accounting.   Theoretical framework: This research is theoretically covered by accounting knowledge by testing the relationship between the accounting information and decision-making process.   Design/methodology/approach: Data was collected from the tehrantimes.com and it was observed that, there are total 33,800 active small and medium organization operating in Iraq in 2019. For simplifying the survey and data collection as well as to reduce the time and costing of survey, an online survey method is used to get the votes of all responders. In this survey, 836 responders were invited, participated and interviewed using a prepared using well questionnaire.   Findings: The result shows that the business accepts the fact that the financial accounting information, helps in analysing the factors which affect start-ups in the early state of business establishment, the also shows that financial accounting information helps in analysing competitor, and it satisfactorily defines the study of alternative options which buyers may have with respective product or service. The study also shows that financial accounting information does not helps in defining the bargaining capacity of supplier or buyers.   Research, Practical & Social implications: This study helps accounting regulators and process decision maker by having more understanding of this relationship.  In addition, it increases the knowledge of the companies regarding the decision making and accounting information by developing the accounting information system to increase the quality of accounting.   Originality: This research contributes to accounting felid and accounting knowledge  as well as to accounting practice by understanding the relationship between the financial information and decision making.

The main aim of this research is to test the impact of internal auditing on corruption. In recent years, most firms around the world have witnessed a series of financial crises and scandals, this is mainly because of the absence of occurrence and the separation of fraud and corruption in financial reporting. The manipulation of the financial data is caused by the weakness and the disability in the internal auditing system, which negatively affects the level of transparency and disclosure in financial reporting. This issue has increased and exacerbated the level of corruption in the governmental public sector (Hayek et al., 2022). This research contributes to the accounting and auditing literature by improving the corporate governance code and accounting quality. Also, this research contributes to the theory by testing the stewardship theory by providing empirical evidence of how the steward (the internal auditing system reduces corruption). The study used 164 questionnaire forms that were distributed to the internal auditors within 12 Iraqi governorates out of 15 governorates except for the Kurdistan region, which included four domains of 71 questions. The main finding of this research is that internal auditing plays a major role to reduce the level of corruption and helps firms in the public sector to produce high-quality financial reporting.

This research examines the impact of the International Financial Reporting Standards (IFRS) on value relevance (VR). It is reported that most previous studies that address value relevance relationships with the IFRS have found conflicting results. For example, a reduction in VR in the US but it enhances in most reviewed studies (Gao et al., 2022). According to the findings, the impact of implementing IFRS varies from country to country. In the UK, the IFRS adoption has decreased the book value (BV) while in France and Germany, has increased. After adopting IFRS during the financial crisis, the findings also suggest that the VR has fallen in these nations. All financial institutions trading on the stock markets of these three nations serve as a sample for this study. Quantitative methods are used to collect data for this study, while SPSS is used for statistical analysis. The data was analysed prior to IFRS (2000–2004), for the global financial crisis of 2008, and later IFRS (2006–2015). This study adds to accounting knowledge by analysing the results of IFRS adoption throughout the time frames. In addition, it helps accounting standards setters and policymakers in developing IFRS quality and establishing related policies.

Banks are usually assessed credit risk based on borrowers’ financial statements to monitor credit risk over the life of the lending contract (Beatty, 2008; Golubeva, 2020). Thus, this research examines the implications of mandatory International Financial Reporting Standards (IFRS) implementation on the rational investment decisions of lenders and borrowers in the emerging market (e.g., the Iraqi credit market). Quantitative data were collected, nearly 137000 credit/loan contracts and 500 debenture contracts of almost 750 individual companies. We separate the dataset into two periods, earlier and later IFRS implementation using interaction variables to extract other economic factors’ impact on loan contract stipulation. Even though enhancing the quality of financial statements is the most rational objective of IFRS adoption and implementation, the results show insignificant improvement. IFRS implementation has a limited effect in enhancing financial statements’ quality during the conversion period. This finding supports the view that economic advantages do not essentially contribute to the application of IFRS but depend on other considerations and the level of disclosure practices

The present study aims to demonstrate the effectiveness of the internal control system in large economic units as a result of the volume of business they practice. In light of the size of activity practiced by the General Company for the Distribution of Central Electricity through the distribution of electrical energy to six Iraqi provinces, there must be an important role for internal control in monitoring this activity. Hence, the present study focuses on evaluating the effectiveness of internal control in the company and its branches in light of the ethical code for senior officials contained in the Sarbanes- Oxley Act in addition to some other requirements that were dealt with by the law. The analysis of the data is based on some requirements in the law  In addition to a questionnaire prepared for this purpose to measure the application of the code of ethical conduct for senior officials and to demonstrate the effectiveness of an efficient internal control system. 85 questionnaire forms were distributed to workers in the control, internal auditing, and accounting departments of the company and its branches. 74 forms were suitable for analysis. The present study concludes that there are indications that the internal control system is not independent in the provinces electricity distribution companies and the subsidiary companies. It is mentioned in the organizational structure of the company that the control and auditing department is subordinate to the director of the company and his/her assistants, and that it is not directly related to the official of the control and auditing department at the company's headquarters, which may cause conflict in  Interests and lack of coordination in control procedures.