The Role of the External Audit in Assessing Continuity of Companies under the Financial Crisis: An Applied Study in the Iraqi Banks Listed in the Iraq Stock Exchange for the Period 2016-2019

Abstract

In the first decade of the third millennium, shareholding companies faced several crises, with four major crises affecting financial markets, beginning with the collapses of a group of large companies following the Enron Energy company and similar companies in various countries, followed by the financial crisis and the collapse of global oil prices, which quickly ended until the sta As a result, the purpose of this study is to shed light on the role of external audit in assessing bank continuity, as Iraqi banks are among the first institutions and companies to move toward the application of international standards as well as being committed to accounting principles and assumptions, and they face a wide range of risks, the most dangerous of which is financial instability. Furthermore, the Kida model has been adopted in assessing the stability of banks and their ability to meet their obligations and perform their duties through a set of financial ratios that distinguish successful banks from those whose ability is suspect and vulnerable to financial failure, as well as trying to identify the nature of their activities at an early stage. However, using financial ratios, Kida's model was applied to a sample of three Iraqi banks, and the research concluded that the external auditor should use financial analysis models to know and evaluate the banks' continuity in terms of anticipating financial collapse.

A University Control Systems Development Using the Strategic of Sustainability: Survey Study in the Iraqi Private Universities

“…Respecting the natural environment, educating the community about current and potential environmental problems, instilling a sense of responsibility in them, and encouraging them to participate in finding appropriate solutions. A variety of objectives can be pursued to achieve sustainable development (Ali & Flayyih, 2021).…”

“…Respectively, which are good, slightly different ratios between them. As for the third group, which includes points (4,5,6,7,8,9) it was at a rate of (2.40, 2.60, 2.66, 2.76, 2.88, 3) Respectively, universities are interested in them, but within their financial reports and not separately, and that the deviation the standard ratio was (0.470, 0.670, 0.478, 0.431, 0.328, 0.000). Respectively, which is a slightly different ratio.…”

“…The first group, which includes points (1-2-3). serves the sustainability strategy in Iraqi universities when formulating goals and planning their activities, and the second group, which includes points (4, 5, 6, 7) serves to integrate sustainable development indicators into the regulatory systems to support the sustainable role of universities and meet the needs of stakeholders, while the third group, which includes points (8,9). serves the sustainability management system in Iraqi universities.…”

The Extent of the Application of Internal Auditing Standards in Iraqi Commercial Banks

“…Gueorguiev adds that these details are an extension or clarification of the list of standards issued in 1978 and is not considered an amendment to it. According to(Adu-Nimako, 2020;Ali & Flayyih, 2021), the Institute of Internal Auditors issued in January 2000 a new list of standards for the professional practice of internal auditing that included for the first time since 1978 the introduction of a number of amendments to the list of standards issued in 1978, and also included a number New standards. The Institute of Internal Auditors re-divided the standards into two main parts instead of five sections as in the previous list (Mokhitli & Kyobe, 2019; Umaralievich & Jurayevna, 2020; Hasan & Al-Ramadan, 2021):…”