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Sunday 06 June 2021 18:57
Baghdad/ An expert in economic affairs, Safwan Qusay, confirmed that investment is the real entrance to economic reform in Iraq, stressing the need to activate the role of accounting and its infrastructure.
Qusai said in a statement to the National Iraqi News Agency / NINA / that "adopting the government's economic reform approach requires an orientation towards investment, which is a real entrance to economic reform by activating the role of accounting in Iraq by accelerating the adoption of international financial reporting standards on all companies operating in Iraq and whose shares are listed in the stock market Iraq because the process of preparing accounting information according to those standards will develop confidence in accounting information and move the Iraqi stock market to attract foreign investments and thus expand economic activity in the shortest way and at low costs.
He added: Activating the role of accountability in leading the oversight process in all the agencies concerned with combating corruption will enhance the ability of the Iraqi economy to rise away from the hands of the corrupt.”
The economic expert stressed the need to invest accounting minds with international orientations to lead the control and investment process./ End 8
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