Critical Success Factors in the Application of International Accounting Standards

Abstract

It can be said that the world is beginning to be convinced of the need for international accounting standards that contribute to the provision of relevant, understandable and verifiable information and compare on an international level to different users to help them make rational decisions on the one hand and improve the level of integrity and transparency on the other. In this regard, the understanding and diagnosis of critical success factors may enhance the Department's ability to ensure the achievement of the desired objectives and the successful conduct of the proceedings and applications with different disciplines and areas, as well as improved ability to contribute to the prediction of the future situation, diagnosis of challenges and prioritization The Department's attention to the factors contributing to the achievement of the goals, Based on the foregoing, the research aims to identify and diagnose the critical success factors in the implementation of IPSAS and in a manner that enhances both scientific and professional knowledge in ensuring the successful implementation of IPSAS on the one hand and achieving its desired objectives on the other hand.Research is being conducted in the tertiary education Sector/Baghdad University with the adoption of personal interviews and a sample poll from the faculty in the accounting department, Faculty of Administration and Economics, University of Baghdad, , As well as a sample of professional accountants working in a number of private banks in the city of Baghdad, and a questionnaire form containing a set of questions embodying the contents of the critical success factors in the application of the standards, with a view to identifying the most critical factors that could be adopted to facilitate the implementation of accounting standards And success, with a view to achieving a clear and comprehensive vision of best practices relevant to meeting the application requirements an international perspective can be adopted and applied as a systematic road map that contributes to improving the quality of accounting procedures and applications. The analysis is supported by using the SPSS-10 for Windows program with the aim of explaining the extracted factors as reflecting the reality of critical success factors in the application of IPSAS, as well as the adoption of a few statistical methods to arrive at an integrated picture that contributes to the interpretation of the reality under The study. The research found a set of conclusions, the most important of which were that the critical success factors in the implementation of IPSAS were a combination of factors interlinked and integrated include both (change management requirements, awareness and information practices, risk management, organizational requirements, support Government, and finally the management commitment), and based on this, some of the proposals related to the activation and transfer of success factors have been referred to as one of the most important. The need for management to be attentive to the content of the sustainability of the obligation to provide an appropriate environment for the adoption of IPSAS implementation. 2. Establish a competent national authority to oversee the evaluation of IPSAS implementation and provide advice and appropriate solutions are available in a timely manner. 3. Adopt common accounting language that is universally understood and accepted.