The impact of applying international financial reporting standards on the level of accounting conservatism of private Iraqi banks

Abstract

The goal of the research in this study is to measure the impact of the application of the International Financial Reporting Standards (IFRSs) on the level of accounting conservatism of private Iraqi banks whose shares are traded on the Iraqi Stock Exchange. In order to achieve this goal, the researcher presented and analyzed the literature on the accounting heritage represented by the International Financial Reporting Standards (IFRSs) and the influential relationship between the application The International Financial Reporting Standards (IFRSs) and the level of conservatism were measured before and after the application of the International Financial Reporting Standards (IFRSs) for both the level of accounting conservatism and the operational performance indicator on a sample of Iraqi private banks consisting of (19 banks) three years before the application of the IFRSs from 2013-2015 and three years after. Application of IFRSs from 2016 - 2018, noting that the year of application of international financial reporting standards (IFRSs) is 2016. The research reached results, including a low level of accounting conservatism, that is, the presence of statistically significant differences between the level of accounting conservatism before and after the application of IFRSs.