Adoption of financial and ethical reporting standards for measuring and disclosing municipal revenues (an applied study in the municipality of Najaf Al-Ashraf)

Abstract

The research aims to study the application of international financial reporting standards in measuring and accounting disclosure of municipal revenues and its impact on financial statements. The research problem was that the unified accounting system for municipalities does not comply with the requirements of measurement and accounting disclosure of municipal revenues included in international financial reporting standards, which affects the veracity and fairness of financial statements and thus users' decisions. The research reached a set of conclusions, the most important of which is the difference in the requirements of measurement and accounting disclosure of revenues under the accounting system for municipalities from the requirements under international financial reporting standards. A set of recommendations were presented, the most important of which is the need to update the accounting system for municipalities based on international standards to keep pace with developments and provide reliable financial information and data in the internal and external environment.