Model of Proposal for Creating Financial Reports for the Public Sector using International 22 as the Accounting Standard Practical Research in a Selection of Iraqi Government Institutions

By preparing reports and providing financial data about the government public sector in the public units sampled for the study, this research seeks to illustrate the influence of international accounting standards in the public sector (IPSAS), particularly the International Accounting Standard in the Public Sector 22 (IPSAS22). To accomplish the study's goal, financial statements were prepared by the Ministry of Finance for public units at the state level as a whole, as well as for the municipal directorates of the Nineveh Governorate, taking into account both local customs and international accounting standards for the public sector, particularly the IPSAS 22 standard, which aims to improve the quality of financial reports by offering helpful information to support owners' decisions. A suggested model for implementing the standard in public government entities is being prepared by the Department. Several major findings were drawn, the most significant of which is that improved transparency in financial reports in the public units included in the study is a result of applying international accounting standards, particularly the IPSAS 22 standard, to the public sector. Several recommendations were made, the most significant of which is that, in order to improve disclosure in financial reporting, units (the research sample) must be subjected to international accounting standards, particularly IPSAS 22.