2024, Vol. 7, Issue 2

author(s)
Ashwaq Talib Kadhim and Hammadi al-Fakhfakh

abstract
The main objective of this study is to examine the correlation between value suitability ratios for a selected group of Iraqi banks, in compliance with international financial reporting requirements. In addition, the study is to examine the appropriateness of accounting information value for implementing international financial reporting requirements and its relevance to the compliance rates of the selected Iraqi banks. The research sample comprised data collected from a total of 10 banks listed on the Iraqi Stock Exchange during the period of (2012-2019). The rates of compliance of the banks in the study sample with the requirements for the application period were determined using the third party inspection index of value and price supplied by the International Financial Reporting requirements (IFRS). This analytical approach yielded significant practical findings. The present study utilized three financial models to assess the appropriateness of the value both before and post implementation of international financial reporting standards. Additionally, it aimed to evaluate the correlation between the value and the compliance rates with such standards. Verification and testing of the research hypotheses were conducted, confirming most of them and reaching a set of conclusions. The most significant conclusion is that there is a noticeable difference in the proportions of Value fit to International financial reporting standards between Iraqi banks in the research sample and the same bank within the study period.