| Abstrakt: |
This study aimed to explore the compliance (non-compliance) of Iraqi banks listed in the Iraqi Stock Exchange to the International Accounting Standard No. 7 cash flow statement. The cash flow statement, when prepared, provides flexible options for its preparers, such as preparing it in the direct or indirect way, as well as the flexibility in classification accounting items among the three components of the statement, namely, cash flow from operating activities, cash flow from investment activities, and cash flow from financing activities. In order to achieve the goal of the study, the researcher resorted to using a checklist approved by the big four major auditing companies (Pricewaterhousecoopers, Deloitte, Ernst & Young and KPMG). The compliance (noncompliance) of 42 banks listed on the Iraq Stock Exchange for the year 2019 was verified. The study found that Iraqi banks have a high compliance Percentage for International Accounting Standard No. 7, the cash flow statement up to 82%. [ABSTRACT FROM AUTHOR] |
