Authors : Ahmed Maher Mohammed Ali, Yasir Sahib Malik and Qayssar Ali Al-Fattli
Abstract: IFAC canceled the commentary of Accounting Standard No. 8 and its effective implementation on 1/7/2016 with the aim of drawing conclusions over the next 5 years by providing three basic rules: technical competence, skills and professional values and ethics. Today, the Higher Institute of Accounting Studies/University of Baghdad (HIAFS) lacks these rules in the accounting courses, accredited to the fields of accounting or auditing. That due to several reasons, the most important of which accounting and auditing courses at HIAFS do not keep pace with professional developments to achieve high quality in accordance with the international requirements for auditing. The research has led to a number of recommendations, among which are the importance of improving the effectiveness of accounting education, through the interest of updating the curriculum and auditing in the institute to meet the requirements of Standard No. 8 in addition to using the techniques and employing them to serve the educational process.
Ahmed Maher Mohammed Ali, Yasir Sahib Malik and Qayssar Ali Al-Fattli, 2017. The Role of the International Accounting Education Standard No. 8 “Competence Requirements for Audit Professionals” Graduates in Developing the Capacity of the Higher Institute of Accounting Studies Students the University of Baghdad. International Business Management, 11: 1504-1516.