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Use of financial accounting firms contribute to save public funds
2/7/2015 0:00
Cooperation with the Iraqi experience paints a resource management scenario
BAGHDAD - Mostafa Hashemi
Iraq achieved positive economic results Bastaanth companies accounting, auditing, financial and banking consulting represented the achievement of advanced steps in the banking side by accelerating the restructuring and rehabilitation of government banks operations as well as the external debt of the country scrutiny.
In this context the companies consulting and financial auditing and supervisory banking and significant impact on the prosecution of foreign debt and restrict them to the side doing the rehabilitation and development of the experiences of local financial and banking staffs banking advisor Dr. Essam Mahouelle said, adding that the development of expertise required to keep up with the march of these sectors with the world.
The government had contracted in Earlier, with four financial institutions, along with two banks WCW as external advisors who provide advice, support and consulting with all related activities to settle the foreign debt of Iraq.
He explained the banking adviser told the "morning": "contributed to the use of foreign expertise to reduce its external debt owed by Iraq due to the wrong system policies the former as Iraq hit mostly leaving them little thing. "
He said the conditions experienced by the country late last century caused his removal from the world and keep abreast of developments in the administrative, financial and regulatory regimes, especially that many countries have made significant strides in the use of technology in the financial and banking transactions in terms of financial automation carried out by adopting smart cards (Cardt Card) contributed the introduction of new payment systems were not present at the time.
He pointed out that the introduction of foreign expertise contributed greatly to the protection of public funds from waste and loss, misconduct and be sure to use these funds for their intended purposes and raise the overall performance levels in the majority of the state apparatus. He explained that the work of companies and financial institutions that have been contracted is showing a technical opinion after studying the financial statements and submit proposals to the steps that must be taken and appropriate measures that increase the efficiency of the Iraqi economy, as well as they contribute to the development and formulation of rules and accounting standards administrative, financial and banking systems because of its From long experience and expertise accumulated and professional relationships with the countries of the world.
He pointed out that it depends data in order to build a sound decision based on the principles and accurate information, whether these decisions in the near term, or long and composition perceptions about performance management devices, access to building strategies for administrative reforms for economic development, and improve the level of services to gain access to the achievement of the objectives of the country on a sound economic system.
He stressed the importance of the role of these institutions in cooperation with the Iraqi experience in shaping public management of financial resources of the state scenario and how to use those resources effectively, efficiently and economically.
mentions institutions that contracted with the government represented by all of Ernst & Young (accounting consultant and checksum) responsible for checking and matching Iraq's foreign debt and the Foundation Cleary Kutlob (External Legal Counsel) and the Foundation French Alzard Foundation Houlihan Lokey English and the Bretton City Krupp and JP Morgan, two two banks is their mission to support the Ministry of Finance to settle trade creditors debt Foreigners (private sector foreign) Given the broad to their deployment around the world.
He was Finance Minister Hoshyar Zebari search earlier with a representative of Ernst Young preached Baker and a number of the company's experts package of financial and accounting issues and the process of rehabilitation of government banks During the meeting agreed on a number of issues of concern to the financial and economic situation in Iraq - according to a statement the Ministry of Finance.
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2/7/2015 0:00
Cooperation with the Iraqi experience paints a resource management scenario
BAGHDAD - Mostafa Hashemi
Iraq achieved positive economic results Bastaanth companies accounting, auditing, financial and banking consulting represented the achievement of advanced steps in the banking side by accelerating the restructuring and rehabilitation of government banks operations as well as the external debt of the country scrutiny.
In this context the companies consulting and financial auditing and supervisory banking and significant impact on the prosecution of foreign debt and restrict them to the side doing the rehabilitation and development of the experiences of local financial and banking staffs banking advisor Dr. Essam Mahouelle said, adding that the development of expertise required to keep up with the march of these sectors with the world.
The government had contracted in Earlier, with four financial institutions, along with two banks WCW as external advisors who provide advice, support and consulting with all related activities to settle the foreign debt of Iraq.
He explained the banking adviser told the "morning": "contributed to the use of foreign expertise to reduce its external debt owed by Iraq due to the wrong system policies the former as Iraq hit mostly leaving them little thing. "
He said the conditions experienced by the country late last century caused his removal from the world and keep abreast of developments in the administrative, financial and regulatory regimes, especially that many countries have made significant strides in the use of technology in the financial and banking transactions in terms of financial automation carried out by adopting smart cards (Cardt Card) contributed the introduction of new payment systems were not present at the time.
He pointed out that the introduction of foreign expertise contributed greatly to the protection of public funds from waste and loss, misconduct and be sure to use these funds for their intended purposes and raise the overall performance levels in the majority of the state apparatus. He explained that the work of companies and financial institutions that have been contracted is showing a technical opinion after studying the financial statements and submit proposals to the steps that must be taken and appropriate measures that increase the efficiency of the Iraqi economy, as well as they contribute to the development and formulation of rules and accounting standards administrative, financial and banking systems because of its From long experience and expertise accumulated and professional relationships with the countries of the world.
He pointed out that it depends data in order to build a sound decision based on the principles and accurate information, whether these decisions in the near term, or long and composition perceptions about performance management devices, access to building strategies for administrative reforms for economic development, and improve the level of services to gain access to the achievement of the objectives of the country on a sound economic system.
He stressed the importance of the role of these institutions in cooperation with the Iraqi experience in shaping public management of financial resources of the state scenario and how to use those resources effectively, efficiently and economically.
mentions institutions that contracted with the government represented by all of Ernst & Young (accounting consultant and checksum) responsible for checking and matching Iraq's foreign debt and the Foundation Cleary Kutlob (External Legal Counsel) and the Foundation French Alzard Foundation Houlihan Lokey English and the Bretton City Krupp and JP Morgan, two two banks is their mission to support the Ministry of Finance to settle trade creditors debt Foreigners (private sector foreign) Given the broad to their deployment around the world.
He was Finance Minister Hoshyar Zebari search earlier with a representative of Ernst Young preached Baker and a number of the company's experts package of financial and accounting issues and the process of rehabilitation of government banks During the meeting agreed on a number of issues of concern to the financial and economic situation in Iraq - according to a statement the Ministry of Finance.
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