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Economist: The absence of final accounts is a gateway to financial corruption and the loss of tens of billions

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Economist: The absence of final accounts is a gateway to financial corruption and the loss of tens of billions

   Time: 12/08/2021 21:13:06 Reading: 1,742 times
 
{Economic: Al Furat News}
The economist, Nabil Al Marsoumi, considered the absence of final accounts a "gateway to financial corruption" and a loss of tens of billions.

Al-Marsawy told Al-Furat News that "the absence of preparing the final accounts is a gateway to financial corruption, which has been absent for years, and there are accounts suspended for several years."

He added, "This issue is the loss of tens of billions, and the lack of knowledge of the classifications of advances, expenses and accounts is still pending."

And Al-Marsoumi indicated, "Many countries work in the final accounts on a daily basis, not annually, and Iraq is the only country that is considered late in the accounting system."

He pointed out that "the strangest thing about the matter is that the Ministry of Planning makes such a statement because it is the responsibility of the Ministry of Finance."

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