243 American Scientific Research Journal for Engineering, Technology, and Sciences (ASRJETS) ISSN (Print) 2313-4410, ISSN (Online) 2313-4402 © Global Society of Scientific Research and Researchers http://asrjetsjournal.org/ The Compatibility Extent of the Local Accounting Environment with International Accounting Standards and the Impact of Adoption and Application of International Accounting Standards on the Accounting Profession and Market Economics in Iraq (Case Study in Iraq) Fedaa Abd Almajid Sabbar Alaraji a* , Dhiaa Aldeen Sabah Alazzawi b , Talib Ghadhban Yaseen c a Craiova University, Faculty of Economics and Administration, Craiova, Romania b University the Bucharest of Economic Studies c AL-Mustansiriya University Abstract With the progress of rapid technological and economic in the countries of the world , this world transformation of the small village through freedom of transaction capital and employment among States and encouraging foreign investment and growth of international multinational companies and branches, the emergence of the need for international accounting standards through which financial information disclosed in the financial statements is understood by all users of this information in all countries of the world, and the full disclosure of financial information is transparent and enjoys the confidence and credibility of the users of the financial statements , And the impact of all these variables on the local professional environments in different countries of the world, including Iraq. The current study is aimed to how knowledge treatment with the accounting professional environment in Iraq with international accounting and their standards, And Extent of corresponding Local professional environment in Iraq, with international accounting standards and possible adopt it. ------------------------------------------------------------------------ * Corresponding author. brought to you by CORE View metadata, citation and similar papers at core.ac.uk provided by American Scientific Research Journal for Engineering, Technology, and Sciences...