Abstract: Small and medium-sized entities (SMEs) are one of the most fundamental pillars of the economy of any country, whether developed or developing. They represent more than 95% of companies all over the world. Due totheir importance, the International Accounting Standards Board issued an international special accounting standard for small and medium-sized entities in July 2009. The Board developed and issued a separate standard for application to the general-purpose financial statements and other financial reports prepared within these companies. Therefore, the current study aims to determine the impact of the application of IFRS for SMEs on the quality of theirfinancial statements by conducting on a survey on four Iraqi banks (Gulf Commercial Bank, Islamic Bank of Iraq, United Investment Bank and Bank of the Economy) for the year 2016. Tests were conducted using the statistical program SPSS. The results show that there is a statistically significant positive association between the application of IFRS and the quality of accounting information. Three alternative hypotheses were proven: limiting profit management practices, increasing market liquidity, and reducing transaction costs for investors. This is reflected in the quality of the financial statements, which are of internationally high quality and reflect the economic realities of the company, thus allowing investors to make smart decisions and leading to easy international trade.

Abstract: This study examined the recognition of tax evasion and how to direct taxpayers in Iraq to repay their debts and previous taxes to the state for the public good. By doing so, this study is urging them to abide by the instructions and tax laws, and not to transfer the burden of taxes to others by using their names illegally in order to avoid paying their taxes. In this way, people would realize the importance of tax revenues and how to deal with them in order toprovide public services to the Iraqi people. In addition, this study could instruct the financial authority not to tax and customs revenue leak for personal purposes and favoritism. The researchers conducted a case study in the General Authority for Taxes Diwaniyah Branch, and reached the results in the forefront of the poor of the tax awareness program by the financial authority who represented the tax administration to raise the awareness of the taxpayers and increase their knowledge of the rights and duties imposed on them to implement the principle (paying tax being a national and legal duty). Based on the conclusions, the researchers proposed a set of recommendations: the most important being that the Supreme Auditor should adopt the legislative and executive role in the development of solutions and treatments for such phenomena, as it is serious a serious issue for the state’s financial development.