Investor Behavior and Decisions under the Adoption of IFRS 15: Evidence from Iraq

Abstract

This study is derived from a doctoral thesis aimed at understanding the challenges and impacts faced by investors' decisions in the Iraqi Stock Exchange when implementing the IFRS 15 standard, Revenue from Contracts with Customers. An exploratory approach and various research tools, including personal interviews and surveys, were used to examine this context. The results showed that there are challenges in implementing IFRS 15 in Iraq due to the new and complex concepts included in the standard. There is a need to enhance the skills of accountants and financial analysts in the market. It is advisable to raise awareness of the standards requirements among listed companies and investors. This study highlights the importance of improving compliance with International Financial Reporting Standards to achieve transparency and a better understanding of financial performance.