Media and Communications announces the start of auditing the revenues of mobile phone companies operating in Iraq

by times news cr

Baghdad – IA
Today, Monday, the Communications and Media Commission announced the start of auditing the revenues of mobile phone companies operating in Iraq.

The Authority stated in a statement, received by the (INA), that “The Chairman of the Media and Communications Authority, Ali Al-Muayyad, held a meeting with representatives of the company at the Authority’s headquarters, marking the start of work and determining the steps for implementing the audit process.”
The statement added, “Al-Moayyad announced that KPMG, one of the largest international auditing companies, will begin auditing the revenues of mobile phone companies in Iraq during the past six years, starting from 2017 to 2022.”

Al-Moayad stressed that “this step comes within the framework of the Authority’s efforts to enhance transparency and combat tax evasion in the communications and information technology sector, and to ensure that the state obtains its full financial rights,” pointing out that “the Authority, through this contract, aims to ensure the accuracy and prudence of mobile phone companies’ revenues.” And to ensure its compliance with the financial laws and regulations in force in Iraq.
The statement continued, “KPMG has a distinguished global reputation in the field of financial and accounting auditing, and is among the four largest companies in the world that provide auditing and accounting services to companies.”
He explained, “The company KPMG presented to the Authority its plan to audit the revenues of mobile phone companies, which includes analyzing the companies’ financial statements, ensuring the validity and integrity of the accounting procedures followed, and conducting interviews with the companies’ employees.”
The statement concluded, “This step reflects the Communications and Media Authority’s keenness to ensure that the state obtains its full financial rights from the communications sector, and to enhance transparency in this vital sector.”

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