Abstract
The study aimed to reveal the impact of the commitment of companies operating in Erbil Governorate, Kurdistan Region of Iraq based on the requirements of the international accounting standard (NO. 10) on predicting financial failure. To achieve the objective of the study, a questionnaire was made considering feedback from 50 academics and working professionals in the Erbil governorate, and the results were analyzed by the statistical program, namely SPSS. The results show that there is a statistically significant impact of the commitment to treat events subsequent to the date of the balance sheet in accordance with the requirements of International Accounting Standard No. (10) on improving forecasting of financial failure. Additionally, this study presented a set of recommendations such as the necessity for companies in the Erbil governorate to comply with the requirements of the tenth international accounting standard with regard to modified and unmodified events and appropriate disclosures.
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