Throughout their operational presence in Iraq, we assist our clients in all matters pertaining to the financial management (taxation, accounting, auditing, and social security obligations and processing) of their in-country structures, activities, and local employees. We undertake tax and related accounting set-ups and systems; establishing Iraqi tax files and obtaining the corresponding Tax Identification Numbers (TIN); maintaining Iraq-based bookkeeping; converting financial statements to Iraqi unified accounting system; transforming financial statements based on GAAP accounting standard to Iraqi Unified Accounting System in compliance with local tax filing and record keeping requirements; assigning account codes accepted by the Iraqi Unified Accounting System and trial balance; ensuring that business income tax and related matters comply with current filing requirements of the Iraqi tax authorities; financial control risk assessment and review; internal audits and investigations; and training of clients’ local employees in the foregoing.