Iraq’s Prime Minister, Mohammed Shia al-Sudani, met with KPMG officials to review the company’s cooperation with Iraqi banks. The meeting focused on enhancing transparency, governance, and professionalism across the financial sector.
Additionally, al-Sudani praised financial audit firms for their role in strengthening Iraq’s banking system and improving long-term reliability. He described partnerships with global firms like KPMG as strategic tools to boost public trust in state institutions.
Therefore, the prime minister highlighted Iraq’s commitment to implementing financial and banking reform programs. These reforms have raised financial ratings, improved international partners’ confidence, advanced anti-money laundering compliance, and promoted modern electronic reporting across banks.
Al-Sudani emphasized the value of KPMG’s expertise in restructuring government-owned companies, improving operational efficiency, and offering technical and legal guidance for major projects. He noted that these efforts are essential for better public debt management and transparent contract development.
The government supports continued technical cooperation between KPMG, the Central Bank of Iraq (CBI), and the Trade Bank of Iraq (TBI). This collaboration ensures audit work is completed efficiently and aligns with international standards.
Therefore, the prime minister stressed that financial accountability and transparency remain critical for developing a modern national economy. He said that leveraging the expertise of global auditing firms strengthens Iraq’s financial systems and sets a benchmark for public and private sector operations.
Overall, the meeting reflects Iraq’s strategy to reinforce banking sector trust, improve governance, and maintain accountability. By integrating international auditing practices, Iraq aims to build a resilient and transparent financial sector that attracts global investment.