Author(s): Khudr Bary Freeh Alsrray, Hameed Ali Salih
The research aims to review and clarify the accounting standard No. 32, and then clarify its role in reducing market risks in Iraqi private banks, and the research also aims to explore the reality of banks to determine the extent to which they are able to apply Standard 32, the researchers used the descriptive approach, by referring to previous studies and literature related to the subject For the purpose of describing the reality of the problem, then they used a questionnaire to collect the primary data from the study population, which consisted of twenty-five private households, 20 of them were randomly tested to implement the study. After collecting and analyzing the data, the researchers concluded that there is a positive effect between (the quality of the financial statements and market risks) and the application of Standard 32, and the researchers also concluded that private banks (represented by their staff) are not sufficiently qualified to apply the standard. The research concluded with recommendations.