Accounting and auditing standards in Libya
Nassr Saleh Mohamad AhmadAcademy of Graduate Studies, Libya
H. Gin Chong, Prairie View A&M University, USA
Abstract: Despite the existence of Libyan accounting and auditing systems for more than half a century, there is a lack of literature available to the West. This is due to its social, political and economic situations in the past. This chapter provides an overview of the systems, explores the challenges faced by the profession and recommends the ways forward.
