The Law of the Iraqi Union of Accountants and Auditors No. 185 of 1969 (as amended in 1973) establishes the Iraqi Union of Accountants and Auditors (IUAA) as a professional association for accountants and auditors in Iraq. According to the Law, all accountants and auditors are required to be members of IUAA. The Law authorizes the IUAA to carry out the following functions: (i) maintaining the register for accountants and auditors; (ii) organizing and implementing a quality assurance review system; (iii) arranging and delivering the continuing professional development program for accountants and auditors; (iv) establishing and implementing an investigations & disciplinary system; and (v) establishing and monitoring compliance with ethical requirements.