Accounting Department Students Conduct a Scientific Visit to the Erbil Companies Fund Directorate
On Tuesday, 3 February 2026, the Accounting Department at Cihan University–Erbil organized a scientific visit for third-year accounting students to the Erbil Companies Fund Directorate, under the supervision of Dr. Ibrahim Hussein.
The students were warmly received by the Director of the Erbil Companies Directorate, Dr. Pshtiwan Mustafa, who provided a comprehensive explanation of the Directorate, its duties, and its organizational departments.
Dr. Pshtiwan Mustafa also presented a detailed overview of company incorporation procedures and requirements, including the establishment of partnership, family, and joint-stock companies. He explained the procedures for issuing shares and the accounting treatment of share issuance during the establishment of joint-stock companies, as well as the accounting treatment for issuing new shares when increasing capital. In addition, he discussed the accounting and auditing procedures related to shares. He clarified that any company granted an official logo with the approval of the Companies Directorate has the legal right to operate and is legally protected in local and international markets. Furthermore, he highlighted the role of accounting and auditing in monitoring operating companies and explained the procedures followed to resolve disputes between the Directorate’s accounting administration and the company’s accountant. At the end of the visit, Dr. Pshtiwan Mustafa responded to the students’ questions and inquiries.
In the conclusion of the scientific visit, Dr. Ibrahim Hussein expressed his sincere thanks and appreciation to the management and staff of the Erbil Companies Directorate for their warm hospitality and valuable presentation on the procedures for establishing various types of companies and the importance of accounting and auditing during both the establishment stage and the oversight of companies. He emphasized the significance of such scientific visits in enhancing students’ practical understanding of accounting, linking theory with practice, developing professional skills, and strengthening cooperation between academic institutions and government entities, thereby raising students’ academic level and contributing to the achievement of sustainable development goals.
