6. Accounting profession in Libya
Prior the country independence
During this period accounting profession was brought to Libya mainly through Italian
accountants who work in Italian enterprises and in Italian governmental departments
which operated in Libya (Buzied, 1998; Kilani, 1988). After the Second World War when
British and France were administrated Libya from 1943 to the Libyan independence
there was no Libyan accounting profession and there were no serious changes to the
Italian administration, except closing of all branches of Italian banks and opening
of the British Barclays bank (Buzied, 1998). During this period also the Italians still
controlled most enterprises and the Italian tax law still continued to be the only the
tax law in the country (Bait-El-Mal et al., 1973).