Corruption and fraud detection through foresic accounting practices in kurdistan region of iraq

Authors

  • Subhi Mohamed Saleh Accounting Department, Administration & Economics College, Salahaddin University, Erbil, Kurdistan Region, Iraq
  • Zubir Azhar Accounting Department, School of Management, Universiti Sains Malaysia, Penang, Malaysia
  • Bayan Sedeeq Azeez Accounting Department, Administration & Economics College, Salahaddin University, Erbil, Kurdistan Region, Iraq

DOI:

https://doi.org/10.25212/lfu.qzj.5.1.06

Keywords:

Forensic accounting, Forensic accounting practices, detection, Corruptions, Financial fraud.

Abstract

This paper aims to explore the importance and the role of forensic accounting practices in detecting (and preventing) corruption and fraud; and to identify the factors that hinder the adoption of forensic accounting practices in Kurdistan Region, Iraq. To achieve the objectives of the study was developed questionnaire included (24 questions) distributed on 47 academic professionals in the Kurdistan Region Iraq, the researchers reached a number of conclusions after analyzing questionnaire's questions. The most important of these conclusions There is a role Forensic Accounting in combating fraud and financial corruption in the Kurdistan Region and there are many factors that hinder the application of Forensic Accounting in the Kurdistan Region. The researchers also made a number of recommendations, in view of the importance of Forensic Accounting, therefore, researchers recommend increasing interest in it in the school curriculum and incorporating this aspect in accounting education so that the graduate to be familiar with it and the necessity for the Kurdistan Regional Government to build an effective monitoring system based on Forensic Accounting services that takes it upon itself to preserve both the rights and the financial authority.

 

Downloads

Download data is not yet available.

References

Akyel, N. (2012). Forensic accounting training: A proposal for Turkey. Procedia-Social and Behavioral Sciences, 55, 77-86.

Al-Sultan, I. I. A., Sabri, J., & Mardan, W. A. (2015). The reflection of corrupted government on poverty: Iraq case. Journal of Advanced Social Research, 5(3), 1-12.

Alabdullah, T. T. Y., Alfadhl, M. M. A., Yahya, S., & Rabi, A. M. A. (2014). The role of forensic accounting in reducing financial corruption: A study in Iraq. International Journal of Business and Management, 9(1), 26.

Avnimelech, G., Zelekha, Y., & Sharabi, E. (2014). The effect of corruption on entrepreneurship in developed vs non-developed countries. International Journal of Entrepreneurial Behavior & Research, 20(3), 237-262.

Bardhan, P. (1997). Corruption and development: A review of issues. Journal of Economic Literature, 35(3), 1320-1346.

Bhasin, M. L. (2015). Contribution of forensic accounting to corporate governance: An exploratory study of an Asian country. International Business Management, 10(4), 2016.

Brennan, N. M., & Solomon, J. (2008). Corporate governance, accountability and mechanisms of accountability: an overview. Accounting, Auditing & Accountability Journal, 21(7), 885-906.

Cormier, D., & Gordon, I. M. (2001). An examination of social and environmental reporting strategies. Accounting, Auditing & Accountability Journal, 14(5), 587-616.

Crumbley D. L. (1995). Forensic accountants appearing in the literature. New Accountant, 10(7), 25.

Crumbley, D. L. (2003). Forensic and Investigative Accounting. CCH Publishing.

d’Agostino, G., Dunne, J. P., & Pieroni, L. (2016). Government spending, corruption and economic growth. World Development, 84, 190-205.

De Rosa, D., Gooroochurn, N., & Gorg, H. (2010). Corruption and productivity: Firm-level evidence from the BEEPS survey. The World Bank.

Gaviria, A. (2002). Assessing the effects of corruption and crime on firm performance: Evidence from Latin America. Emerging Markets Review, 3(3), 245-268.

Gray, R., Kouhy, R., & Lavers, S. (1995). Corporate social and environmental reporting: A review of the literature and a longitudinal study of UK disclosure. Accounting, Auditing, and Accountability Journal, 8(2), 47-77.

Habib, M., & Zurawicki, L. (2002). Corruption and foreign direct investment. Journal of International Business Studies, 33(2), 291-307.

Hadi, A. M., Abed, A. R., & Kadim, H. O. (2018). The Role of Forensic Accounting and Its Relationship with Taxation System in Iraq. Academy of Accounting and Financial Studies Journal, 22(4), 1-10.

Kasum, A. (2009). The relevance of forensic accounting to financial crimes in private and public sectors of third world economies: A study from Nigeria. In Proceedings of The 1st International Conference on Governance Fraud Ethics and Social Responsibility.

Kranacher, M. J., & Riley, R. (2019). Forensic accounting and fraud examination. John Wiley & Sons.

Magness, V. (2006). Strategic posture, financial performance and environmental disclosure: An empirical test of legitimacy theory. Accounting, Auditing & Accountability Journal, 19(4), 540-563.

Maxime, A. (2013). “Iraq: Overview of corruption and anti-corruption”, Transparency International Anti-Corruption Resource Center, May 2013, p. 3.

Nwanyanwu, L. A. (2018). Accountants' ethics and fraud control in Nigeria: The emergence of a fraud control model. Journal of Accounting, Finance and Auditing Studies, 4(1), 130-150.

Okoye, E. I. (2009). The role of forensic accounting in fraud investigation and litigation support. The Nigerian Academic Forum, 17(1), November 2009. Available at SSRN: https://ssrn.com/abstract=1788822.

Rubin, M. (2018). The continuing problem of KRG corruption. In Gunter, M. M. (2018) Routledge Handbook on the Kurds. Routledge.

Wang, J., Lee, G., & Crumbley, D. L. (2016). Current availability of forensic accounting education and state of forensic accounting services in Hong Kong and mainland China. Journal of Forensic and Investigative Accounting, 8(3), 515-534.

Whiting, R. H., & Woodcock, J. (2011). Firm characteristics and intellectual capital disclosure by Australian companies. Journal of Human Resource Costing & Accounting, 15(2), 102-126.

Zysman, A. (2004). Forensic accounting demystified, world investigators network standard practice for investigative and forensic accounting engagements. Canadian Institute of Chartered Accountant.

Downloads

Published

2020-03-30

How to Cite

Subhi Mohamed Saleh, Zubir Azhar, & Bayan Sedeeq Azeez. (2020). Corruption and fraud detection through foresic accounting practices in kurdistan region of iraq . QALAAI ZANIST JOURNAL, 5(1), 148–171. https://doi.org/10.25212/lfu.qzj.5.1.06

Issue

Section

Articles