The Role of Judicial accounting in Limiting Creative Accounting Practices in Light of International Accounting Standards (An Exploratory Study in the Iraqi Judiciary)

Authors

  • Forat Sattar Hassoon
  • Naeem sabah khilkhal
  • Akram Abbas Rhaif AL-Hamzawi

Abstract

The research aims to address the knowledge bases of both judicial and creative

accounting, as well as indicate the role that judicial accountability can play in limiting creative accounting practices in light of international accounting standards. Three hypotheses have been put forward, namely: (1) There is no relationship between the practiced of activities and procedures by creative accounting and judicial accounting practices, (2) The high rates of lawsuits and legal disagreements over financial and marketable matters require the use of judicial accountability, (3) there is no differences among the opinions of external auditors and legal and judicial personnel regarding the role of judicial accountability in limiting creative accounting practices. The research was applied to a sample of the auditors of the Financial Supervision Bureau and workers in the Iraqi law and justice. In order to achieve the objectives of the research and test its hypotheses, a questionnaire was designed and distributed to the members of the sample. A set of appropriate statistical methods was used to analyze the data such as the mean, standard deviation, and mannequin test. The research also reached a set of conclusions, the most important of which was that judicial accountability can help reduce unwanted practices of creative accounting in economic units.

Downloads

Download data is not yet available.

References

Adriano, Seibel Foster (2014), "Forensic Accounting : A Programmed Approach", Journal of Economic Management and Accounting, Vo.(3), No.(14), pp:(112-135) .

Alicia, Diana V. (2010), "A Brief Review of the Creative Accounting Literature and its Consequences in Practice", Economical Business Review, May, 20, pp:(45-66) .

Amax, Oliver G. & Hake, Jorge F. (2005), "The Ethics of Creative Accounting & Other Factors its Effect in Financial Statement", Accounting and Business Journal, Vo.(1), No.(2), pp:(14-28) .

Anastasia, Anne H. (2008), "Psychological Testing", 5th Ed., Mac Gregory Publishing Company, New York, USA .

Bones, M. R. (2007), " Forensic Accounting, Causes, Consequences and Deterrence of Financial Statement Fraud", Critical Perspectives on Accounting , Vol.(6), Issue(24), pp(32-48) .

Breton, G. M. & Toffler, R. J. (2001),"Creative Accounting and Investment Analyst Response", Accounting and Business Research Review, Vo.(3), No.(15), pp:(90-102) .

Clubman, Paul M. (2003) ,"Where Auditors Fear to Tread : Internal Auditor Should be Proactive in Educating Companies on in Perils of Earnings Management and in Searching for signs of its use", High Beam Research, August, Vo.(1), No.(3), pp:(70- 85) .

Dasher, K. & Peddlers, M. (1992), "A Note on the Use of Forensic Accounting", British Accounting Review Issue (4), pp:(1-15) .

Eviler, G ; Deem G. & Clark, F. (2015), "Corporate Collapse : Forensic Accounting, Regulatory & Ethical Failure", Management of Human Resources Review, Issue (32), pp:(34-45) .

Gaza. J. & Dunmore, p. (2007) , "The Ethics of Earning Management", Chartered Accounting Journal, Vo.(6), No.(10), pp:(1-8) .

Gulliver, G. & Amar, K. (2009), "Forensic Accounting", Journal of Management History, Internal Auditor Should be Proactive in Educating Companies on in Perils of Earnings Management in manufacturing Companies, Vol.(5), No.(27), 2000, pp:(88-98)

.[12] Howard, M. N. (2002), "Financial shenanigans", 2nd Edition , McGraw-Hill population, New York, USA .

Sergeant, Kenneth A. (2013), "The Ethics of Forensic Accounting : An Empirical Study", Journal of Accounting, Issue.(3), pp:(12-26) .

Walkman, Rectory Deftly. (2010) "Forensic Accounting for Financial Reports", International Journal of Earnings Management and in Searching, November, Vo.(5), No.(22), pp:(44-59) .

Downloads

Published

2021-02-28

How to Cite

Hassoon, F. S. ., khilkhal, N. sabah ., & AL-Hamzawi, A. A. R. . (2021). The Role of Judicial accounting in Limiting Creative Accounting Practices in Light of International Accounting Standards (An Exploratory Study in the Iraqi Judiciary). The Journal of Contemporary Issues in Business and Government, 27(1), 3681–3697. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/816

Issue

Vol. 27 No. 1 (2021): The journal of contemporary issues in business and government

Section

Articles

License

You are free to:

  1. Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
  2. Adapt — remix, transform, and build upon the material for any purpose, even commercially.
  3. The licensor cannot revoke these freedoms as long as you follow the license terms.

Under the following terms:

  1. Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
  2. No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Notices:

You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .

No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.