Obstacles to the application of forensic accounting: evidence from iraq

Sherihan Kazem Shanishel Al Ramahi; Dr. Emad Abdel Sattar Al Mashkoor; Professor Jalil Ibrahim Salih

Abstract

The research addressed the role of forensic accounting as a method of investigating fraud as the best solution for detecting and preventing any fraud practices through the use of its techniques and methods, including DMT data exploration technology, Benford law, computer-assisted audit technology (CAATs), relative size factor theory (RSF) By demonstrating the availability of the ingredients for applying forensic accounting to identify the most prominent obstacles that limit the application of forensic accounting, this research aims to demonstrate the importance of forensic accounting and identify professional organizations and their role in the application of forensic accounting and to show the most important skills to be provided in the forensic accountant.

Keywords

Obstacles to the application of forensic accounting: evidence from iraq

References

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[refR-2] Aksoy, T., & Uzay, S. (2021). Relationship between Fraud auditing and Forensic accounting. In Auditing Ecosystem and Strategic Accounting in the Digital Era (pp. 127-146). Springer, ChamGoogle Scholar ↗

[refR-3] Al-Ani, S., & Flayyih, H. (2018). Principles of Financial Accounting. Al-Mihajat Printing and Reproduction Office. Baghdad, Iraq.‏Google Scholar ↗

[refR-4] Albizri, A., Appelbaum, D., & Rizzotto, N. (2019). Evaluation of financial statements fraud detection research: a multi-disciplinary analysis. International Journal of Disclosure and Governance, 16(4), 206-241Google Scholar ↗

[refR-5] Ali, S. I., & Flayyih, H. H. (2021). The Role of the External Audit in Assessing Continuity of Companies under the Financial Crisis : An Applied Study in the Iraqi Banks Listed in the Iraq Stock Exchange for the Period 2016-2019 El Papel de la Auditoría Externa en la Evaluación de la Continu. 39(November), 1–20. https://doi.org/10.25115/eea.v39i11.5925DOI ↗Google Scholar ↗

[refR-6] Al-Jubouri, N., Al-Tamimi, A. H., & Flayyih, H. H. (2017). Methods of Scientific Research (2nd ed.). Ishtar Academy group (IAG).Google Scholar ↗

[refR-7] Al-taie, B. F., & Flayyih, H. H. (2020). Intermediate Accounting. Al-Mihajat Printing and Reproduction Office. Baghdad, Iraq.‏Google Scholar ↗

[refR-8] Altameemi, A. L. I. H., & Flayyih, H. H. (2021). A comparative Study in the Role of Private Sector in Relationships Analysis between Economic Sustainability and COVID-19 : Evidence from Iraq and Russia Un Estudio Comparativo sobre el Papel del Sector Privado en el Análisis de las Relaciones entre la Sos. 39(November), 1–13. https://doi.org/10.25115/eea.v39i11.5842DOI ↗Google Scholar ↗

[refR-9] AL-Timemi, A. H., & Flayyih, H. H. (2015). Earning management. Dar Ghaida Printing and Publishing, Amman, Jordan.Google Scholar ↗

[refR-10] Azadzadeh, Adeleh , (Analysis of the Necessity to Develop the Forensic Accounting in Iran), Advances in Environmental Biology, Vol.( 8), No.(19) (2014): 170-173Google Scholar ↗

[refR-11] Bassey, E. B., (Effect of forensic accounting on the management of fraud i microfinance institutions in Cross River State), Journal of Economics and Finance, Vol. ( 9),No.(4) (2018).Google Scholar ↗

[refR-12] Biswas, Mahua, Hiremath, Kiran G, and Shalini R ,( Forensic Accounting in Indian Perspective) , The 5th International Conference on Financial Criminology (ICFC) “Global Trends in Financial Crimes in the New Economies , (2013).Google Scholar ↗

[refR-13] Claire, AMAKE Chinwe, and Jude, IKHATUA Ohiorenuan ,(Forensic accounting and fraud detection in Nigerian public sector), Igbinedion University Journal of Accounting, Vol.( 2), (2016): 148-173Google Scholar ↗

[refR-14] Dhar, Pranam, and Sarkar , Anirban , (Forensic accounting: An accountant’s vision),(2010).Google Scholar ↗

[refR-15] Flayyih, H. H. (2015a). Enhance financial reporting of companies to use economic value added. Journal of Baghdad College of Economics, 43, 379–408.Google Scholar ↗

[refR-16] Flayyih, H. H. (2015b). Evaluate the financial performance of the economic entities Using the economic value added An Empirical Study in State Company. Third Conference of the Federal Financial Control Bureau, 1–19.Google Scholar ↗

[refR-17] Flayyih, H. H. (2016). Factors affecting of the audit quality And its role in enhancing dimensions that is quality. Journal of the Accountant, 23(46), 201–219.Google Scholar ↗

[refR-18] Flayyih, H. H., & Flayyih, M. Z. (2019). Internal auditing in public companies according to international auditing standards (1th ed.). Ishtar Academy group (IAG).Google Scholar ↗

[refR-19] Flayyih, H. H., Al-Mufraji, S. H., & Alhelle, M. H. (2019). Islamic Banks: Basic Concepts and Applied Cases.Google Scholar ↗

[refR-20] Maseer, R. W., & Flayyih, H. H. (2021). A Suggested Approach to Use a Decision Tree to Rationalize the Decision of Accounting Information Users under the Risk and Uncertainty Un Enfoque Sugerido para Utilizar un Árbol de Decisiones para Racionalizar la Decisión de los Usuarios de Información Co. 39(November), 1–13. https://doi.org/10.25115/eea.v39i11.5877DOI ↗Google Scholar ↗

[refR-21] Mukoro, D. O., Olusola Samuel Faboyede, and Chioma Blessing Eziamaka, (THE EFFECTIVENESS OF FORENSIC ACCOUNTANTS IN STRENGTHENING INTERNAL CONTROL OF BUISNESS ORGANIZATIONS IN NIGERIA : A STUDY OF SELECTED BUISNESS ORGANIZATIONS IN NIGERIA), (2014): 1-40Google Scholar ↗

[refR-22] OYIER ,Omondi, Erick,( The impact of forensic accounting services on fraud detection and prevention among Commercial Banks in Kenya), Diss. University of Nairobi,( 2013)Google Scholar ↗

[refR-23] OZCAN, Ahmet , (Analyzing the impact of forensic accounting on the detection of financial information manipulation) , Manas Sosyal Araştırmalar Dergisi, Vol.( 8) ,No.(2) (2019): 1744-1760Google Scholar ↗

[refR-24] Ramaswamy, Vinita ,(New frontiers: training forensic accountants within the accountingprogram ) ,Journal of College Teaching & Learning (TLC), Vol.( 4), No.(9) (2007)Google Scholar ↗

[refR-25] Salman, M. D., Mohammed, A. M. R. H., & Flayyih, H. H. (2021). Financial Safety Indicators under Financial Crises and their Impact on Banking Finance : An Applied Study in Iraqi Banks Indicadores de Seguridad Financiera Bajo Crisis Financieras y su Impacto en la Financiación Bancaria : Un Estudio aplicado en los Banc. 39(November), 1–10. https://doi.org/10.25115/eea.v39i11.5923DOI ↗Google Scholar ↗

[refR-26] Shah, Manoj, (PRACTICAL APPROACH FOR REQUIREMENT OF FORENSIC ACCOUNTING IN INDIA), Midas Touch International Journal of Commerce, Management and Technology ,Vol.( 2), No.( 10)(2014).Google Scholar ↗

[refR-27] Shibli, Abdulhussain Tofeeq, Salih, Jalil Ibrahim and Abdul Rahman, Nahla Ghalib, (Importance of the Approach to Forensic Accounting in Reducing Financial Fraud: A Field Study on a Number of Auditing Offices and Judicial Courts Operating in Basra), International Journal of Psychosocial Rehabilitation, Vol.( 24), Issue( 07)( 2020).Google Scholar ↗