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.
Highlights
In any developed economies, it is not uncommon that the control of economic activities is both strong and systematic, and resulting in little number of reported cases of illegal practices involving business corruption and financial fraud, which emerge from scandalous activities (Avnimelech, Zelekha, & Sharabi, 2014)
As indicated by d’Agostino et al (2016), it is less effective for countries of the developing economies to put the mechanisms for detecting and preventing corruption and fraud at the forefront when the public sector agencies’ efficiency and the country-specific financial management systems are being criticized for being less functional in dealing with matters related to business corruption and financial fraud
2: description of the research variables and diagnosis: Will be in this analysis to the questionnaire which included (2) variables, Answers of researches were summarized her through the tables of the following: The First variable: Forensic Accounting leads to the detection and combating of the following corruption and financial fraud practices in Kurdistan Region of Iraq: The arithmetic means of each of the equation from questionnaire study evaluated by Likert scale (Totally not agree = 1, Not agree = 2, Not sure = 3, Agreed = 4, and totally agree =5)
Summary
It is not uncommon that the control of economic activities is both strong and systematic, and resulting in little number of reported cases of illegal practices involving business corruption and financial fraud, which emerge from scandalous activities (Avnimelech, Zelekha, & Sharabi, 2014). The role of forensic accounting in detecting (and preventing) fraud and corruption especially within the context of Iraq is not well addressed To remedy such gap, this paper has provided an important perspective on the development of forensic accounting practices in this context. 1. There is no statistically significant relationship at level (α ≤ 0.05) between use of the Forensic Accounting and the detection and combating of the following corruption and financial fraud practices in the Kurdistan Region of Iraq. 2. There is no statistically significant relationship at level (α ≤ 0.05) between Factors that hinder the use of Forensic Accounting to detect and combat corruption and financial fraud practices in the Kurdistan Region of Iraq. To identify the factors that hinder the adoption of forensic accounting practices. 153
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