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QJAE

Al-Qadisiyah Journal for Administrative and Economic Sciences

You are here: Home / Articles / Factors Affecting the Risk of Fraudulent Financial Reporting in Iraq and Iran

Factors Affecting the Risk of Fraudulent Financial Reporting in Iraq and Iran

  • Publisher: Al-Qadisiyah Journal for Administrative and Economic Sciences
  • Available in: PDF
  • DOI: 10.33916/22.2.2020/2-10
  • Published: June 10, 2021
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Factors Affecting the Risk of Fraudulent Financial Reporting
in Iraq and Iran
Mohammad Ali bagherpour Velashani, Mohammad Javad Sae, Farqad Faisal Sallal
Ferdowsi University of Mashhad, Mashhad, Iran

Corresponding Author: Mohammad Ali bagherpour Velashani Email: bagherpour@um.ac.ir
Abstract : The purpose of this study is to investigate the factors affecting fraud risk assessment in financial reporting
as well as the management ability to commit fraud in Iraq and Iran. The research method is descriptive-survey and
its statistical population consists of independent auditors in both countries. The data was collected using field
surveys and questionnaires. The results of this study reveal that in the view of independent auditors, the most
important factor in fraud risk assessment in financial reporting is “management motivations” and the least important
is “rationalization”. In addition, the results suggest that the ability to exploit internal control weaknesses is a major
factor affecting management’s ability to commit financial reporting fraud. Therefore, the auditor needs to have
sufficient knowledge of the internal control system to detect and assess significant risks and perform effective
planning. Hence, it is recommended that relevant authorities provide the necessary training and skills to independent
auditors in order to improve the risk assessment of fraud and consequently the detection and assessment of fraud
factors.
Keywords: Fraud risk factors, Management ability, Fraudulent Financial reporting, Iraq, Iran.

 

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Series: Volume 22 Issue 2 (2020)

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