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The Implications of Judicial Accounting Methods on the Credibility of the Financial Statements - An Analytical Study in the Iraqi Environment
Corresponding Author(s) : Dr. Sakar Dhahir Omar Amen
American Journal of Economics and Business Management,
Vol. 6 No. 5 (2023): American Journal of Economics and Business Management
Abstract
Judicial accounting is one of the important and modern topics, as its importance has emerged since the emergence of crimes and financial disasters which leds to the need for both the judiciary and the relevant parties to apply methods of judicial accounting that may contribute to the support of lawsuits and to reduce the financial crimes in general and the protection of public money from misuse and reducing manipulation of financial statements and reports in particular, as it is a professional and academic field at the same time. The need for it appeared with the increase in the activities of financial, commercial and economic fraud, and the need for the judiciary and other concerned parties to have investigating accountants who investigate in these activities and report on them as an important part of the detection and response process . Accordingly it begans to think that reducing fraud and manipulation in the financial statements is done by finding specialists in the field of investigating them and revealing the perpetrators before the relevant parties such as stakeholders and judicial courts. This research seeks to define judicial accounting, its methods, what it’s procedures are, and how it contributes to the provision of financial information to the judicial authorities which is provided by the financial expert (judicial accountant) which has a direct impact on the decisions taken by the ruler or judge. What are the concepts, characteristics, and importance that judicial accounting includes. The research concluded that the employees in the courts under consideration are aware of the importance of judicial accounting and its role in limiting manipulation in the financial statements, as well as the role that judicial accounting plays in adding the credibility of the financial statements.
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- Ahmed, Khaled Mohamed Ali (2017), “The Role of Judical Accounting in Reducing Financial Corruption Practices,” Faculty of Commerce, Beni Suef University.
- Al-Hassoun, Adel Muhammad, Al-Qaisi, Khaled Yassin (1991) “Accounting Systems”, First Edition, House of Cultural Affairs, Baghdad.
- Al-Jubouri, Nassif Jassim, Al-Khalidi , Salah Hadi Muhammad (2013), “The Role of Judical Accounting in Discovering Financial Fraud Operations” Journal of Economic and Administrative Sciences, College of Administration and Economics, University of Baghdad, Vol. 19, No. 70.
- Al-Khalidi, Salah Hadi (2012) “A proposed framework for Judicial accounting and its role in discovering financial fraud operations”, Ph.D. in Accounting, University of Baghdad, College of Administration and Economic
- Al-Kubaisi Abdul-Sattar Abdul-Jabbar Aidan (2011),“The reality of judicial accountability from the point of view of the judiciary” , an exploratory field study in Jordan, Amman, Jordan.
- Al-Sharkawy, Massad Mahmoud (2009). “Principles of Financial Accounting” , first edition, Ithraa Publishing and Distribution, Amman, Jordan.
- Bani Atta , Haider Muhammad Ali (2017), “Introduction to Accounting and Auditing Theory” First Edition, Dar Al-Hamid Publishing and Distribution, Amman, Jordan.
- Daniel, D. M. (2006), Auditor New Procedures for Detecting Fraud; ED's Proposed Changes Address Fraudulent Financial Statements, Journal of Accountancy, 193(5) .
- Hanan, Radwan Helwa et al (2004), “ Fundamentals of Financial Accounting” , Dar Al-Hamid for Publishing and Distribution, Amman, Jordan.
- Hussain Khaled Abdel-Sabour Mohamed (2011), “Using the Principles of Governance in Building A scientific framework for forensic accounting with a field study”, master thesis, ,Suez Canal University, Faculty of Commerce in ismailia
- Jamil, Rafi Nizar (2012) “The Conceptual Framework for Judicial Accounting and Its Requirements in the Iraqi Financial Environment” , Master Thesis, College of Administration and Economics, University of Mosul
- Kasum, A. S. (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, Available at: SSRN: http://ssrn.com.
- Michael , D.Akers and Jodi,L. Bellovary,(2006), What is Fraud and who is responsible?, Journal of Forensic Accounting , Vol. VII .
- Mock, T. Z. & Turner, J. L., (2005), Auditor Identification of Fraud Risk Factors and Their Impact on Audit Programs, Blackwell Publishing Ltd, International Journal of Auditing, 9(1) .
- Owojori, A.A., & Asaolu , T. O., (2009), The Role of Forensic Accounting in Solving the Vexed Problem of Corporate World, European Journal of Scientific Research, 29(2)
- Qiyasah, Firas (2019), “Understanding financial reports”, first edition, Dar Shoaa Publishing and Science, Aleppo, Syria.
- Sanchez ,maria & other , (2004), A Forensic Accountant as expert withess acriminal journal of forensic accouting , Vol.5 .
- Singleton &et al. (2006), Fraud Auditing and Forensic Accounting, 3rd Ed., John Wiley& Sons Inc .
- Vogt, P., (2003), Forensic Accountants, Available at: http://Finance.master.com/articles/forensic accounting1
References
Ahmed, Khaled Mohamed Ali (2017), “The Role of Judical Accounting in Reducing Financial Corruption Practices,” Faculty of Commerce, Beni Suef University.
Al-Hassoun, Adel Muhammad, Al-Qaisi, Khaled Yassin (1991) “Accounting Systems”, First Edition, House of Cultural Affairs, Baghdad.
Al-Jubouri, Nassif Jassim, Al-Khalidi , Salah Hadi Muhammad (2013), “The Role of Judical Accounting in Discovering Financial Fraud Operations” Journal of Economic and Administrative Sciences, College of Administration and Economics, University of Baghdad, Vol. 19, No. 70.
Al-Khalidi, Salah Hadi (2012) “A proposed framework for Judicial accounting and its role in discovering financial fraud operations”, Ph.D. in Accounting, University of Baghdad, College of Administration and Economic
Al-Kubaisi Abdul-Sattar Abdul-Jabbar Aidan (2011),“The reality of judicial accountability from the point of view of the judiciary” , an exploratory field study in Jordan, Amman, Jordan.
Al-Sharkawy, Massad Mahmoud (2009). “Principles of Financial Accounting” , first edition, Ithraa Publishing and Distribution, Amman, Jordan.
Bani Atta , Haider Muhammad Ali (2017), “Introduction to Accounting and Auditing Theory” First Edition, Dar Al-Hamid Publishing and Distribution, Amman, Jordan.
Daniel, D. M. (2006), Auditor New Procedures for Detecting Fraud; ED's Proposed Changes Address Fraudulent Financial Statements, Journal of Accountancy, 193(5) .
Hanan, Radwan Helwa et al (2004), “ Fundamentals of Financial Accounting” , Dar Al-Hamid for Publishing and Distribution, Amman, Jordan.
Hussain Khaled Abdel-Sabour Mohamed (2011), “Using the Principles of Governance in Building A scientific framework for forensic accounting with a field study”, master thesis, ,Suez Canal University, Faculty of Commerce in ismailia
Jamil, Rafi Nizar (2012) “The Conceptual Framework for Judicial Accounting and Its Requirements in the Iraqi Financial Environment” , Master Thesis, College of Administration and Economics, University of Mosul
Kasum, A. S. (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, Available at: SSRN: http://ssrn.com.
Michael , D.Akers and Jodi,L. Bellovary,(2006), What is Fraud and who is responsible?, Journal of Forensic Accounting , Vol. VII .
Mock, T. Z. & Turner, J. L., (2005), Auditor Identification of Fraud Risk Factors and Their Impact on Audit Programs, Blackwell Publishing Ltd, International Journal of Auditing, 9(1) .
Owojori, A.A., & Asaolu , T. O., (2009), The Role of Forensic Accounting in Solving the Vexed Problem of Corporate World, European Journal of Scientific Research, 29(2)
Qiyasah, Firas (2019), “Understanding financial reports”, first edition, Dar Shoaa Publishing and Science, Aleppo, Syria.
Sanchez ,maria & other , (2004), A Forensic Accountant as expert withess acriminal journal of forensic accouting , Vol.5 .
Singleton &et al. (2006), Fraud Auditing and Forensic Accounting, 3rd Ed., John Wiley& Sons Inc .
Vogt, P., (2003), Forensic Accountants, Available at: http://Finance.master.com/articles/forensic accounting1