The role of forensic accounting in achieving the institutional dimension of sustainable development

Abstract

The subject of forensic accounting is one of the important topics in the science of accounting, which has received great attention from researchers and writers because of its major role in revealing the bases of fraud, corruption, and financial fraud in economic units and their various sectors. The research starts from a basic problem, which is the extent of accounting’s contribution. The judiciary in achieving the institutional dimension of sustainable development. The research aims to clarify the concepts of judicial accounting and the institutional dimension of sustainable development and to explain the relationship that links them. To achieve the goal of the research, the researchers made a questionnaire consisting of two axes to test the research hypothesis, which states (there is a statistically significant influence relationship for accounting). The judiciary in achieving the institutional dimension of sustainable development) and the target research community were employees of the Federal Office of Financial Supervision and its affiliated bodies in Baghdad. The researchers reached a set of conclusions, the most important of which is that despite the lack of familiarity and lack of interest in the forensic accounting profession, working with it in the local environment is an effective tool for evaluating the performance of economic units and strengthening their internal control systems, which leads to enhancing the institutional performance of these units in their various governmental and private sectors. By uncovering areas of corruption and financial fraud, and strengthening internal control through forensic accounting helps develop the performance of the economic unit and improve the quality of supervisory reports. Accordingly, the researchers recommend the need to work on circulating the concept of forensic accounting in academic circles, provide the necessary education for it, and explain its important role in reducing corruption and financial fraud activities and strengthening internal control systems, and for concerned authorities in the local environment to pay greater attention to strengthening the field of forensic accounting and developing related training and educational programs. In this regard, there should be continuous efforts to establish local standards that regulate the practice of the forensic accounting profession, ensuring independence and high professionalism in this field and developing the expert’s work in line with the requirements of forensic accounting. The researchers present a set of proposed titles, including the role of forensic accounting in achieving the cultural dimension of sustainable development, forensic accounting and its role in achieving the technical or technological dimension of sustainable development