The Impact of Forensic Accounting on Corporate Governance and Compliance

Abstract

This study investigates the impact of forensic accounting on corporate governance and compliance in the Kurdistan region of Iraq. Utilizing a quantitative research design, data was collected from 177 accountants across various industries. The results strongly support the hypotheses that forensic accounting significantly enhances fraud detection, internal controls, financial reporting accuracy, regulatory compliance, and overall corporate governance. Statistical analyses, including T-tests, Chi-Square tests, and multivariate regression, demonstrate the substantial positive influence of forensic accounting practices. Additionally, the study highlights the effectiveness of targeted training and resource allocation in mitigating challenges associated with implementing forensic accounting. Despite robust findings, limitations such as sample size and self-reported data are acknowledged. Future research should expand the sample size, employ longitudinal designs, and explore comparative and qualitative approaches to provide a more comprehensive understanding. This study underscores the critical role of forensic accounting in fostering transparency, accountability, and ethical behavior within organizations, offering valuable insights for businesses, regulators, and policymakers in enhancing corporate governance frameworks.