The Influence of Forensic Accounting Competence and Independent Audit Committee on Anti-Fraud in Firm Performance

Authors

  • Zardasht Abubaker Qader Barzinji Faculty of Applied & Human Sciences, Universiti Malaysia Perlis,Kangar, Perlis, Malaysia; Erbil Technical Administrative Institute - Erbil Polytechnic University Iraq,Erbil, Iraq
  • Wan Sallha Yusoff Faculty of Applied & Human Sciences, Universiti Malaysia Perlis,Kangar, Perlis, Malaysia
  • Mohd Sofian Mohammad Rosbi Faculty of Applied & Human Sciences, Universiti Malaysia Perlis,Kangar, Perlis, Malaysia
  • Mohd Fairuz Md Salleh Graduate School of Business, Universiti Kebangsaan Malaysia,Bangi, Selangor, Malaysia

Abstract

Anti-fraud is a special field in identifying, diagnosing and treating fraud, and entails the gathering, management, investigation, and utilisation of business data. This research investigated the effect of both the forensic accounting competence (FAC) and the independent audit committee (IUC) on anti-fraud in firms' performance of private companies registered in the Iraqi Stock Exchange, and used Smart PLS and SPSS (version 26), with a population of 94 survey participants. The result was positive for both variables on preventing fraud in the performance of Iraqi companies. As a result, the specialisation in the FAC and IUC is required in the world's most commercial and financial entities. Accounting and auditing staff have been pressured by national bodies and legislators to change their accounting curricula, include courses in forensic accounting competency, and pay attention to the audit committee because attention to these two areas properly increases the performance of companies in this work context avoid fraud. However, accounting and auditing professionals prepared according to the current curriculum have little understanding, competencies, and abilities to set organisational goals and perform them as required. As a result, this study evaluated research philosophies, cognitive research ideas, and strategies. It could be used to integrate the FAC and IUC into the best-performing economic entities.

Keywords:

Anti-Fraud, Firm Performance, Forensic Accounting Competence, Independent Audit Committee, Iraq

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Published

15-08-2024

How to Cite

Zardasht Abubaker Qader Barzinji, Wan Sallha Yusoff, Mohd Sofian Mohammad Rosbi, & Mohd Fairuz Md Salleh. (2024). The Influence of Forensic Accounting Competence and Independent Audit Committee on Anti-Fraud in Firm Performance. International Journal of Business and Technopreneurship (IJBT), 12(2), 77–88. Retrieved from https://ejournal.unimap.edu.my/index.php/ijbt/article/view/1002

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