Vol: 15, Issue: 4 2025

Page: 126-135

The Role of Financial Oversight in Reducing Financial Corruption: A Descriptive and Analytical Study at Asiacell Telecommunications Company

Rasha Noori Lateef, Qasim Ibrahim Abed

Received Date: 2025-10-26

Accepted Date: 2025-12-11

Published Date: 2025-12-20

http://doi.org/10.37648/ijtbm.v15i04.009

This study seeks to examine the effect of financial control on financial corruption through the state of financial control at Asiacell Telecommunications Company. The research method was descriptive-analytical and the main tool used was a questionnaire. The research involved a sample of 70 financial and administrative employees. The study examined the financial control variable in terms of its dimensions (internal control, internal audit, and transparency and disclosure), and financial corruption in terms of its dimensions (bribery and abusing power, embezzlement and financial manipulation, and the absence of transparency and control).

References

• Al-Azzawi, M. K. (2020). The impact of internal control on reducing financial corruption [Master's thesis, University of Baghdad].
• Al-Shammari, A. H. (2021). The role of financial control in improving financial performance in governmental institutions. Journal of Economic and Administrative Sciences, 27(3), 25–40.
• Al-Tamimi, S. A. (2022). Financial transparency and its relationship to internal control systems. Journal of Modern Management, 14(2), 80–98.
• Albrecht, W. S., Albrecht, C. O., Albrecht, C. C., & Zimbelman, M. F. (2021). Fraud examination and financial control systems. Journal of Forensic Accounting, 12(1), 10–25.
• Arena, M., & Azzone, G. (2020). Internal audit effectiveness and organizational governance. Journal of Accounting & Organizational Change, 16(1), 80–102.
• Bushman, R., Piotroski, J., & Smith, A. (2020). Financial accounting information, organizational complexity and corporate transparency. Journal of Accounting Research, 58(2), 30–60.
• Chen, Y., Wang, J., & Lee, C. (2020). Financial control and corporate governance mechanisms. Journal of Corporate Finance, 62, 230–245.
• Committee of Sponsoring Organizations of the Treadway Commission (COSO). (2019). Internal control — integrated framework. COSO.
• Hassan, M., & Othman, R. (2022). Internal control effectiveness and financial performance. International Journal of Accounting Research, 10(2), 50–66.
• Heidenheimer, A. J., & Johnston, M. (2019). Political corruption: Concepts and contexts (4th ed.). Routledge.
• Hussein, A. J. (2019). Evaluating the financial control system and its role in the quality of financial reports [Doctoral dissertation, Al-Mustansiriya University].
• Institute of Internal Auditors (IIA). (2020). International professional practices framework (IPPF). IIA.
• International Federation of Accountants (IFAC). (2020). International framework: Good governance and financial accountability. IFAC.
• Jassem, F. A. (2020). The impact of financial control systems on protecting financial resources [Doctoral dissertation, University of Basra].
• Kassem, R., & Higson, A. (2019). The effectiveness of internal audit in fraud detection. Managerial Auditing Journal, 34(1), 90–110.
• Mauro, P. (2019). Corruption and growth. Quarterly Journal of Economics, 110(3), 681–712.
• Organisation for Economic Co-operation and Development (OECD). (2020). OECD anti-corruption report. OECD.
• Romney, M. B., & Steinbart, P. J. (2021). Accounting information systems (15th ed.). Pearson.
• Rose-Ackerman, S., & Palifka, B. J. (2019). Corruption and government: Causes, consequences, and reform (2nd ed.). Cambridge University Press.
• Saleh, M. A. K. (2021). The role of financial control in supporting administrative decisions [Master's thesis, University of Mosul].
• Transparency International. (2020). Corruption perceptions index report. Transparency International.