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Effectiveness of Auditing in Combating Financial Corporate Corruption in Jordan from Managers’ Perspectives

Author

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  • Dr. Reem Al-Araj

    (Assistant Professor at Faculty of Administration, Middle East University. Amman.)

Abstract

The study aims at investigating the effectiveness of auditing in curbing financial corruption in Jordanian companies. Research methodology is descriptive and analytical mainly based on primary data from structured interviews with a convenient sample of corporate managers in Jordan. The study concluded that fraud, bribery, tax evasion and forging data are the most prevailing types of corporate corruption; auditors' responsibility to fight corporate corruption mainly stems from their professional ethics and social responsibility more than legal obligation; auditing measures were inadequate for combating corporate corruption; low level of auditing effectiveness exists due to obstacles facing auditors such as lack of mandate, lack of incentives, lack of appropriate training and threats to auditors. The researcher recommends that the best course of action to combat corporate corruption in Jordan is through joint efforts of internal control, external auditing, official mandate, more incentives and better training to auditors to reveal and report cases of corporate corruption in Jordan.

Suggested Citation

  • Dr. Reem Al-Araj, 2018. "Effectiveness of Auditing in Combating Financial Corporate Corruption in Jordan from Managers’ Perspectives," International Journal of Business and Social Research, LAR Center Press, vol. 8(7), pages 15-24, July.
    • Handle: RePEc:lrc:larijb:v:8:y:2018:i:7:p:15-24
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    File URL: https://thejournalofbusiness.org/index.php/site/article/view/1118/683
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    References listed on IDEAS

    as
    1. Dr. Khalil Elian Abdelrahim, 2013. "Socio-economic Dimensions, Causes and Curbing Measures of Corruption in Developing Economies with A Special Reference to Jordan," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 3(10), pages 29-40, October.
    2. Dr. Khalil Elian Abdelrahim, 2013. "Socio-economic Dimensions, Causes and Curbing Measures of Corruption in Developing Economies with A Special Reference to Jordan," International Journal of Business and Social Research, LAR Center Press, vol. 3(10), pages 29-40, October.
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    1. Dr. Reem Al-Araj, 2018. "Effectiveness of Auditing in Combating Financial Corporate Corruption in Jordan from Managers’ Perspectives," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 8(7), pages 15-24, July.

    More about this item

    Keywords

    Audit Effectiveness; Audit in Jordan; Combating Corruption.;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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