The effect of using the Balanced Scorecard (BSC) on reducing the financial and administrative corruption in Iraqi Government Units

https://doi.org/10.35912/ijfam.v4i1.732
Published: Jun 20, 2022

Abstract:

Purpose: This research aims to explore the importance application the Balanced Scorecard (BSC) to the accountants and auditors in government units, which in turn contributes to raising the efficiency of scientific and practical performance as one of the fights against financial and administrative corruption suffered by the majority of the government units in Iraq.

Research methodology: This research used a statistical method in the analysis and measurement by using (SPSS) program to extract the necessary statistical indicators to determine the impact of the independent variables (BSC) on the dependent variable (financial and administrative corruption).

Results: There is a significant correlation between the Balanced Scorecard (BSC) and the professional performance efficiency of accountants and auditors, as well as a significant correlation between the Balanced Scorecard (BSC) and the fight against financial and administrative corruption.

Limitations: There is a conflict between legislation, laws, and administrative controls in some measures of the balanced scorecard. Besides that, the lack of transparency and impartiality of the employees responsible for setting the balanced scorecard measures, as well as the other parties

Contribution: Find recommended the need to apply the balanced scorecard in the evaluation of the efficiency and improve the performance of the work of accountants and auditors, and the need for government units in the city of Samawah-Iraq, the establishment of training courses, seminars, workshops, and giving lectures specialized in combating financial and administrative corruption that is prevalent in the majority of government units.

Keywords:
1. Decision
2. Financial reporting
3. Financial statement
4. Investment
5. Regulatory bodies
Authors:
1 . Saoud Jayed Mashkour Alamry
Mazaya University College, Iraq
2 . Hayder Abbas Al-Attar
Al-Muthanna University, Al-Muthanna, Iraq
3 . Abdulhadi Salman Salih
Mazaya University College, Iraq
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How to Cite
Alamry, S. J. M., Al-Attar, H. A., & Salih, A. S. (2022). The effect of using the Balanced Scorecard (BSC) on reducing the financial and administrative corruption in Iraqi Government Units. International Journal of Financial, Accounting, and Management, 4(1), 67–83. https://doi.org/10.35912/ijfam.v4i1.732
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Issue & Section
Vol. 4 No. 1 (2022): June
Articles
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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

References

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    Al – Hosseini, M. M., Al-Tamimi, L. A., & Kadhim, E. H. (2019). Reducing Financial and Administrative Corruption Through the Ingredients of the Internal Control System. Research Journal of Finance and Accounting, 10(16).

    Al-Hizan, O. B. F. (2008). Evaluation of the Balanced Performance Scale as a Tool for Strategic Performance Management in the Kingdom of Saudi Arabia. King Saud University.

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    Al-Salem, A. A. (2010). Towards the establishment of an organizational culture that fights administrative corruption in public organizations. Administrative Research Journal.

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    Taqa, M. R. (2017). Administrative and financial corruption in Iraq Government and social dimensions and ways of treatment. Rawabet Center for Research and Strategic Studies. https://rawabetcenter.com/archives/43232.

  1. Ahmed, N. H. I. (2020). Mechanisms to combat financial and administrative corruption in Iraq. Al-Farahedy University - The College of Law, Journal of Political Science, 1(8), 525-39.
  2. Al – Hosseini, M. M., Al-Tamimi, L. A., & Kadhim, E. H. (2019). Reducing Financial and Administrative Corruption Through the Ingredients of the Internal Control System. Research Journal of Finance and Accounting, 10(16).
  3. Al-Hizan, O. B. F. (2008). Evaluation of the Balanced Performance Scale as a Tool for Strategic Performance Management in the Kingdom of Saudi Arabia. King Saud University.
  4. Al-Natour, J. R. A. Q. (2005). The effect of applying the balanced scorecard criteria on the investment decision in the Jordanian industrial companies. Master’s Thesis, Ahl al-Bayt University.
  5. Al-Nawas, R. O., & Abdul-Jabbar, M. H. (2015). The Role of Internal Audit in Reducing Financial Corruption. Al-Muthanna Journal for Administrative and Government Sciences, Special Issue of the Eighth Annual Arab Accounting Forum, Iraqi Accountants and Auditors Syndicate.
  6. Al-Salem, A. A. (2010). Towards the establishment of an organizational culture that fights administrative corruption in public organizations. Administrative Research Journal.
  7. Al-Waeli, A. J., Hanoon, R. N., Ageeb, H. A., & Idan, H. Z. (2020). Impact of Accounting Information System on Financial Performance with the Moderating Role of Internal Control in Iraqi Industrial Companies: An Analytical Study. Journal of Advanced Research in Dynamical and Control Systems, 12(8), 246–261.
  8. Amegayibor, G. K., & Coast, C. (2021). Leadership styles and employees’ performance: A case of family-owned manufacturing company, Cape Coast. International Journal of Financial, Accounting, and Management (IJFAM), 3(2), 149–164.
  9. Brock, T. (2021). Retrieved from: https://www.investopedia.com/terms/m/mergersandacquisitions.asp.
  10. Charles, J. P. (2009). Balanced Scorecard application and Model Building A survey and comparison of the manufactured Accounting Quarterly.
  11. Chigora, F., Kapesa, T., & Svongoro, P. (2021). Revisiting nation branding?: An infrastructure financing perspective in Zimbabwe. International Journal of Financial, Accounting, and Management (IJFAM), 3(2), 179–192.
  12. Garrison, R. H., Eric, W. N., & Peter, C. B. (2010). Balanced Scorecard, thirteenth Edition, USA: MC Grew Hill.
  13. Hammad, T. A. (2011). Innovative Accounting - Its Motives - Methods and Effects. University House for Publishing, Alexandria.
  14. Hendricks, K., Menor, L., Wiedman, C., & Richardson, S (2004). The Balanced scorecard: To adopt or not to adopt. Ivey Business Journal, 69(2), 1-7.
  15. Hunja, R. (2015). Retrieved from: https://blogs.worldbank.org/team/robert-hunja/
  16. Hussein, N. S. (2013). Accounting violations and their impact on the spread of the phenomenon of financial and administrative corruption. Journal of Integrity and Transparency for Research and Studies.
  17. Hussein, S. A. (2014). Administrative corruption, its causes, effects and ways to combat it: Integrity and Transparency Journal for Research and Studies.
  18. Idrissi, I. El, & Alami, Y. (2021). The financial impacts of board mechanisms on performance: The case of listed Moroccan banks. International Journal of Financial, Accounting, and Management (IJFAM), 3(2), 93–113.
  19. Kaplan, R. S., & Norton, D. P. (1992). The Balanced Scorecard—Measures that Drive Performance. Harvard Business Review. Retrieved from: https://hbr.org/1992/01/the-balanced-scorecard-measures-that-drive-performance-2.
  20. Kaplan, R. S., & Norton, D. P. (2004). Measuring the Strategic Readiness of Intangible Assets. Harvard Business Review.
  21. Mashkour, S. J., & Abed, H. A. (2015). Corporate Governance System and Accounting Information Quality as a Contemporary Introduction to Financial and Administrative Reform in Iraq. Al-Muthanna Journal for Administrative and Government Sciences, Special Issue of the Eighth Annual Arab Accounting Forum, Iraqi Accountants and Auditors Syndicate.
  22. Mohamed, K. A. S., Al-waeli, A. J., & Rasheed, H. S. (2020). the Role of Disclosure of Future Financial Information in Maximizing the Value of Company in Iraqi. International Journal of Management (IJM), 337–349.
  23. Perkins, B. (2021). What is the balanced scorecard? A framework for organizational success. Retrieved from: https://www.cio.com/article/222140/what-is-the-balanced-scorecard-a-framework-for-organizational-success.html.
  24. Power J. D. (2021). The Key Indicators and Drivers of Performance. Retrieved from: https://canada.jdpower.com/benchmarks
  25. Robins, A. (2013). Organizational behavior. USA: Prentice Hall.
  26. Shanjabin, S., & Oyshi, A. H. (2021). The comparative analysis of FMCG enterprises’ vision, mission, and core values focusing on strategic human resources. International Journal of Financial, Accounting, and Management (IJFAM), 3(2), 115–128.
  27. Taqa, M. R. (2017). Administrative and financial corruption in Iraq Government and social dimensions and ways of treatment. Rawabet Center for Research and Strategic Studies. https://rawabetcenter.com/archives/43232.