Anas Muhammad Zuhair Al-Haj Hussein
Business and Management Department, Ishik University, Erbil, Iraq
Email: [email protected]
Doi:10.23918/icabep2018p10
(Full Paper)
Abstract
The phenomena of financial and administrative corruption has been one of the most common ones, especially in the developing countries, which become a huge obstacle against economic development, especially after all the big collapses and scandals that hit the big companies all across the world and which are listed in the financial markets; All this led the investors and creditors to lack trust in the information revealed by firms management, and followed by loud demands to set up a framework that can effectively protect the users of the reported financial information. the purpose of this study is to introduce the concept of corporate governance, principles, objectives; and the role of corporate governance in reducing creative accounting, its role in improving the efficiency of the management in corporations. The researcher used the analytical descriptive method by projecting previous studies in developing and developed countries in this topic with an explanation of creative accounting, the incentives and the methods used practicing it, out of this theoretical projection for corporate governance and creative accounting, the researcher projected as well the principles of corporate governance and its role in limiting down the practice of creative accounting. The findings of this article are that implementing its principles is very important for the benefit of the stockholders and protecting their rights, and also its advantages to maintain sustainable economic development, as well to attract new foreign capitals.
Keywords: corporate governance, creative accounting.
ISBN 978-0-9962570-9-1
Faculty of Administrative Sciences and Economics
Tishk International University
