The impact of corporate governance on quality of financial reports: An evidence from Iraq

The purpose of the study is to examine the impact of corporate governance on the quality of financial reports of Iraqi private companies. The importance of the study is to mention on the positive effects of applying corporate governance which has dimension like fairness, equity, transparency, responsibility, accountability and independence, and the aspects in enhancing the quality of the financial reports. In order to reach the current study's purpose, a sample of 109 board of directors and medium executive administration members selected from Iraqi private companies. They contribute through answering the questionnaire statements which self-administers and spread via the internet by email. The independent variable is corporate governance in this study and the quality of financial reports represents the dependent variable. The problem studies determine examining lot of questions concentrating on nature of impact and the relationship between corporate governance and the quality of financial reports. Accordingly, a conceptual outline is designed for the study and numerous hypotheses are produced. In order to declaration if the hypotheses are accept or not, are expose to statistical tests. The statistical tests study results show that the high correlations between the dependent variables and the independent variables. In addition, it is found that corporate governance plays a positive significance impact on quality of financial reports.