The Role of Law and Financial Audit Tools in Confronting the Phenomenon of Financial and Administrative Corruption: A Comparative Analytical Study

Abstract

This study aims to analyze the pivotal role of financial oversight in confronting the phenomenon of financial and administrative corruption, with a focus on the integrative relationship between the legal framework, regulatory systems, the accounting system, and corruption management strategies. The study also examines the legislative and legal mechanisms that enable the detection and treatment of corruption in public institutions.

The study adopted a comparative analytical methodology, based on a systematic review of academic literature, professional reports, and international and Arab standards in the field of governance and anti-corruption. The results concluded that the effectiveness of financial oversight depends on the existence of a solid legal framework that ensures the independence of oversight bodies, defines their powers, provides protection for whistleblowers, and obliges relevant authorities to implement audit recommendations.

The study revealed that the law plays a central role at three levels:

1. Establishment and Empowerment: Through the enactment of legislation that creates independent oversight bodies and grants them sufficient authority.
2. Prevention and Detection: By imposing financial disclosure systems, enhancing transparency, and establishing protected reporting mechanisms.
3. Accountability and Deterrence: Through specifying and enforcing deterrent penalties, and strengthening international judicial cooperation.

The results also indicated that integrating advanced oversight systems based on international accounting standards within a comprehensive national strategy to combat corruption represents a crucial element in reducing the phenomenon. The study recommends enhancing the operational and financial independence of oversight bodies, accelerating the adoption of international accounting standards, and employing digital technologies.