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Abstract

This study addresses the critical issue of accounting irregularities, focusing on their prevalence within South African firms and the broader global context. The paper highlights numerous high-profile cases of financial misstatement, including the infamous Enron scandal, and examines their profound impacts on trust and accountability in the financial industry. These cases underscore the importance of transparency and accountability in finance, emphasizing the need for rigorous auditing and ethical practices to prevent future occurrences. The research adopts a mixed-methods approach, integrating qualitative and quantitative methodologies to offer a comprehensive perspective on financial statement fraud detection. This approach is particularly apt for the complex, multifaceted nature of finance and accounting disciplines in the social sciences. The study utilizes a range of research designs, including exploratory, descriptive, correlational, and causal-comparative methods, to investigate a target population drawn from 20 companies linked to the Johannesburg Stock Exchange. Data analysis in the study leverages both qualitative and quantitative techniques, enabling the identification of significant patterns and trends in financial irregularities. The research findings contribute to a deeper understanding of financial transparency, providing valuable insights for professional organizations, governments, and academics engaged in safeguarding financial systems and promoting corporate trust. Overall, this study serves as a vital resource in understanding and combating financial statement fraud, highlighting the ongoing efforts and strategies necessary to maintain integrity in financial reporting and corporate governance.

Keywords

Corporate Fraud Financial Irregularities Johannesburg Stock Exchange (JSE) Accounting Manipulation South African Firms

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Emmanuel, N., & Quao , K. H. . (2023). The Impact of Corporate Governance on Financial Statement Integrity: A Study of Accounting Irregularities in South African Firms. Convergence Chronicles, 5(1), 221–237. https://doi.org/10.53075/Ijmsirq/654567535346
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