Accounting and corruption: a cross‐country analysis

Ricardo Malagueño, Chad Albrecht, Christopher Ainge and Nate Stephens

Journal of Money Laundering Control, 2010, vol. 13, issue 4, 372-393

Abstract: Purpose - The purpose of this paper is to better understand the relationship between accounting and auditing quality and the perceived level of corruption. Design/methodology/approach - This relationship is studied by performing a cross‐country analysis using public data to measure accounting quality, audit quality, and corruption. Findings - Consistent with the authors' predictions, the paper finds evidence that accounting and auditing quality are significantly related to the level of perceived corruption in a country. Research limitations/implications - These findings suggest that countries with more transparent reporting have lower levels of perceived corruption and that the level of perceived corruption may be reduced in a country by improving accounting and auditing quality. Practical implications - The findings suggest that countries can reduce the level of perceived corruption by improving the transparency of financial reporting by improving accounting and auditing standards. Originality/value - While significant amounts of research has examined perceived corruption, this study is the first to address the impact of high‐quality accounting information on the level of perceived corruption.

Keywords: Corporate governance; Accounting systems; Auditing; Corruption (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:13685201011083885

DOI: 10.1108/13685201011083885

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