The Role of Corporate Governance Mechanisms in Reducing Risks and Improving the Performance of Tax Authorities: An Applied Study

Abstract

The research purposes to shed light on the concept of business governance, its status and justifications, as well as to review its most important mechanisms with a focus on the role of the audit committee mechanism in reducing risks and improving performance, and to detect these undesirable practices and try to highlight their impact on work and accounting results. A basic premise has been put forward: an audit committee mechanism can help reduce risk and improve the performance of tax authorities. The research has been applied in the Iraqi General Tax Authority. For the purpose of achieving the objectives of the research and testing its hypothesis, the role of the audit committee mechanism in reducing risks and improving the performance of tax authorities has been shown. The researcher came to a number of conclusions, the most significant of which was that effective corporate governance must be implemented in conjunction with good and ongoing application process monitoring. It also must address issues head-on in order to lower risks and enhance the effectiveness of tax authorities.