2024, Vol. 7, Issue 2

Aim: Investigating the practical use of financial technology in Iraqi financial auditing procedures is the goal of the study. Examine the possible advantages of employing financial technology to enhance the accuracy and efficacy of financial audits. Identifying the difficulties and barriers Iraqi institutions face in attempting to use financial technology for financial auditing processes. Providing suggestions on how to maximize the use of financial technology and improve its adoption in financial audits.

Methodology: Information from 100 participants in financial auditing institutions located across multiple Iraqi cities was obtained through the use of a survey approach in conjunction with quantitative data analysis. The sample consisted of one hundred financial auditing professionals in Iraq who were selected at random to represent the range of organizations and backgrounds in this field.

Findings: It was found that most participants believed that the accuracy of the results was improved by financial technology. Because financial technology is expensive and necessitates specialized knowledge most participants experience difficulties. Top management is not as enthusiastic about incorporating financial technology into financial operations.