THE EFFECTS OF INFORMATION TECHNOLOGY ADOPTION ON THE FINANCIAL REPORTING: MODERATING ROLE OF AUDIT RISK

Use of information technology (IT) could be used to achieve effective financial reporting, which has played a crucial role in the organization's performance. This element requires the attention of regulators and new researchers. This paper studies the impact of IT adoption (perceived utility, simplicity of use, behavioral intention to use) on the financial reporting of the Iraqi petroleum business. The research also examines the moderating effect of audit risk on perceived utility, usability, and financial reporting in Iraq's petroleum business. Using survey questionnaires, the researchers collected data from the audit department of the Iraqi petroleum industry utilizing the primary data gathering method. SPSS-AMOS was also used to examine the relationships between the variables. The results revealed that perceived utility, simplicity of use. and behavioral intention to use positively correlate with financial reporting in the Iraqi petroleum industry. The results also demonstrated that audit risk moderates strongly between perceived utility, simplicity of use, and financial reporting in the Iraqi petroleum business. The article directs regulators in developing effective financial reporting laws by adopting IT and decreasing audit risk.