An Examination of Factors Influencing the Concealment of Legal Obligations with an Emphasis on Improving the Integrated Financial System

Abstract

The information system is a system that performs the operations of collecting and storing financial data through accounting processes and, after processing this data, produces information used by organizational decision-makers (investors, creditors, managers, etc.). The concealment of legal obligations and legal support play a crucial role in shaping a robust financial security framework, which includes creating an improved legal environment and a system for controlling financial institutions to prevent financial crimes. Understanding the factors influencing financial security is essential for strengthening legal frameworks and integrating the country into the international financial and economic space. Therefore, the main objective of this study is to examine the factors influencing the concealment of legal obligations with an emphasis on improving the integrated financial system among managers of various levels in 10 companies using ready-made financial and accounting software. This analysis was performed using PLS software. The results of this research indicate that the factors influencing the concealment of legal obligations with an emphasis on improving the integrated financial system include (transparency and information dissemination, cultural and social factors, legal processes and policy-making, resources and infrastructure, supervision, and execution). The highest correlation coefficient is observed between the variables of cultural and social factors and resources and infrastructure. Moreover, the lowest correlation is observed between cultural and social factors and supervision and execution.