Presenting a Model for Improving Good Governance Indicators based on the Components of the Indigenous Model of Public Purpose Financial Reporting using a Combined Approach of HoQ and OPA

The spread of accounting scandals has prompted the need to improve the relationship between financial reporting and the creation of good governance structures; therefore, identifying factors and drivers such as financial reporting in the public sector that can assess the characteristics of good governance in the country is of great importance. For this purpose, the present study has presented a model for improving good governance indicators based on the components of the indigenous model of public purpose financial reporting. The statistical sample of this study in the quantitative part was 140 experts in the field of finance in the public sector, including managers of the General Directorate of the Ministry of Economy and Finance, accountants of executive agencies, auditors of the Court of Accounts and senior managers of the Planning and Budget Organization, as well as accounting professors with at least a master's degree and at least ten years of work experience. In the qualitative section, after conducting 10 interviews with experts, the data reached theoretical saturation. Accordingly, 19 indicators were first extracted as financial reporting indicators in the public sector by interviewing experts, and all indicators were considered as important indicators using the fuzzy Delphi technique. Then, using confirmatory factor analysis, the validity and reliability of the proposed model were confirmed using construct-convergent validity and composite reliability, respectively. In the final section, the relationship between good governance indicators and indicators of financial reporting indicators for public purposes was examined. For this purpose, the weight of each of the indicators of good governance indicators was first obtained based on the World Bank definition using the OPA technique; accordingly, "rule of law, corruption control, government effectiveness, quality of laws and regulations, right to express opinions and accountability, political stability" were assigned the first to sixth ranks respectively; Next, the relationships between the indicators of good governance and the indicators of general purpose financial reporting were determined based on the opinions of experts; and based on these two, the weight and rank of the indicators of good governance were determined. Accordingly, "preventing corruption, improving laws and standards, eliminating weaknesses in laws and regulations, and accountability" were ranked first to fourth, respectively. The results of this study can provide new insights to decision-makers in the field of governance in order to improve its indicators based on financial reporting.