Practicing cost accounting as a control tool: towards greater transparency

The aim of this study was to examine the relationship between integrating cost accounting and auditing practices and enhancing financial transparency in business operations, and to provide a comprehensive evaluation of the impact of this relationship on decision-making processes and governance in economic entities. By utilizing statistical data analysis and multiple conclusions, the study's objectives were achieved, revealing significant findings. One of the key conclusions drawn from the study is the presence of a statistically significant relationship between integrating cost accounting and auditing practices and increasing financial transparency in business operations. This discovery enhances our understanding of the importance of the role of cost accounting and auditing in improving financial transparency and making sound decisions in companies. Additionally, the results showed that implementing mixed cost accounting and auditing systems within companies leads to enhancing financial control and reducing financial embezzlement and fraud. This underscores the importance of investing in the development and implementation of advanced cost accounting and auditing systems in companies. The study also recommended encouraging companies to adopt advanced cost accounting and auditing practices and develop effective systems to enhance financial transparency and improve decision-making processes and governance. Furthermore, it suggested enhancing support and investment in the development and implementation of mixed cost accounting and auditing systems, which would contribute to strengthening financial control and reducing cases of financial embezzlement and fraud within companies. Keywords: Cost accounting, auditing, integration of cost accounting and auditing, financial statement transparency and control.