Abstract

The research aims to achieve the goals that meet the interests of the economic units of the research sample and that are consistent with their future interests by managing the various axes of work of these units by clarifying the role of governance and its mechanisms in enhancing the quality of financial reports of economic units, as well as identifying the weaknesses that lead to the units not performing their responsibilities properly and thus affecting the goals prepared by the management of these units and reflecting this on the quality of their final financial reports. In order to achieve these goals, a questionnaire was prepared that includes two axes: governance and the quality of financial reports. The research sample consists of a group of private sector banks in Wasit Governorate.. There is a link between governance and the production of accounting information through The contribution of governance mechanisms to the disclosure and transparency of accounting information, which helps economic units avoid financial crises and issue financial reports that reflect the actual reality. These actual reports are evidence of the lack of profit management, which makes them trustworthy for users. One of the most prominent recommendations of the research is to adopt the concept of governance in some economic units by issuing legal legislation that obligates them to adhere to its mechanisms by forming specialized committees consisting of experts and specialized academics. These committees work to enhance understanding of governance issues, review and evaluate the