"The Effect Of The Complementary Relationship Between Internal Audit And The Audit Committee In Improving The Effectiveness Of The Internal Control System"

Abstract

This study aimed to identify the impact of the relationship between the internal audit and the audit committee in improving the effectiveness of the internal control structure and to shed light on the literature interested in internal audit and the audit committee. The Audit Committee is one of the main committees of the Board of Directors that works to support the independence of the internal audit function. Internal audit is an independent and evaluative activity, which also aims to discover cases of fraud and financial and administrative fraud that occur in the economic institution and work to address them. The researcher collected information by designing a questionnaire that included three axes, and each axis contained ten questions with the aim of answering them by a group of internal auditors and academic accountants. Where the answers of the study sample members were analyzed using the SPSS statistical analysis program to reach the conclusions and recommendations of the research. A set of conclusions has been reached, the most important of which is the presence of a strong and solid internal audit device that enhances the commitment of the employees of the economic institution to the instructions, controls and laws, which improves the component of the control environment, as well as increases the efficiency of the internal control structure. And standing on the recommendations, the most important of which is the increasing role of the internal audit and the audit committee and relying on the reports prepared by the internal auditor and the audit committee, which would discover errors and financial and administrative violations and provide appropriate solutions for that