Internal auditing as one of the most important internal mechanisms for embodying the principles of Corporate Governance

Abstract

The audit function is considered among the most important jobs in companies, because of the great interest in it and the many benefits it  provides to companies such as fraud  detection, carrying out control operations and providing  consulting services.  Through this study,  we aim to clarify the contribution of  internal audit as a mechanism in the effective and good  application of corporate governance,  as it is an important  mechanism of corporate governance embodiment  mechanisms, the latter which seeks through  auditing,  especially internal auditing, to ensure effective control of the  company's activity and the detection of fraudulent practices.  The  study concluded that the task and role of internal audit  does not end at this point. Rather, the development of its  standards has made it  a tool for providing advisory services and solutions to the problems facing companies, and an effective element of control over their performance.