Effectiveness of Internal Audit

Ever since the last two decades of the 20th century and the beginning of the 21st century, the accounting and auditing profession has faced numerous problems resulting from the collapse of major public shareholding companies in the United States, the United Kingdom, Canada, Australia and other countries, and the loss of billions of dollars, And the failure of external auditors, but some collusion in the disclosure of such abuses, and take appropriate professional action, as well as the decline of the role of internal auditors to play an effective role in the face of the phenomenon of financial corruption attributable to those companies, despite the The tremendous professional and technical developments that supported the audit profession both internal and external. The internal audit function is one of the cores of the effectiveness of jobs in various economic projects, the most important means by which rely on modern scientific management in the provision of data and information accurately and orderly and needed to make decisions and assist them in examining systems where the evaluation and safety, in the form that allows to be the goals and targets for all areas under revision. In recent years, business environment-organizations have faced rapid changes in expanded regulatory requirements and technological advances. These changes have given the internal audit function a place in the front seat to assist States in fulfilling their responsibilities. That the effectiveness of the internal audit function has become a major support function for senior management, the Board of Directors and the Audit Committee. The head of the Institute of Internal Auditors (Gerry Cox, 2007) says that today's internal auditor works hard with senior management to find solutions, adding that the internal auditor has become more focused on adding value to the organization from finding a mistake.