Internal Audit as a Tool to Improve the Performance of the Economic Institution

Abstract

This study aimed to shed light on the extent of the importance of internal auditing in improving the performance of all economic institutions and clarifying the main role of the internal auditor in measuring efficiency and effectiveness within the institution, evaluating. the internal control system, activating the risk management system, and supporting governance. With the review of the concept of internal audit and clarifying its importance, objectives, and principals, and to refer to his role in light of the new orientation of the concept of internal audit presented in providing recommendations and consultations for the optimal management of the institution and efficient performance its operations. The study found these most important results: The most important of them is that the internal audit, which is characterized by independence and efficiency and performance and effectiveness in planning, contributes in limiting or minimizing risks, improving internal control systems, embodying governance and rationalizing decisions, it has real independence, because it is the main engine for driving the wheel of good performance and management in the economic institution.