Vol. 5 No. 3 (2021)
Articles

Performance of internal scrutiny and its reflection on the achievement of the value added of the company in breach of its commitment to the requirements of the report issued by CBOK and branded “Delivering on the Promise” Field study in a sample of Iraqi

Published 2022-01-24

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Abstract

It is most significant to focus on the performance of internal scrutiny of private corporate giants because it has an impact on the company's overall performance and the added value it brings to the company in case the company's good scrutiny is reflected positively in the company's enhanced position and competition in the surrounding economic environment. Therefore, the Global Internal Audit Common Body of Knowledge: (CBOK) in 2015 affiliated with the Institute of Internal Auditors (AII) called in its report “Delivering on the Promise” on how to measure the value of internal audit performance and how it can be achieved. The internal audit department is an added value to him and the company as a whole through its good performance, which must be based on the basic functions, providing confirmation services. This study applied the requirements of this report to the major Iraqi public companies because of their influence on the Iraqi economy, which is in favour of using the Library List. The findings are that the internal audit departments of the two companies are professional and bring added value to their Foreign Service provider