THE IMPORTANCE OF STUDYING AND ANALYZING THE FACTORS AFFECTING THE QUALITY OF THE INTERNAL CONTROL SYSTEM IN ENHANCING THE TASKS AND DUTIES OF THE EXTERNAL AUDITOR

Abstract

The importance of the study stems from the problem posed by researchers as a result of the increase in accounting scandals in recent times. Internal control has received great attention as an effective contributor to corporate governance and financial reports. Therefore, the problem of the study is what are the factors affecting in raising the efficiency and effectiveness of the internal control unit, which has its role The significant enhancement of the functions and duties of the external auditor. The main objective of the study is to know the factors affecting the effectiveness of internal control systems and their role in enhancing the tasks and duties of the external auditor, and to identify the most significant obstacles that limit the effectiveness of internal control systems. The most important conclusions were the presence of rapid and large-growth developments in the business environment that cause complications in economic activities, as they need to increase the efficiency and capacity of the external auditor to control the supervisory aspects and enhance the requirements of financial reporting standards. All standard deviations were very acceptable and within the range, indicating the decline in the dispersion of the data. As for the most important recommendations of the study, the researchers recommended that the authorities responsible for the internal control systems should pay the necessary attention by focusing on the essential administrative and financial components affecting the effectiveness of the internal control systems and their good application to ensure the quality and strength of the internal control systems and their achievement of the objectives assigned to them.