The Role of Control and Internal Audit in Enhancing the Efficiency of Institutional Performance

This research seeks to analyze and evaluate the role of internal oversight and auditing in enhancing the efficiency of institutional performance within the Basra Oil Company in Iraq, a vital institution requiring high levels of administrative and financial discipline. The research relied on a descriptive analytical approach, in addition to a quantitative approach through a questionnaire distributed to a sample of 300 employees from various departments.
The results revealed a tangible impact of oversight and auditing in reducing excess expenditures, limiting the recurrence of operational errors, and achieving the efficient use of resources. They also demonstrated the effectiveness of oversight in early detection of deviations and weaknesses in administrative systems, reflecting a growing organizational awareness of the importance of the oversight function.
Despite senior management's interest in oversight reports, the research results indicated that recommendations are not always implemented as required due to weak follow-up mechanisms or a lack of linkage between recommendations and administrative performance plans. The research also demonstrated that the whistleblowing system needs to enhance confidence and job protection for whistleblowers. The study recommends developing the efficiency of audit teams, establishing executive follow-up committees, and improving the regulatory environment that supports the implementation of recommendations. It also emphasizes the importance of integrating oversight and auditing within a broader corporate governance framework to ensure continuity and efficiency.