The Role of Internal Audit in Strengthening The Governance System and Reducing Institutional Risks

The extract This research aims to study the role of internal audit in strengthening the principles of governance, reducing corporate risks and improving the efficiency of internal control within organizations, in light of the regulatory and supervisory challenges facing the modern business environment. The importance of the study stems from the need to activate the role of internal audit as a control tool that contributes to enhancing transparency and accountability and improving enterprise risk management. The study sought to clarify the nature of the relationship between internal audit, corporate governance and corporate risks, and measure the impact of internal audit in supporting internal control systems and improving the efficiency of corporate performance. The study adopted the descriptive analytical approach, and the data was collected using a questionnaire designed according to the five-point Likert scale, and distributed to an intentional sample of (120) individuals working in internal audit, internal control, risk management and governance within the institutions under study. The study also used a combination of statistical methods such as cronbach's Alpha coefficient, T-Test, and Pearson correlation coefficient using SPSS v29 software. The results of the study showed that there is a statistically significant impact of internal audit in strengthening the principles of governance within organizations, as well as an effective role of internal audit in reducing corporate risks and improving the efficiency of internal control. The results also revealed a strong positive correlation between internal audit, corporate governance and corporate risk. The study recommended the need to strengthen the independence of Internal Audit Units, develop the skills of internal auditors, support the application of governance principles and rely on modern technologies in audit and risk management.