The relationship between internal censorship components by the existing coso framework and the performance of the external auditor : an exploratory study on the accounts in some audit offices

الملخص EN

The research aims to enhance intellectual knowledge about the internal control framework that brings together the updated components of Coso, also seeks to evaluate the internal control framework according to the updated Coso framework in Iraqi private banks, the research sample and the effect of the components of the updated Coso framework on the performance of the external Auditor, and the research community is made up of auditors External employees working in the companies and offices of the external auditors, as well as the internal auditors, are working in the internal audit departments in the private banks listed in the Iraq Stock Exchange.

For the purpose of testing the hypotheses, fifteen of the Iraqi private banks were chosen.

The survey forms were distributed to a sample of the internal auditors working in those banks, and there was a discrepancy between the private banks in applying the components of internal control according to the (updated Coso framework) consisting of the control environment, risk assessment, Oversight activities, information and communications, and follow-up and oversight.

A questionnaire was also distributed, which included five axes for each axis, a set of questions based on the survey forms, and they were distributed to the offices of external auditors to show the impact of the internal control components according to (updated Coso framework) on the performance of the external Auditor.

Among the most prominent conclusions reached by the study: Whenever the internal control system becomes coherent and robust, this is reflected in the performance of the external Auditor, as it leads to a reduction in the sample size, effort and time, and leads to a reduction in the risks to which the unit is exposed and seeking to achieve its The research aims to enhance intellectual knowledge about the internal control framework that brings together the updated components of Coso, also seeks to evaluate the internal control framework according to the updated Coso framework in Iraqi private banks, the research sample and the effect of the components of the updated Coso framework on the performance of the external Auditor, and the research community is made up of auditors External employees working in the companies and offices of the external auditors, as well as the internal auditors, are working in the internal audit departments in the private banks listed in the Iraq Stock Exchange.

For the purpose of testing the hypotheses, fifteen of the Iraqi private banks were chosen.

The survey forms were distributed to a sample of the internal auditors working in those banks, and there was a discrepancy between the private banks in applying the components of internal control according to the (updated Coso framework) consisting of the control environment, risk assessment, Oversight activities, information and communications, and follow-up and oversight.

A questionnaire was also distributed, which included five axes for each axis, a set of questions based on the survey forms, and they were distributed to the offices of external auditors to show the impact of the internal control components according to (updated Coso framework) on the performance of the external Auditor.

Among the most prominent conclusions reached by the study: Whenever the internal control system becomes coherent and robust, this is reflected in the performance of the external Auditor, as it leads to a reduction in the sample size, effort and time, and leads to a reduction in the risks to which the unit is exposed and seeking to achieve its goals.