Internal external control of the public endowment organizations

الملخص EN

This study aims to highlight the internal and external control and its close relationship with the governance of endowment organizations as well as its effect on realizing disclosure, transparency and fairness in the financial statements of the endowers and stakeholders of endowment.

In this regard, the study addresses the importance of the control role, as it is a method of applying governance rules.

The study also addresses the control effect on increasing the transparency and liability of such organization’s works, especially the proper investment of the endowment properties and the optimal distribution of the return on the endowment Shariah - compliant disbursement channels and stating the effectiveness in providing services The study also covers the concept of “the governance of endowment organization”, its objectives and importance in rooting the trust of endowers.

The study also explains the concept of “internal control”, its types such as prior and subsequent control, its fields such as accounting and administrative control and internal auditing.

In addition, the study presents the concept of “external control” and its types such as the Shariah control, financial control, administrative control, popular and governmental control system, independent auditor, and judicial control and its fields.

Moreover, the study deals with the practical experience of the internal and external control in “the Secretariat General of Endowments” in the State of Kuwait, its challenges and benefits.

The study concluded with the importance of internal and external control in rooting the rules of governance in the endowment organizations.