The impact of internal audit on improving the quality of profits (An applied study on a sample of private banks listed on the Iraq Stock Exchange)

Abstract

 The purpose of this study was to determine the effect of internal auditing quality on profit quality for Iraqi private banks represented by the governmental and private sectors, using the independent variable internal auditing and the dependent variable profit quality. Based on published questionnaires for a sample of Iraqi banks listed on the Iraq Stock Exchange, quantitative data were used for this purpose, and the SPSS program was used for statistical analysis of this data through correlation and regression models to examine the nature of the relationship and the effect between the variables of the study.  200 questionnaires were distributed, with 188 valid responses for analysis. The response rate was 96% when using the response equation. The article concluded that all elements of internal auditing quality had an impact on profit quality. The study advised that more studies be conducted to illustrate the importance of internal auditing quality within banks, as well as its role in protecting banks' resources from waste and misuse.