Statement of the Impact of Internal Auditing on the outputs of the Accounting system in the Jordanian Commercial Banks sector

Abstract

The research aims to identify the impact of internal auditing on the outputs of the accounting system in the Jordanian commercial banks. The research seeks to demonstrate the adequacy of the internal audit unit and the internal control system in the Jordanian commercial banks, and to demonstrate the importance of internal auditing in achieving accounting reports and data and their conformity with the objective policies and systems in the Jordanian commercial banks. It also tries to identify the obstacles facing the internal audit process in the Jordanian commercial banks, and to indicate the impact of the independence of the internal auditor and the validity of his work on registering the mission of the external auditor. The study population consists of Jordanian commercial banks according to the classification of the Central Bank to them. This classification includes the following banks: Arab Bank, Jordan National Bank, Bank of Jordan, Cairo-Amman Bank, Housing Bank, Jordan Kuwait Bank, Jordan and Gulf Bank, Bank of Arab Banking Institutions (Jordan), Exports and Finance banks. In the process of collecting the necessary data, the researcher has relied on two main types of data: primary data and secondary data. He has followed the analytical descriptive approach and concluded that there is a relationship between the obstacles and difficulties faced by the internal audit process in Jordanian commercial banks and the integrity of the outputs of the accounting system in these banks. There is a relationship between internal auditing and the validity and integrity of the financial statements and accounting reports in Jordanian banks, and internal auditing increases the validity and integrity of these statements and reports. The study has confirmed that internal audit helps to raise the level of production efficiency and adherence to administrative policies and decisions.