The Impact of Internal Audit Functions on the Quality of Financial Statements

Abstract

This study aims to determine the impact of internal audit functions, on the quality of financial statements, that because internal audit perform professional services to help the accounting unit management to produce high quality of financial statements that can be credible for those who are interested in the economics of financial institutions. In order to achieve the objectives of the study. We conducted a field study in SONACOM (EMO), We used descriptive approach in the theoretical part, and case study approach in the practical part. The study found that there is a positive impact of internal audit functions on the quality of financial statements and accounting informations, this study recommends the necessity for organizing training for internal auditors, to increase its efficiency within the institution.

Keywords

• internal audit
• financial statements
• accounting informations
• quality
• efficiency