Abstract

 The internal audit department of most of the Iraqi banks is facing several problems that limit their ability to curb the administrative and financial violations and abuses. Technical problems are attributed to a number of reasons. The main reason is the weakness of the staff in the departments in terms of academic qualification and practical experience. The other reason is the limited support from senior management to these units in terms of providing specialized competencies and other resources. Due to that, these departments were not able to execute the critical tasks of auditing and monitoring the banks and ensuring compliance with the approved controls and policies. The auditing profession, with its professional foundations and standards. It is an essential element in the discovery of weaknesses and shortcomings in institutions. With the use of analytical tools and his professional skills, the auditor traces irrational financial and administrative practices. This makes the internal audit an important oversight tool that enhances transparency and ensures institutional commitment to the protection of public and private funds. Additionally, how well an audit system works relies on people being honest within that institution and its processes.