Internal control and its role in enhancing the credibility of financial reporting and transparency: an exploratory study of the opinions of a sample of auditors at the Northern Technical University

Abstract

This study aims to identify the correlation and effect between internal control (an independent variable) and its dimensions represented by (control environment, information and communication systems, control procedures, risk assessment, control) and transparency as a (dependent variable) through its dimensions represented by (trust and empowerment, Issue, Integrity, Participation) through a survey of the opinions of a sample of accountants and auditors at the Northern Technical University. To achieve the goal of the study, a questionnaire was prepared and distributed in the researched organization as a random sample of ( ) individuals. The study relied on the descriptive analytical approach to answer the hypotheses of the study and reach the results. The study concluded that internal control has a positive and significant impact on transparency, while the influence process extended to reflect the impact of each dimension of internal control on transparency. The study recommended the need to work on continuous training for accountants and auditors to deepen their awareness of the importance of internal control in order to achieve transparency and conduct more studies to serve Iraqi organizations.