The role of internal auditing in corruption control and enhancing corporate governance: A board of directors’ outlook
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Ayad Hadi Abdul Bari, Rajaa Ali Abed, Roaa Mohammed Kahdim, Hussein Falah Hasan, Hussein Kadhim Sharaf 
, Ali Saad Alwan
This work is licensed under a Creative Commons Attribution 4.0 International License.
Abstract
Businesses are incorporating internal audits into their corporate governance systems at an increasing rate. This article explores how internal auditing regulates corruption, enhances corporate governance, and investigates the potential of internal auditing as a means to combat corruption. The specific function of internal auditors in identifying control defects, preventing and detecting fraud, and promoting ethics is examined. By assessing risks, monitoring compliance, and detecting misconduct, internal auditors enhance corporate governance, according to this study (Koutoupis et al., 2018; Boskou et al., 2019). It emphasizes the objectivity, competence, and independence of internal auditors. Additionally, the report explores the potential benefits of implementing advanced technology, data analytics, and continuous monitoring to enhance internal audits. The findings of the study demonstrate that internal auditing is an essential component in the fight against corruption and the maintenance of good corporate governance. In doing so, it highlights the significance of having strong internal audit functions as well as a culture that is both ethical and open. The conduct of internal audits has the potential to improve corporate governance, reduce instances of misconduct, and ensure that a business will continue to be profitable in the future.
Keywords: Corporate Governance, Corruption Control, Internal Auditing, Ethical Conduct, Fraud Detection, Risk Assessment, Compliance Monitoring
Authors’ individual contributions: Conceptualization — R.A.A., H.F.H., and H.K.S.; Methodology — R.M.K.; Investigation — A.H.A.B.; Resources — A.H.A.B. and A.S.A.; Writing — H.F.H.; Supervision — H.K.S.; Funding Acquisition — A.S.A.
Declaration of conflicting interests: The Authors declare that there is no conflict of interest.
JEL Classification: G0, M0, M4, M5
Received: 04.04.2024
Accepted: 12.09.2024
Published online: 16.09.2024
How to cite this paper: Bari, A. H. A., Abed, R. A., Kahdim, R. M., Hasan, H. F., Sharaf, H. K., & Alwan, A. S. (2024). The role of internal auditing in corruption control and enhancing corporate governance: A board of directors’ outlook. Corporate Board: Role, Duties and Composition, 20(2), 120–127. https://doi.org/10.22495/cbv20i2art12
