The Role of Internal Auditing in Activating the Principles of Governance in Libyan Commercial Banks: An Applied Study on a Sample of Commercial Banks Operating in the City of Tarhuna.

Abstract

This study aims to identify the role of internal audit in activating governance principles in commercial banks operating in Tarhuna To achieve the objectives of this study, the researcher adopted the descriptive-analytical approach by designing a questionnaire to collect primary data related to  the study topic, and then compiling and analyzing it using the SPSS system.

The study reached a number of conclusions, the most important of which is that the internal audit department is a fundamental pillar in activating the principles of governance in commercial banks operating in Tarhuna, through the application of a sound system for internal audit work and adherence to professional standards. These factors contribute to enhancing transparency, accountability, risk management, and improving banking performance, which supports achieving governance objectives effectively and sustainably. The most important recommendation of this study was to expand the strategic role of internal audit so that it goes beyond oversight to include providing proactive consultations and developmental recommendations to senior management and the board of directors, to support . the descriptive sound decision-making and enhance the principles of banking governance