The Impact of Internal Audit Effectiveness on Enhancing the Level of Financial Performance: A Case Study of Naftal Corporation, Algeria

Abstract

Internal auditing is considered one of the core functions within an organization, as top management and all departments rely on it as a trustworthy source of accurate and reliable information and data. Accordingly, this study aims to highlight the importance of internal auditing in enhancing the financial performance of economic institutions, ensuring their continuity, and achieving their objectives.

Through a case study of Naftal, this is achieved by applying the principles and standards of internal auditing in the process of evaluating financial performance, which allows for the detection of deviations and the identification of weaknesses within the institution, in addition to providing practical recommendations and suggestions that contribute to improving financial performance. Internal auditing also contributes to protecting the institution’s assets and enhancing the efficiency of sound financial decision-making.