Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686)


The Effect of Using Administrative Accounting Tools on Improving Internal Audit Quality in Iraqi Private Banks: Balanced Scorecard as a Model

Author(s): Saad Alwan Mehamed, Zuhair Khudhair Abbas, Ammar Taha Yaseen

 This study examined the impact on the efficiency of internal audit in Iraqi private banks using administrative accounting tools based on balanced scorecards. In order to achieve this aim, an information scorecard questionnaire has been created to assess its effects on the standard of internal auditing. In the case of Iraqi Middle East Investment Bank (IMEIB), Baghdad, Iraq, this work aimed at applying the Balanced Scorecard (BSC) to the strategic design of private banks. The bibliographic and documentary analysis technique and case studies were employed in the production of the work. The work ends by checking that the MSC ensures the harmonization of finance, industry, technology and innovation and that it is indispensable for communication strategies, management control systems and organizational strategies. With the outcome of the strategic objectives defined in the learning and growth prospects, IMEIB, Baghdad will support its internal business processes, thereby helping to achieve the desired results in terms of consumer and financial perspectives. In turn it is possible to get an overview of the real disadvantages in the strategic implementation process and to launch corrective steps through the results of the control process. In summary, BSC provides a holistic view of the organization for IMEIB management, including customer satisfaction operating measures, innovation levels and improvement programs, as well as financial measures.

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