The purpose of this study is to study the contemporary role of the internal audit and measure the impact of this role on the credibility of financial reports.
The contemporary role of the internal audit is that internal audit has become an added source of value through giving value to the business (and its stakeholders) by providing objective and relevant assurance, as well as by contributing to the effectiveness and efficiency of governance, risk management, and control procedures through assurance and advisory services.
The credibility of financial reports is the degree of accuracy in the data of financial reports that allows a competent user to draw correct conclusions about the results of the activities of economic entities on their basis and to make decisions based on these conclusions.
The methodology of the study: in order to achieve this objective, the researcher used a field study to test the study's hypotheses, the researcher selected a sample of 136 internal auditors, 24 external auditors, 169 managers and 14 faculty members. Data was analyzed by using descriptive and inference statistics analysis.