The Role of Internal Auditors to Attract the Investors in Kurdistan Region of Iraq

الملخص

The exponential rise in globalization has transformed many sectors including internal auditing. Today’s businesses are relied on quality and standard internal reporting in order to attract both local and foreign investors. Thus, it is vital for internal auditors to implement international financial reporting standards. The purpose of this study is to explore the role of internal audit in attracting investors. To analyze this issue, the study developed a model with four constructs; internal auditor experience, standard or qualitative internal auditing reports, organizational productivity and attracting investors. Data were collected from internal auditors working in different sectors (both public and private) and analyzed using SPSS. Correlations between variables are evaluated based on descriptive statistics, Structure Equation Modelling (SEM), reliability, validity and regression analysis. The study’s findings have shown that experienced internal auditors designed qualitative and standard internal auditing reports which attract both foreign and local investors compare to inexperienced internal auditors.