The Working Pillars of the Internal Audit Committees in Improving the Financial Performance of the Jordanian Commercial Banks

Abstract

This study aims to recognize the effect of the working pillars of the internal audit committees in improving the financial performance in the commercial banks in Jordan.The study population included all the banks listed in Amman's stock exchange market, the whole 23 banks, while the sample consisted of 184 of the audit committee members, internal auditors and financial managers.The research then reached a conclusion that there are statistically significant effects of the working pillars of the internal audit committees represented by committing to the tasks and responsibilities, powers of the internal audit committees, their financial experience and the number of the audit committees.The study wants to ensure the importance of the banks adherence by presenting reports about the effectiveness of the internal audit committees in their yearly reports, for their obvious influence in improving the banks financial performance, moreover ensuring that the standards set by the current study are met by the committees working pillar ensuring effectiveness and efficiency

Keywords:  Internal Audit Committees, Financial performance, Jordanian commercial banks.