The internal audit department is very important inside a firm where the internal audit isregarded as the key element in the application of accounting systems and this in turn, helps inevaluating the work of the department. The internal audit is considered as the backbone of the businessaccounting as it is the section that records all businesses related to the sector. The efficiency of internalaudit helps develop the work of the company because the financial reports reflect the internal auditdepartment’s quality. In addition, an internal audit is considered as a significant part of the CGstructure in the organization and CG covers the activities of oversight by the board of directors andaudit committees to ensure credible financial reporting process (Public Oversight Board, 1994).Previous studies have attempted to provide a clear picture of the relationship between internal audit(professional qualifications of the chief audit executive, experience of internal audits and internal auditqualifications) and firm performance. The present study included the qualification of the internalaudit’s chairman. In theory, the present study is unique in its examination of the relationship betweeninternal audit factors and firm performance.
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