Factors affecting financial control procedures related to the Libyan Audit Bureau auditors

"A study from the perspective of the Audit Bureau auditors"

Abstract

This study aimed to identify the financial control factors related to auditors at the Libyan Audit Bureau and their impact on financial control procedures. This issue was investigated both theoretical and applied perspectives. The study adopted a descriptive analytical statistical approach to achieve its objective by examining the opinions of auditors at the Libyan Audit Bureau's General Administration in Tripoli. A questionnaire was designed to collect data, and the Statistical Package for the Social Sciences (SPSS) was used to analyze the data from the 250 questionnaires distributed to the sample 240 questionnaires were returned, representing a 96% response rate. The results of the analysis revealed a statistically significant relationship between the factors affecting financial control related to auditors and financial control procedures. Specifically, the rate of change per unit in the factors affecting financial control related to auditors was followed by 4.775 changes in financial control procedures. Furthermore, the study found a correlation between the factors related to Libyan Audit Bureau auditors and financial control procedures. The study recommended increasing awareness and understanding among auditors regarding the factors affecting control procedures. The financial resources related to the auditors of the Audit Bureau are intended to contribute to increasing the effectiveness of the Libyan Audit Bureau’s oversight through the establishment of scientific conferences and the preparation of training courses for the Bureau’s members and auditors.