Developing the performance of the internal audit department in accordance with the risk management approach through the use of the detailed scorecard and benchmarking approaches and its implications for the quality of external audit performance.

Abstract

This study aimed to develop the performance of internal audit related to managerial risk through using approach of balanced performance card, benchmarking method and its impact on the quality of external auditing (Proposed Model). It applied descriptive and analyzed approach in order to review and analyze the literature related its issue. order to support and explain the. The study has designed proposed model in order to improve the performance of internal audit. In addition, the results found that by using approach of balanced performance card and benchmarking method the performance of internal and external audit can be completely increased. Future studies and workshops related to the relation between using balanced performance card and the performance of internal audit have been recommended as well developing of accounting education.