The role of internal audits in combating corruption and abuse of power in the Kingdom of Saudi Arabia

Abstract

Objectives: Financial collapses, scandals and fraud have increased organizational interest in the role of internal auditing in modern business. This study aims to address corruption and abuse of power in the Kingdom of Saudi Arabia. Method: To fulfil the main objective of this study, an analytical approach has been used to review previous studies. The importance of information technology and digitalization in achieving efficient internal auditing in combating corruption and abuse of power were also reviewed. Previous studies have been reviewed and the most important regulatory trends against corruption in Saudi Arabia have been analyzed. Results: Multiple concepts for corruption were discovered, but they entirety imply a breach of job duties and abuse of power. Internal audit strategies can prevent such because it is a tool of governance, risk management and control in general, in addition to being a means to fight corruption in particular. Conclusion: The existence of professional references, binding legislation and international support have proven the necessity for internal auditing to combat corruption and abuse of power.