THE EVALUATION OF INTERNAL AUDIT IN ISLAMIC AND COMMERCIAL BANKS

This study is related to the evaluation of internal audit of the Islamic and commercial banks by conducting a case study of the Faisal Islamic Bank of Egypt in Cairo City, and the Libya Sahara Bank in Tripoli City. The problem of the study focused on evaluation of internal audit of the Islamic and commercial banks. Therefore, the objective of this study is to evaluate the internal auditors of both these banks, which in turn reflects their overall performance. The study also aims to identify the audit categories, objectives, terms of reference and ways to overcome risks and problems. The study uses descriptive and analysis methodologies of both the Faisal Islamic Bank of Egypt and Libya's Sahara Bank and their respective branches. The results of this study indicate that the Faisal Islamic Bank relies heavily on internal auditors and performs its audit procedures with great detail and objectivity. In its implementation, the Faisal Islamic Bank follows local, international and Sharia guidelines. At the same time, the Faisal Islamic Bank employs officials with high academic qualifications. Sahara Libyan Bank has no accurate, objective and fair internal audit in this bank, and absence of evaluation for this audit.

Pagina's: 406, Paperback, Eliva Press