This paper primarily examines how internal control affects the financial performance of the six banking sectors in Iraq. The inductive approach used in this paper entails the surveying, studying, comparing and summarizing of all papers published in prominent journals in the past seven years. This paper found that internal control is weak in Iraq compared to developing countries in the analyzed studies. It also found that internal control is more positively correlated to financial performance 94.28 % than negatively linked to it 5.72 %. After defining the studies through a systematic review, the researchers concluded that most studies on the two variables i.e. internal control and financial performance had indicated a significant and positive relationship between both. In addition, the researchers also found that none of the previous studies had addressed the abovementioned correlation in the context of the Iraqi banking sector.
Volume 12 | 04-Special Issue
Pages: 957-966
DOI: 10.5373/JARDCS/V12SP4/20201567