| المستخلص: |
With the increasing importance of financial control in public companies, the role of the supervisory authorities in assessing the risks that surround these companies has expanded. This study aimed at evaluating and analyzing the role of the Libyan Audit Bureau in exercising its supervisory and financial and administrative audit functions on the work of public institutions in Libya, according to the law establishing the Audit Bureau and defining its tasks and objectives No.119 in 2011. In this study, the researcher fovused on evaluating and analyzing the role of the Libyan Audit Bureau by collecting data by a questionnaire, and analyzing its data by statistical methods using the Statistical Package for Social Sciences (SPSS) program. The main findings that the study had reached were: - There is positive support for the auditors of the Bureau, through the development of sound plans for the audit and oversight process to evaluate public institutions in Libya, and they have the independence in carrying out their work. - The administration of the Bureau provides the work requirements to monitor and evaluate the performance of public institutions, in accordance with the standards of control and supervision. - The presence of a positive impact of the support provided by the administration of the Bureau to the performance of the work of auditors, and the development of a future work plan to review all institutions and government agencies in Libya. - The administration of the Bureau gives the auditors all the powers to collect evidence and evaluate internal control procedures in public institutions. The Audit Bureau prepares a training plan to raise the efficiency and effectiveness of the Audit Bureau's auditors and use modern methods to monitor and evaluate performance in public institutions. The recommendations reached by the study are: - The necessity for the administration of the Bureau to pay attention to the follow-up of the procedures for monitoring the performance of public institutions, and the development of laws and legislation that regulate the conduct of the supervisory work and the supervision of public institutions. - More support should be for auditors to carry out auditing, supervision and control over institutions to support the auditor's independence. - Preparing future plans for the control and supervision of public institutions, and interest in exchanging experiences and modern methods with Arab and international regulatory bodies, to follow up on the latest publications in the field of financial control, and to evaluate financial and administrative performance.
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