The study aims to identify the concept and importance of strategic auditing in its various dimensions to reduce the risks of financial failure of companies, achieve the continuity of their activity and maintain their successes by activating their performance, and facing economic, technological and political challenges in light of globalization and the complexity of the financial environment and electronic commerce embodied in global financial crises that inflicted major losses on The economies of global countries, especially developing countries. Thus, setting a framework for strategic auditing according to the requirements of contemporary developments to respond to these developments and existing problems as a result of sudden and unprecedented collapses of large companies, which led to a lack of audit in the future forecasts and limited its role in reducing the risks faced by companies. The theoretical side of the study dealt with different fields related to the topic of strategic auditing and the risks of financial failure of companies, while the initial data of the study was surveyed through the main study tool (the questionnaire) that was designed based on previous studies and the theoretical framework for strategic auditing and its dimensions, and the study reached a set of conclusions The most important of them are as follows: 1. The importance of strategic auditing comes as it has an effective role in reducing the risks of financial failure of companies through examining and auditing its dimensions, which are (strategic planning, performance of operations, risk management, commitment to principles of governance, compliance, evaluation of strategic performance, independence of the auditor) 2. Strategic auditing requires highly professional capabilities, and provides scientific, practical and impartial experiences in expressing opinions and identifying deviations wherever they exist with professionalism and transparency, and the qualifications necessary to analyze and interpret the results based on the use of contemporary strategic analytical tools, as well as the use of information and communication technologies to accomplish the function of auditor. The study also reached a set of important recommendations, including: the necessity of implementing strategic auditing in corporate through auditing its dimensions consisting of (strategic planning, performance of operations, risk management, commitment to principles of governance, compliance, evaluation of strategic performance, independence of the auditor). This is so important in reducing the risk of failure.

Title

Zanco Journal of Humanity

Publisher

Salahaddin University- Erbil

Publisher Country

Iraq

Publication Type

Both (Printed and Online)

Volume

24

Year

2020

Pages

88-109