Impact of the electronic internal auditing based on IT governance to reduce auditing risk

This paper analysed the effect of electronic internal auditing (EIA) based on Control Objectives for Information and Related Technologies (COBIT) framework. Organisations must implement an up-to-date accounting information system (AIS) capable meeting their requirements. Electronic audit risk (compliance assessment, control assurance, assessment) is a development by Weidenmier Ramamoorti (2006) to improve AIS. In order fulfil study’s objectives, questionnaire was prepared distributed sample comprising 120 employees. The employees were financial managers, auditors, workers involved in company’s security departments General Company Electricity Distribution (GCBED) Baghdad, owned Iraqi federal government. Statistical Package Social Sciences (SPSS) software employed analyse data hypotheses. study concluded that there substantial performance EIA depending COBIT framework reducing GCBED. According findings, additional research should be undertaken efficiency, asset protection programs lessen risk.