illustrate how internal auditing can contribute in supporting the management of the entity. The issue can be framed in the following main question: What role can internal auditing have in Libyan industrial companies to activate corporate governance system? To answer this main question, the following sub questions are formulated:
1. To what extent can internal auditing in Libyan industrial companies do the jobs related to evaluation of internal observation system?
2. To what extent can internal auditing in Libyan industrial companies do the jobs which contribute in evaluating the process of risk management?
3. To what extent can internal auditing in Libyan industrial companies do the activities which lead to forming good relations with the other governing parties?

1.3. The Importance of the Study
It includes scientific importance and practical importance as follows:
1.3.1. Scientific Importance
The scientific importance of the research appears in contributing to the research from this field in Libya, which is rare. Also, the contribution lies in clarifying the vital and important role of internal auditors in activating corporate governance in Libyan companies to make it successful and add value to it.
1.3.2. Practical Importance
Through studying the modern role of internal auditing in Libyan industrial companies, the researcher draws the attention of management of these companies regarding the extent of the benefits of internal audit. Namely, this function has an important role in confronting difficulties and crises, and in reducing risks that the company face. Also, the study contributes in promoting the internal audit to a higher strategic level as well as increasing the effectiveness of its activities. The researcher also draws the attention that the role of internal audit which leads to more interest in presenting confirmation and consulting services about observation systems and evaluation of the operation of risk management in addition to forming good relations with the rest of governing parties.
This study also benefits Libyan industrial companies in tightening observation and in developing the performance of the companies, which is positively reflected on the investment in the companies, and on the movement of Libyan financial market which then activates the Libyan economy.
It is relevant to note that adventitious goal of this study which is presented in enhancing the researcher’s scientific and practical skills in the field of the job as internal auditor.

1.4. The Objectives of the Study
This study aims at the following:
1. Showing how important is the application of corporate governance.
2. Demonstrating the role that internal auditing function can have in supporting of corporate governance implementation.
3. Trying to protect the assets of the company from inappropriate and criminal use and from illegal actions.
4. Evaluating the effectiveness of internal observation system.
1.5. Study Presumptions
In this study, we will find out the points of view of the participants about