Financial Control is a vital process aimed at ensuring the integrity of financial transactions and achieving transparency in the financial performance of companies and institutions. Financial control involves a set of procedures and regulations designed to prevent fraud and financial corruption, and to ensure compliance with financial laws and regulations.<br /><br />Objectives of Financial Control:<br />Ensuring Financial Transparency: Guaranteeing the clarity of financial information and providing accurate and reliable financial reports.<br /><br />Preventing Financial Corruption: Detecting any financial irregularities and preventing corruption through the implementation of controls and oversight.<br /><br />Protecting Shareholders’ Rights: Safeguarding shareholders' rights and ensuring their interests through the application of sound governance principles.<br /><br />Enhancing Financial Trust: Strengthening financial trust in financial markets by ensuring the integrity of financial transactions.<br /><br />Tools of Financial Control:<br />Internal Auditing: Internal evaluation of financial and accounting processes to ensure accuracy and compliance with laws.<br /><br />External Auditing: Independent external auditing of financial reports to ensure their accuracy and reliability.<br /><br />Governmental Financial Oversight: Governmental supervision of financial institutions to ensure their compliance with financial laws and regulations.<br /><br /><br /><br />"AL_mustaqbal University is the first university in Iraq"<br/><br/><a href=https://uomus.edu.iq/Default.aspx target=_blank>al-mustaqbal University Website</a>