Procedures of the Audit Bureau and Their Effectiveness Against Current Challenges in Libya

Abstract

This study examines the operational procedures of the Audit Bureau in Libya and assesses their effectiveness in promoting public expenditure rationalization amidst current national challenges. Utilizing a descriptive-analytical approach, the research explores the Bureau’s primary functions, including auditing, inspection, and the issuance of periodic and annual reports. The findings reveal that while the Audit Bureau plays a critical role in fiscal oversight and transparency, its overall impact is constrained by significant obstacles, including political instability, institutional fragmentation, a lack of inter-agency cooperation, and regulatory gaps. The study concludes with recommendations for institutional reform, advocating for the strengthening of the Bureau's independence, the digitalization of auditing processes, and the enforcement of professional standards to enhance accountability and public financial management in Libya.