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Journal of Human Development and Education for Specialized Research

About the Journal :

The Journal of Human Development and Education for Specialized Research is an academic journal issued by the Malaysian Institute of Science and Development. The aim of this journal is to disseminate serious studies based on theoretical and field research, and to promote multidisciplinary studies in human development, management and education for specialized research and become a leading journal in human development and education in the world. The Journal also aims at publishing theoretical and applied researches in the fields of human development and education for specialized research such as human resources management, business administration, communication sciences, development studies, economic sciences, education sciences, history, industrial relations, media sciences, psychology, Public administration, religious studies and others.



THE SYSTEM OF INTERNAL CONTROL IN LIBYAN BANKS AND THEIR RELATION TO FINANCIAL CORRUPTION IN DOCUMENTARY CREDITS


The study aims to identify relation between quality of internal control system in Libyan banks and financial corruption in letter of credits. The study has adopted analytic descriptive method depending on report of audit bureau issued in 2015 with reference to some interview with some managers. Researcher intend to measure variables, depending on multiple regression analysis to test study hypothesis through SPSS. The study shows weakening of internal control system in Libyan banks which lead to increase number of letter of credits due to counterfeiting and mismanagement that could only happen through collusion of bank employees due to lack of legal government control because of current political and security state of the country. Key words: letter of credits, internal control system in banks, Financial corruption.