The role of internal audit on the relationship between performance and financial crisis on banks, credit institutions, insurance and investment companies in Tehran Stock Exchange

The financial crisis is critical for financial institutions to be able to prevent it by identifying the factors affecting the financial crisis and to make appropriate decisions to get out of the crisis. Following the recent financial crisis, banking supervisors and central banks have come to the conclusion that weak corporate governance may play an important role in increasingthe riskiness of the financial institution and thereby spreading the financial crisis. The purpose of this study is to investigate the role of internal audit on the relationship between performance and financial crisis in 41 financial intermediary institutions such as banks and insurance companies and investment firms in the period 2014-2018. Panel data analysis shows that there is a negative significant relationship between internal audit and financial crisis and there is a positive and significant relationship between performance and financial crisis and the role of internal audit on the relationship between performance and financial crisis is significant.