Corporate governance and internal audit
Supp/2007 , p 574..579
Author(s):
Victoria STANCIU
Ali EDEN
Keywords:
Internal audit, governance principles, risk assessment, control assessment
Abstract:
The present paper is an action research having the objective to underline the management expectation regarding internal audit (IA) and the role of the IA function in the organisation. The paper is the result of the investigation made by the authors, their practical experience and solid documentation in the field. The management performance is given by the success in accomplishing the established objectives. The IA has the atribution to examine the efficiency of the management in implementing the policies, to assess the operations’ efficiency, to assess the results in achieving the established objectives. IA has the role to examine the conformity of the internal systems with the applicable legislation and regulation helping the management to observe the legislation and internal regulations. The management role is to identify the signifiant risks and to implement adequate controls. The IA evaluates the quality of the risks’ management and suggests means to improvement and also assesses the eficiency of the internal control systems. IA helps organisations accomplish their objectives and improve the risk management, control and governance processes.
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