SOME ARGUMENTS THAT JUSTIFY THE AUDIT TRINITY’S APPROACH IN THE CONTEXT OF CORPORATE GOVERNANCE

Cristina Bota-Avram
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Cristina Bota-Avram: Babes Bolyai University

Studies in Business and Economics, 2011, vol. 6, issue 1, 5-18

Abstract: The purpose of this paper is to develop a synthesis of the main arguments that could justify the necessity of audit trinity’s approach (internal audit, external audit, audit committee) in assuring good corporate governance. The aim of the paper is also to synthesize relevant theoretical and empirical latest literature that argues the significance of audit functions as an important mechanism in the effective functioning of corporate governance system. From methodological point of view, the construction of this paper has adopted a normative approach, the research being primarily, based on a examination of relevant literature, with a focus on developments that have more or less implications over the progress of corporate governance issues, especially in these difficult economic context that requires urgently the adopting of effective solutions. By presenting on overview over the latest literature ad discussing the shifting demands with respect to the audit’s contribution to ensuring good corporate governance, the author of this paper hopes to stimulate further research and constructive debates in the field.

Keywords: Internal audit; external audit; audit committee; corporate governance; audit trinity (search for similar items in EconPapers)
Date: 2011
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