The Internal Audit – Key Pillar of Corporate Governance

Mihaela-Cristina Onica (cristina_onica@yahoo.com)
Additional contact information
Mihaela-Cristina Onica: “Dunarea de Jos” University of Galati

Acta Universitatis Danubius. OEconomica, 2013, issue 9(6), 207-213

Abstract: The internal audit elaborates recommendations in order to improve the government process for the fulfilling of some strategic objectives, amongst one can mention: the promotion of ethic values within the patrimonial entities, the insurance of accountability, the efficient functioning of the legal entity management, the efficient communication of the risks and information on the internal control to the structures within the economic entity, the effective coordination of activities, the information communication within the management, between the internal and external auditors, as well as the good management of the relation with the Board of Directors. The study is based on the relation between the internal audit and the corporate governance, within the context where the internal audit became an essential pillar for a modern company, because it highly reflects the efficiency by properly using human resources and materials, a better coordination between various departments in a legal entity. By ensuring the fact that the economic entity respects the corporate governance standards, the internal audit establishes the development of an integrity reputation, the development of business relations based on trust.

Keywords: internal audit; corporate governance; convergence points; internal control; risk management (search for similar items in EconPapers)
Date: 2013
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2150/2014 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2013:i:6:p:207-213

Access Statistics for this article

More articles in Acta Universitatis Danubius. OEconomica from Danubius University of Galati Contact information at EDIRC.
Bibliographic data for series maintained by Daniela Robu (danarobu@univ-danubius.ro).