REMARKS ON THE IMPORTANCE AND NECESSITY FOR PUBLIC ENTITIES TO ASSOCIATE IN ORDER TO PERFORM EFFICIENT ACTIVITIES OF INTERNAL AUDIT

Ghita Emil ()
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Ghita Emil: Universitatea Spiru Haret - Centrul Universitar Craiova, Facultatea de Management Financiar Contabil

Annals of Faculty of Economics, 2008, vol. 4, issue 1, 265-268

Abstract: In Romania, due to territorial extend of the audited entities, we deal with a great number of isolated departments for internal audit, consisting of 1 to 2 auditors. The international audit standards recommend that the number of internal auditors should cover at least the minimum of activities performed by the departments for internal audit. Related to this matter, the first-class international practice recommends that their number should be of three intrenal auditors at least. The internal auditors of these departments consisting of 1 to 2 individuals encounter particular problems concerning the documentation, standards acquiring or implementation.

Keywords: internal and public audit; obligatory procedures of internal audit; risk analysis; realizing the function of internal audit through association (employment or office); chief employment or office for internal public audit; the Ministry of Public Finances (search for similar items in EconPapers)
JEL-codes: M10 M42 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:4:y:2008:i:1:p:265-268

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