Internal Audit and Risk Management

Constantin Nicolae Vasile () and Alexandru Georgiana ()
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Constantin Nicolae Vasile: “Spiru Haret” University
Alexandru Georgiana: “Spiru Haret” University

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 434-437

Abstract: Internal audit and risk management have the same goal: the control of risk. There are various roles for the internal audit in respect of risk management. The main limitations of internal audit in respect of risk management regards assuming risk management tasks. One of the main issues regarding risk management is to make sure that the key risks are taken into consideration and that the management and the board of the organization take action as needed. Internal audit could give advice to managers on risk management, making easier the assurance audit activities on this issue, due to the fact that the internal audit and management has agreed on what is being looked for regarding risk management within the organization.

Keywords: risk management; internal audit; strategies of risk management. (search for similar items in EconPapers)
JEL-codes: G32 M41 M42 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:434-437

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