Internal Audit Comparative Analysis - Management Control Concepts

Mihai-Dorel Jurchescu () and Nătăliţa-Mihaela Lesconi-Frumuşanu ()
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Mihai-Dorel Jurchescu: Caraş-Severin Council, Romania
Nătăliţa-Mihaela Lesconi-Frumuşanu: ”Eftimie Murgu” University of Reşiţa, Romania

Annals of the University of Petrosani, Economics, 2010, vol. 10, issue 1, 129-136

Abstract: Given Romania's integration into the European Union we consider it appropriate to clarify some terms used in auditing activities of both public funds and European funds. International practice requires a clear separation of internal audit activities from other management control concepts and recommend to establish an internal controlling system as well as an internal audit structure under the coordination of the manager as being the only ways cap able to respond to current risks faced by public entities. Internal Audit, along its evolution - characterized by complex dynamics and adaptability - created confusion regarding the concept of control. The research presented in this paper is based on works published to date regarding the conceptual boundaries of this notion.

Keywords: Internal audit; internal control; external auditing; management control; accounting; inspection (search for similar items in EconPapers)
JEL-codes: M41 M42 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:10:y:2010:i:1:p:129-136

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