INTERNAL AUDIT ESSENTIAL COMPONENT IN THE STRUCTURE OF A MODERN COMPANY

Petronella Neacªu Matei
Additional contact information
Petronella Neacªu Matei: The Bucharest Academy of Economic Studies

International Conference Modern Approaches in Organisational Management and Economy, 2011, vol. 5, issue 1, 364-369

Abstract: Internal audit has become an essential component in the structure of a modern company, providing greater efficiency through a more adequate human and material resources and a better coordination between different departments of a company. Ensuring that the company meets the standards of corporate governance, internal audit contributes to building a reputation for integrity, which will help develop business relationships based on trust. Internal audit helps the organization to achieve its objectives by evaluating through a systematic and methodical approach its risk management processes, control and governance of the enterprise, making proposals to strengthen their effectiveness. The ultimate objective of the audit process is to improve the use of information by communicating the results to interested users.

Keywords: internal audit; risk management; internal control; corporate governance; decision (search for similar items in EconPapers)
JEL-codes: L20 L30 M16 M40 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://simpozion.management.ase.ro/articole/neacsu.pdf (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:rom:cmanag:v:5:y:2011:i:1:p:364-369

Access Statistics for this article

International Conference Modern Approaches in Organisational Management and Economy is currently edited by Dobrin Cosmin

More articles in International Conference Modern Approaches in Organisational Management and Economy from Faculty of Management, Academy of Economic Studies, Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Dobrin Cosmin ().