Internal Audit and Management Entity

Daniel Botez
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Daniel Botez: The Bucharest Academy of Economic Studies, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2011, vol. 12, issue 6, 106-110

Abstract: Businesses and organizations are in constant confrontation with improving their performance in an environment that provides them with all the guarantees. This improvement is increasingly sought through a decentralization of decision making to ensure appropriateness. In these circumstances, the firm's manager will normally ask questions about the effectiveness of the functioning of the organization, exercised by him and by his collaborators. In this context occur internal audit, an independent objective assurance and business advisory, intended to add value and lead to business improvement organization. In Romania, the organization of internal audit in the private sector, there are some problems with a full understanding of the necessity and advantages of this function, which is manifested by poor organization or unorganized internal audit function, even where it is absolutely necessary. Internal audit is a topical issue and of interest for companies competing in the single global market with a demand of professionals in the field, as well as youth, eager to practice and develop their skills in this career. The internal audit function within the economic entity is essential because it helps the company in achieving its objectives and adds value and transparency, assisting at the same time, the manager, to enable it to better manage their activities. Assistance component, advisory, internal audit attached distinguishes categorically any verification or inspection and is widely recognized as having evolving trends continue. This is predominantly due to the competitive environment in which the company, so Peter could produce value the firm must be noted on the market, primarily through the quality of goods and services.

Keywords: internal audit; corporate governance; audit committee. (search for similar items in EconPapers)
JEL-codes: M10 M19 M21 (search for similar items in EconPapers)
Date: 2011
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