The Future of Knowledge in the Internal Audit

Emilia Vasile () and Daniela Mitran
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Emilia Vasile: Athenaeum University of Bucharest

No 202, Proceedings of Harvard Square Symposium, The Future of Knowledge, April 29-30, 2016 from Research Association for Interdisciplinary Studies

Abstract: In the last years the focus of internal audit has shifted away from business toward financial controls. In the future internal audit departments need to align their contributions to the organization’s strategic objectives. The purpose of the internal audit which is organised within the entities is to provide counselling to the general management and to assess the functionality of the internal control system, activities by which it brings an additional value to the entity which is audited. The optimal functioning of the entities on the basis of an integrated internal control framework imposes the existence of a proper control environment which should promote the ethical values, be transparent, accept good practice standards and set responsibilities on the same line with the strategies and policies approved by the superior level management.

Keywords: internal audit; high quality decision; corporate governance; transparancey (search for similar items in EconPapers)
JEL-codes: M1 M2 M4 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2016
New Economics Papers: this item is included in nep-acc and nep-knm
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Published in Conference proceedings The Future of Knowledge, 29-30 April 2016, pages 316-328

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Persistent link: https://EconPapers.repec.org/RePEc:smo:gpaper:202

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