Risk Based Internal Audit

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Risk Based Internal Audit

Journal Title: Muhasebe ve Finansman Dergisi - Year 2015, Vol 17, Issue 66

Abstract

Internal auditing is an independent and objective assurance and consulting activity designed to add value and improve an organization's operations. These activities have changed appropriately to changing conditions over time. Emergence and development of internal control and enterprise risk management within enterprises has been effective in gaining a different dimension in internal audit applications. As a difference from traditional internal audit; risk based internal audit focuses on business risks and target managing risk according to the objectives of the enterprise. In this context, the main missions of risk-based internal audit are monitoring internal control and corporate risk management activities and providing advisory services to senior management in respect of risk management. In this study, we tried to explain conceptual framework of risk based internal audit via literature review of publication of related organizations and general accepted applications. Also we aimed to describe relationship among risk based audit; internal control and enterprise risk management as well as how it operates in an enterprise.

Authors and Affiliations

Hasan TÜREDİ, Ümmügülsüm ZOR, Filiz GÜRBÜZ

Keywords

Business risk Risk Management internal audit internal control İşletme Riski Risk Yönetimi İç Denetim İç Kontrol

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EP ID EP94955
DOI -
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