THE FUTURE PERSPECTIVES OF THE INTERNAL AUDIT FUNCTION
Journal Title: Annales Universitatis Apulensis series Oeconomica - Year 2009, Vol 11, Issue 1
Abstract
The aim of the paper is to provide an overview over the challenges and opportunities that internal auditors are going to face with, in the context of current economic and financial worldwide crisis. Using fundamental type of research, but also combining inductive with deductive type of research, we have identified several key trends that will certainly influence next perspectives of internal audit function in the coming period. Our findings show us that next future will give some important challenges for the internal auditors, consisting in developing skills in assessment the effectiveness of risk management which will help to increase the added value provided by the internal audit, and most importantly, will increase internal audit’s accountability. Even more the international professional bodies that coordinate internal audit activity will have to make all necessary efforts for the development of practical guidelines for assessing the effectiveness of risk management so internal auditors to be equipped with the necessary skills to face with the higher and higher expectations that will characterize the future perspectives of the internal auditing.
Authors and Affiliations
Cristina Boţa-Avram, Atanasiu Pop, Florin Boţa-Avram
Keywords
Related Articles
- EP ID EP97141
- DOI -
- Views 94
- Downloads 0
THE ROLE OF EDUCATION IN THE KNOWLEDGE-BASED SOCIETY DURING THE ECONOMIC CRISIS
Education as an essential activity in the development of society has seen major transformations, from which the new methods and models of the modern educational system have resulted. The relationship between the individu...
PASSING FROM ACCOUNTING TO FISCAL DEPRECIATION
The perception and calculation of depreciation is an issue with tax implications. The terms under which such issue is settled are reflected in the ordinary use durations, in the depreciation regimes opposable to economic...
COMPARATIVE STUDY ON THE EVOLUTION OF LOANS AND DEPOSITS BETWEEN THE ROMANIAN BANK FOR DEVELOPMENT (BRD) – GROUPE SOCIETE GENERALE AND THE ROMANIAN BANKING SYSTEM
Traditionally, banking consists in attracting deposits or other repayable funds from the population and in granting loans. This paper aims to analyze the attracted deposits and the loans granted by BRD – Groupe Societe G...
ASPECTS OF THE CALCULATION OF CORRELATIONS ON THE BUCHAREST STOCK EXCHANGE
In the present study we aimed to determine correlations between the profit of the firms and the value of their shares for 2010, and between the Down Jones index and the share prices on the stock market. The study is stru...
FINANCIAL SUPERVISION STRUCTURE IN ROMANIA. A COMPARATIVE APPROACH
In this paper we assess the financial supervision and regulation structure in Romania. To this purpose, we calculate and interpret the Financial Supervision Unification Index (FSU Index) and the Central Bank as Financial...