The Audit Committee – The Interface between External and Internal Audit in the Vision of EU Corporate Governance Codes

Author:Assistant Cristina BOŢA-AVRAM, Ph. D., Univ. Professor Dumitru MATIŞ, Ph. D.

JEL:M40, M42, M21, M14

DOI:

Keywords:corporate governance, audit committee, internal audit, external audit, corporate governance code, European Union

Abstract:
The present study close the series of three studies, which represents the final results of the research activity that aims to elaborate a more complex analysis of the European corporate governance codes, from the audit function’s perspective with its own pillars (external audit, internal audit, audit committee). The major objective of this study is to highlight the main key elements that should define the existence, functioning, role and responsibilities of the audit committee in the context of corporate governance. The conclusions of this study corroborated with the conclusions of the previous studies will allow obtaining a global vision over the manner that all these three audit pillars (external audit, internal audit, audit committee) are meant to interact in the European space from the perspective of the corporate governance. \r\n\r\n

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