The Contribution of Internal Audit in the View of EU Corporate Governance Codes – A Comparative Study
Author:
Assistant Cristina BOŢA-AVRAM, Ph. D., Univ. Professor Dumitru MATIŞ, Ph. D.
JEL:
M40, M42, M21, M14
DOI:
Keywords:
corporate governance, internal audit, corporate governance code, European Union, internal audit’s independence
Abstract:
The present paper continues the series of three articles which are the result of a research activity that intend to develop a complex comparative analysis of the corporate governance codes in terms of the contribution of the main pillars of the audit function in the context of ensuring good corporate governance. The main objective of this study is to emphasize the main coordinates that define the way that internal audit should provide its value-added in the vision of EU corporate governance codes. The findings reveal that the level of importance assigned to the internal audit function is not uniform; there are situations when internal audit’s role is poorly defined, but there are also situations when the role and responsibilities of internal audit in the context of corporate governance are well established.\r\n\r\n