Internal Audit and Controversies Thereof. Opinions

Author:University Reader PhD Nicolae Terci

JEL:

DOI:

Keywords: internal audit, doctrinary differences, positioning of internal audit, systems and procedures

Abstract:
The present article aims at presenting, based on arguments, doctrinary divergences, confusions that are still present in connection to the positioning of the internal audit activity within the activity carried out by companies and public institutions. The internal audit must guarantee the “reasonable safety that the operations performed, the decisions made are under control” (Louis Gallois-President of SNCF) and that in this way it contributes to the improvement of management decisions regarding the achievement of tasks set by companies / public institutions. Considering the conclusions of the article, the author’s belief is that a series of concepts is going to be clarified and the internal audit activity is going to find a well-defined position.

---