The evolution of internal audit function into a public entity that is carrying out an economic activity

Author:PhD. student Cristina Nicoleta DINU

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Keywords:Internal Audit Capacity, psychological and organizational impact , interview technique, work documentation, confidentiality, protection of the person who give a piece of information to the auditors, anonymity

Abstract:
The beginning of the internal public audit function at the level of an economic public entity that is developing a transport activity during a catastrophic period of great economic losses highlights the fact that understanding the role and the importance of this activity by the top management and as well as the overall organization was rather slow and painful. The first reaction was rejection followed by indifference of the subjects audited and also of the management.\r\n\r\nInternal auditors have adopted their working procedures to the specific entity activities, that involves an overall risk analysis which consists in consideration of various factors impact: the time since the last mission, the vulnerability of the function/activity and the financial exposure. \r\n\r\nIt is necessary to establish a good relationship with the persons interviewed, may know or not that the internal audit activity supposes compliance with one of the most important standards, this is confidentiality of information obtained during a mission, and in this situation, keeping the anonymity of the persons involved in the interview procedure may assure a plus of information and efficiency to auditors work.

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