How is the internal audit done in banks?
Author:
PhD. Gheorghe RUSU, PhD. Alexandru RUSOVICI
JEL:
DOI:
Keywords:
internal control, regulation, internal audit, objective regulations, responsibilities, principles
Abstract:
The relations between the internal and external auditors are evaluated at the crossroads; each has to follow different roads in order to achieve common objectives:\r\n• Adequate and effective characteristics of the internal control;\r\n• Managerial procedures of risk monitoring;\r\n• Functioning and reliability of the financial information system;\r\n• Asset protection;\r\n• Compliance with legal provisions and regulations. \r\n\r\nConvergence, cooperation, knowledge and risk monitoring, corporatist governments, the persons in charge with administration Councils and management are common words, key words!