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Coordination Of Audit Work Between The Internal And External Audit

Author

Listed:
  • Nensi Xhani

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Maria - Andreia Iliescu

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

The audit function is an essential element in managing public finances and improving public performance in general. In the field of internal and external audit, standards have been developed to guide this activity and are used by auditors and relevant structures as reference points to carry out audit work. By its nature, the audit covers a variety of activities and themes that act as a mechanism by providing guarantees to governments, ministries (internal audit) and Parliament (external audit) that public funds are spent in accordance with the legislative framework and that the use of public to the government correctly represents its financial position, as well as the promotion of public resources with efficiency and effectiveness for the benefit of taxpayers. Even though external and internal audits have different roles and responsibilities, their common purpose is to promote good governance by contributing to transparency and accountability.

Suggested Citation

  • Nensi Xhani & Maria - Andreia Iliescu, 2018. "Coordination Of Audit Work Between The Internal And External Audit," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(46), pages 53-60, December.
    • Handle: RePEc:aio:aucsse:v:2:y:2018:i:46:p:53-60
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    File URL: http://feaa.ucv.ro/annals/v2_2018/0046v2-006.pdf
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    References listed on IDEAS

    as
    1. Victor Munteanu & Marilena Zuca & Alice Ţînţă, 2010. "Internal Audit Regulations In Romania And Their Convergence To European Exigencies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(12), pages 1-26.
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    Citations

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    Cited by:

    1. Nensi Xhani & Maria Andreia Iliescu (Ristea) & Marioara Avram & Magdalena Mihai, 2020. "Organization Of The Audit Process In Municipal Institutions: Case Study Albania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(48), pages 96-107, December.
    2. Nensi XHANI & Marioara AVRAM & Ilir MECE & Latif CELA, 2019. "Comparative Study on the Organization of Internal Public Audit in Albania and Romania," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 17(155), pages 473-473.
    3. Nensi Xhani & Erton Kaleshi & Marioara Avram & Maria Andreia Iliescu (Ristea), 2019. "Institutions Responsible For Auditing And Controlling Public Resources," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(47), pages 151-160, December.

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    1. Nensi XHANI & Marioara AVRAM & Ilir MECE & Latif CELA, 2019. "Comparative Study on the Organization of Internal Public Audit in Albania and Romania," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 17(155), pages 473-473.

    More about this item

    Keywords

    internal audit; external audit; INTOSAI Auditing Standards; audit activity; public sector;
    All these keywords.

    JEL classification:

    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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