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Internal Audit Essential Component In The Structure Of A Modern Company

Author

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  • PETRONELLA NEACªU MATEI

    (The Bucharest Academy of Economic Studies)

Abstract

Internal audit has become an essential component in the structure of a modern company, providing greater efficiency through a more adequate human and material resources and a better coordination between different departments of a company. Ensuring that the company meets the standards of corporate governance, internal audit contributes to building a reputation for integrity, which will help develop business relationships based on trust. Internal audit helps the organization to achieve its objectives by evaluating through a systematic and methodical approach its risk management processes, control and governance of the enterprise, making proposals to strengthen their effectiveness. The ultimate objective of the audit process is to improve the use of information by communicating the results to interested users.

Suggested Citation

  • Petronella Neacªu Matei, 2011. "Internal Audit Essential Component In The Structure Of A Modern Company," International Conference Modern Approaches in Organisational Management and Economy, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 5(1), pages 364-369, November.
    • Handle: RePEc:rom:cmanag:v:5:y:2011:i:1:p:364-369
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    More about this item

    Keywords

    internal audit; risk management; internal control; corporate governance; decision;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L30 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - General
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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