Contemporary Approaches in Internal Audit
Year: 2014
Type: article
Abstract: The object of this paper is to present the role of internal audit in the contemporary life of a company. Internal audit function plays a major role in the enterprise, carrying on control in financial field and all others settled by management, safeguarding the corporate assets and ensuring the security of accurate records. Between internal audit and the prosperity of a company, there is a strong link which leads to increase the value of the company and achieve its objectives. The relevance of internal audit reporting is given also by adapting its function to the changing expectations and its alignment to fraud prevention policies, aside with risk evaluation and improvement of control strategies.
Source: Procedia Economics and Finance
Institutions: Bucharest University of Economic Studies, Ovidius University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W1994885487