Proceedings

But there are only few papers that follow to identify the good internal audit practices
in the context of corporate governance. In this direction, a relevant contribution is
given by Stanciu and Eden (2007), which discussed in their paper the increasing role
of internal audit in corporate governance, but also the management expectations
related to the internal audit’s added value at corporate governance. Based on their
practical experience on internal audit activity and a strong background literature,
Stanciu and Eden (2007) deliver a lot of relevant suggestions for enhancing internal
audit activity, especially in national context, in order to ensure internal audit is
providing real added-value to risk management and corporate governance processes.
In the same direction, Morariu et al (2009) emphasizes the necessity of building a
strong partnership between internal auditor and management, as a premise for the
increasing real added-value delivered by internal audit, in the context of developing
the competencies supported by the implementing of a rational internal control
system.
From author’s knowledge till that moment there aren’t developed papers over the
investigation of auditors’ perception regarding the good internal audit practices that
should be taken in consideration especially in Romanian context. From this point of
view, the author’s opinion is that a research dedicated to the identifying of good
internal audit practices from corporate governance’s point of view deserves to pay a
lot of attention in research efforts, even if a research like the one developed within
this paper could be considered only a starting point due to the difficulty and
complexity of discussed subject.
2. RESEARCH METHODOLOGY DEVELOPMENT
2.1. Scientific approach
The present study is based on fundamental type of scientific research, under the
auspices of mainstream research, in the construction of research methodology being
included both quantitative and qualitative elements. Based on the relevant literature
that was reviewed with a focus on mainly research developments with significant
theoretical and practical implications for the internal audit’s role and practices in the
field of corporate governance it was develop a summary of main internal audit
practices that should be taken in consideration into an integrated framework of good
audit practices in the corporate governance’s area.
These internal audit practices were, then, tested based on empirical study developed in
order to highlight the Romanian auditors’ perception over the internal audit practices
in corporate governance area. For the internal audit practices tested through this
survey, there were tested two main criteria like:
• Proposals for good practices - The agreement or disagreement of inclusion of
identified internal audit practices into a set of good practices from
respondents’ point of view
• Applicability - The actual applicability of the proposed internal audit
practices.
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