Proceedings

Table.6 Statistical parameters for proposals of internal audit practices
Proposals of internal audit practices N Minimum Maximum Mean
Internal audit carries out its activities taking in
consideration the strategic and operational
risks identified at the level of each major
function within the entity.
Chief of internal audit department should
communicate to the audit committee the
illegal acts or irregularities perpetuated or
tolerated by management.
Internal audit should realise an analysis and
systematically assessment of the main
functions within the entity, but also to the
internal control procedures related to them.
Internal audit should be placed in the
hierarchical structure of the entity in order to
ensure the greatest independence as possible
Internal audit should discussed with the audit
committee the internal audit plan, major
findings that have resulted from internal audit
work activities, but also major information
about the monitoring of follow-up of audit
findings.
Internal audit should develop a strong
partnership with external audit, based on
mutual trust.
Internal audit should be a relevant source of
information on major fraud and irregularities.
Internal audit should monitor the follow-up of
internal audit, but also external audit
recommendations, communicating the results
to the audit committee.
The recommendations issued by internal audit
should be focused firstly for more effective
and efficient use of resources.
Internal audit should develop a balanced
partnership with management, based on
mutual trust.
Internal audit should provide the support in
the reviewing of ethical code and politics for
ensuring there are correctly and timely
communicated to the employees.
Internal audit communicate to the external
auditor the risk categories identified at the
level of financial-accounting function, the
deficiencies discovered and also the
recommendations issued.
Internal audit is not responsible for
implementing a good corporate governance,
risk management or internal control system,
but it should provide a strong support for the
increasing of their effectiveness.
Internal audit should have regular meetings
with management in order to inform over the
entity’ strategies, the changes in risks profiles,
but also over the major changes in entity’
policies and procedures.
~ 60 ~
Std.
Deviation
24 3,00 5,00 4,5833 ,71728
24 3,00 5,00 4,5833 ,77553
24 3,00 5,00 4,5833 ,71728
24 3,00 5,00 4,5417 ,77903
24 2,00 5,00 4,5000 ,88465
24 3,00 5,00 4,5000 ,78019
24 3,00 5,00 4,4583 ,83297
24 3,00 5,00 4,4167 ,77553
24 3,00 5,00 4,3333 ,81650
24 2,00 5,00 4,3333 ,86811
24 2,00 5,00 4,2500 ,89685
24 3,00 5,00 4,2500 ,89685
24 3,00 5,00 4,2500 ,89685
24 2,00 5,00 4,2500 ,89685