Proceedings

Internal audit should develop a strong partnership
with external audit, based on mutual trust.
Internal audit should monitor the follow-up of internal
audit, but also external audit recommendations,
communicating the results to the audit committee.
Internal audit should be a relevant source of
information on major fraud and irregularities.
Internal audit communicate to the external auditor the
risk categories identified at the level of financialaccounting
function, the deficiencies discovered and
also the recommendations issued.
Internal audit should develop a balanced partnership
with management, based on mutual trust.
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 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 include in the internal audit plan,
the objectives that are referring at the providing of
accurate and transparent information.
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.
Internal audit is preoccupied by the identification of
relevant opportunities for the ensuring of assurance
activities from compliance’s point of view, aiming to
reduce long term costs.
Internal audit should made an assessment of the
accomplished of corporate goals and objectives.
Chief of internal audit department should have regular
meetings with the chairman of the audit committee, so
that between them being developed a relationship
based on mutual trust.
Internal audit should promote to the audit committee
the best practices over the internal controls
procedures and risk management.
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 assists board/audit committee in selfassessment
of its corporate governance effectiveness
Internal audit should develop an internal audit charter
complementary with the audit committee’s charter.
Internal audit is consulted about the choice/changing
of external audit firm that would realise the external
audit.
Internal audit, with the audit committee’s approval
might propose the internal audit report’s publication
for the ensuring a greater transparency required by a
good corporate governance.
24 2,00 5,00 3,5833 ,82970
24 1,00 5,00 3,5833 1,10007
24 1,00 5,00 3,5833 1,01795
24 2,00 5,00 3,5417 ,83297
24 2,00 5,00 3,5000 ,78019
24 2,00 5,00 3,5000 ,83406
24 1,00 5,00 3,4583 ,93153
24 1,00 5,00 3,2917 1,16018
24 2,00 5,00 3,2917 ,85867
24 1,00 5,00 3,1667 1,00722
24 1,00 5,00 3,1250 ,99181
24 1,00 5,00 3,1250 1,07592
24 1,00 4,00 3,1250 ,94696
24 1,00 5,00 3,0417 1,16018
24 1,00 5,00 2,7917 1,10253
24 1,00 4,00 2,7500 1,07339
24 1,00 5,00 2,4167 1,05981
24 1,00 4,00 2,3333 ,91683
Valid N (listwise) 24
(Source: a projection made by the author by using SPSS 16)
~ 62 ~