Role And Place of Internal Audit as an Element of the Entity's Management System
Keywords:
internal audit; internal control; accounting system; internal control system; economic factsAbstract
Information on the economic and financial activity of any organization is recorded in the separate
accounting system. At the same time, the system in question cannot perform its functions efficiently without
promoting an internal control, which, being rationally designed and correctly applied, contributes to ensuring
the concordance between the recorded data and reality. In this context, many internal and external users may
show a lack of trust in the data flows provided, because those who issue it are usually not independent of the
economic facts performed, the presentation of financial reports, management decisions, etc. All these
circumstances largely and rightly raise certain doubts relevant to the impartiality and objectivity of the
separate data flows. Everyday theory and practice perfectly demonstrate that the knowledge by the users of
the way of carrying out the economic activity represents an essential requirement of the management. Thus,
in order to eliminate the suspicions from the information users, the improvement of the patrimony
management method, the organization and the sustainable development of the production activity of the
enterprise, it is necessary to organize an internal audit service, as an element of the entity's management
system. For these reasons, in this article the author has tried to explain the role and place of internal audit as
an element of the management system of the entity that ultimately contributes to understanding this activity to
protect the interests of different categories of information beneficiaries, and to facilitate decision-making
management based on profit criteria.
References
Balan, I.; Graur, E. & Iachim, A. (2021). International dictionary of auditing terms / Dicționar internațional al termenilor de
audit / Международный словарь терминов по аудиту. Chisinau: „Print-Caro” S.R.L., p. 129.
Balan, I. (2014). Particularitățile de organizare a misiunilor și evaluarea activității de audit intern la entitățile economice/
Peculiarities of organizing missions and evaluating the internal audit activity of economic entities. Studii economice/
Economic Studies. ULIM. Chisinau, nr. 1, pp. 150-160.
Balan, I. (2015). Particularitățile evaluării riscurilor de control intern la efectuarea auditului independent/ Peculiarities of the
internal control risk assessment when performing the independent audit. Studii economice/Economic Studies. ULIM.
Chisinau, nr. 1, pp. 112-118.
Balan, I. & Romanciuc, A. (2006). Organizarea controlului intern/Organizing internal control. Agricultura Moldovei/
Agriculture of Moldova, Chisinau, nr. 2, p. 10-11.
Berk, M.; Callaly, Th. & Hyland M. (2002). The evolution of clinical audit as a tool for quality improvement. Journal of
Evaluation in Clinical Practice, vol. 9, p. 257.
Bunget, O. C.; Florea-Ianc, Z.; Ghiţă, M.; Nicolau, C.; Pereş, C., E. & Pereş I. (2009). Guvernanţa corporativă şi auditul
managerial intern/ Corporate governance and internal management audit. Timişoara: Editura Mirton, p. 475.
Collier, P. & Ampomah, S. (2007). Management Accounting. Cima Official Learning System, p. 484.
Collins L. & Valin G. (1996). Audit et control intern. Principes, Objectifs et Pratiques/ Internal audit and control.
Principles, Objectives and Practices. Paris: Editura Dalloz, p. 370.
Dascălu, E. & Nicolae, F. (2006). Auditul managerial intern în instituţiile publice/ Internal managerial audit in public
institutions. Bucharest: Editura Economică, p. 237.
Dobroţeanu, C. & Dobroţeanu, L. (2007). Audit intern/ Internal Audit. Bucharest: Editura Infomega, p. 196.
Drăgan, P. (2008). Auditul intern, delimitări conceptuale şi limite/ Internal audit, conceptual delimitations and limits.
Bucharest: Editura CECCAR, p. 115.
Dumitrescu, D. (21-22 November, 2008). The Internal Audit. Conferinţa Internaţională Economia României postaderare 2
ani în UE/ Post-accession International Economy of Romania Conference. Resita, p. 460.
Hedges, M. (2006). Risk Management. Concepts and Aplications. In Krebs, G. & Mougin, Y. Les nouvelles pratiques de
l'audit qualité interne/ New internal quality audit practices. Paris: Editeur AFNOR, p. 486.
Ionaşcu I.; Filip A. T. & Mihai S. (2006). Control de gestiune/ Management Control. Bucharest: Editura Economică, p. 272.
Mitrea A. & Băncuță A. (2005). Audit public intern de la funcția de control la funcția de consiliere în cadrul asistenței
manageriale/ Internal public audit from the control function to the counseling function within the managerial assistance.
Bucharest: Ministerul Administrației și Internelor, p. 324.
Moldovan, M. & Balan, I. (2021). Reflecții conceptuale privind activitatea de audit intern în Republica Moldova/ Conceptual
reflections on the internal audit activity in the Republic of Moldova. Tezele conferinţei ştiinţifice internaţionale „Promotion
of Social and Economic Values in the Context of European Integration/ Theses of the international scientific conference
“Promotion of Social and Economic Values in the Context of European Integration. USEM. Chisinau, pp. 142-149.
Simunic, D. (1980). The pricing of audit services: Theory and evidences. Journal of Accounting Research, vol. 18, Issue 1,
pp. 161-190.
Tudorică A. & Masters T. (2009). The relationship between internal auditing and management. Cluj-Napoca: FSPAC, p.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Mirela Moldovan, Angela Deliu
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.
