The internal audit in the corporate governance context

In this paper, we will start our journey by presenting some introductory notions regarding the internal audit, its evolution and its characteristics, then continuing with an insight into its conceptual regulatory framework.The following chapters will address the issues of professional ethics, fundamental principles and behavioral aspects that must govern the practice of internal auditors, aspects of corporate governance, governance models applicable in Romania and, last but not least, stages and characteristics of internal audit missions.

By this endeavour, in the continuation of the corporate governance issues, we intend to highlight the essential role of the audit committee in monitoring the activity of the Board of Directors, ensuring, on the one hand, the accuracy of the decisions taken, as well as the performance of the operational management and, on the other hand, its role as protector of the interests of all stakeholders, because it has the ability to give confidence regarding the information disclosed by an entity by ensuring and maintaining an environment free from interference.

This book is dedicated to all those who are interested in knowing the aspects of internal audit, its organization and its functioning within an organization, in the context of corporate governance, both to the students of the bachelor and master programs studying Internal Audit and to the general public eager to enter the field of audit and corporate governance.