Naslov
The Role of Auditing in Corporate Governance

Autori
Tušek, Boris ; Žager, Katarina ; Sever, Sanja

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
AIESA 2007 - Building of society based on knowledge 11th International Scientific Conference / - Bratislava : Faculty of Economic Informatics University of Economics in Bratislava, 2007

ISBN
978-80-225-2334-9

Skup
AIESA 2007 - Building of society based on knowledge 11th International Scientific Conference

Mjesto i datum
Bratislava, Slovačka, 17.05.2007. - 18.05.2007

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
corporate governance; internal auditing; financial statements auditing

Sažetak
The corporate governance is a new philosophy in development corporate structure which comprises companies, it owner's structure and designed laws and regulations. The corporate governance system specifies the distribution of the rights and responsibilities among the different stakeholders within the company. Internal auditing, because of its independence, has a supervision role within the company. It must help management board in achieving corporate goals, must ensure that the procedures and policies are followed and compliance with designated laws and regulations. Internal auditing also must provide objective assurance on systems of control, including risk management, operational and financial control. Therefore, internal auditing is a very important and indispensable part of the process of corporate governance. On another hand the aim of external auditing is make sure that information presented in financial statements are true and reliable. True and reliable financial information are especially important if we take into the account that this information are bases for decision making process in the company. In conclusion, properly organized and well working internal audit function can deliver the value to the company in order to meet the objective of having good corporate governance. Financial statement auditing is a guarantee of reliable financial information for decision making process for external users in corporate governance.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA