Naslov
INTERNAL AUDIT ROLE IN CORPORATE GOVERNANCE - STATE AND FUTURE PERSPECTIVES

Autori
Tušek, Boris ; Novak, Ana ; Barišić, Ivana

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

Izvornik
Zbornik radova 5. međunarodnog znanstvenog simpozija “Gospodarstvo istočne Hrvatske – vizija i razvoj” / Prof. dr.sc. Anka Mašek Tonković - Osijek, 2016, 338-346

Skup
5.MEĐUNARODNI ZNANSTVENI SIMPOZIJGOSPODARSTVO ISTOČNE HRVATSKE –VIZIJA I RAZVOJ /5thINTERNATIONAL SCIENTIFIC SYMPOSIUM ECONOMY OF EASTERN CROATIA –VISION AND GROWTH

Mjesto i datum
Osijek, Hrvatska, 02.06.2016. - 04.06.2016

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Corporate governance, Mechanisms of corporate governance, Internal audit, Internal control

Sažetak
Internal audit, as corporate governance internal monitoring mechanism, has special significance in recent years. A basic prerequisite for understanding the role of internal audit in corporate governance is analyzing the association between the internal audit, internal control and corporate governance. Namely, in order to ensure the successful business operation, and to protect the interests of the capital owners, management is interested in establishing an adequate system of internal control to support the achievement of its objectives. Information about extent of management’s control in the company therefore is undoubtedly of great importance. Internal audit activities that include participation in the risk management processes and assessment of internal control effectiveness directly affect the quality of corporate governance, through its connection with other governance participants. By providing objective assurance on the effectiveness of the risk management, internal control and corporate governance and consulting services to improve in key areas, internal audit completes the quality of governance process which improves possibilities for achieving company’s objectives and helps to reduce the risk exposure. In addition, internal audit provides information that directly contributes to the quality of decision-making process both for internal and external users, thus optimizing the use of limited organizational resources.Development of the internal audit activity is a result of response to changes in business that are taking place globally. In recent years, companies are faced with major changes related to the development of business, technology, and regulatory requirements, especially after major corporate scandals and the crisis that followed. That enabled internal audit opportunity to extend the scope of work according to the needs and new demands, acting as a support to management but also to other governance bodies, such as the Audit Committee.This paper is aimed to analyze the importance of internal audit in corporate governance, its modern role and also tendencies of future development

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA