Acta Universitatis Danubius. Œconomica, Vol 9, No 6 (2013)

The Internal Audit – Key Pillar of Corporate Governance

Mihaela-Cristina Onica


The internal audit elaborates recommendations in order to improve the government process  for the fulfilling of some strategic objectives, amongst one can mention: the promotion of ethic values within the patrimonial entities, the insurance of accountability, the efficient functioning of the legal entity management, the efficient communication of the risks and information on the internal control to the structures within the economic entity, the effective coordination of activities, the information communication within the management, between the internal and external auditors, as well as the good management of the relation with the Board of Directors. The study is based on the relation between the internal audit and the corporate governance, within the context where the internal audit became an essential pillar for a modern company, because it highly reflects the efficiency by properly using human resources and materials, a better coordination between various departments in a legal entity. By ensuring the fact that the economic entity respects the corporate governance standards, the internal audit establishes the development of an integrity reputation, the development of business relations based on trust.


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