Agenția pentru Întreprinderi Mici și Mijlocii,
Atragere de Investiții și Promovare a Exportului - PLOIEȘTI
INTEGRATION OF EUROPEAN AND INTERNATIONAL REQUIREMENTS IN
FINANCIAL AUDIT MISSIONS OF SMEs IN ROMANIA
Internal audit activities are carried out in various legal and cultural environments, in
within organizations that vary according to their purpose, size, complexity and structure, and by individuals inside or outside the organization. Although the differences may affect
internal audit procedures in each environment, compliance with International Standards
for internal audit professional procedures, hereinafter referred to as Standards, is
essential when the responsibilities of internal auditors interfere. If internal auditors are forbidden by law or regulation to comply with certain parts of the Standards, they should comply with other parts of the Standards and make appropriate presentations.
Insurance services involve the objective of the internal auditor to evaluate evidence to
provide an independent opinion or conclusions about a process, system, or other
Through their activities, internal audit adds value both through the evaluation of the
internal control system and risk analysis associated with auditable activities, as well as
by the recommendations contained in the report drawn up, formulated and transmitted in order to ensure the achievement of the objectives of the organization. In 1991, Joseph J. Mosssis, president of the UK Internal Audit Institution, said that "it is clear to those who work as internal auditors that they have a vital role to play, helping leadership to take control of internal control."
Small and medium-sized practitioners have the feeling that they are surrounded by an increasingly environment more regulated, which does not necessarily correspond to their immediate profile or needs. In order to provide favorable conditions for the development of these companies, the limited audit or statutory review referred to above may be accompanied by proportionate quality control and oversight standards by the audit regulatory bodies. This would allow small and medium-sized practitioners to reduce their administrative costs and help them better serve their customers.
Internal auditors evaluate the entity's internal control system and provide reasonable insurance to the general management related to its functionality.
Internal audit is a profession that has always been redefined over the years, by desire
to respond to the changing needs of entities. Focused primarily on financial-accounting issues, internal audit shifted its objectives to identify the main risks of entities and assess their internal control.