Empirical Research on the Internal Audit. Perspective of the Professionals Within the Romanian Banking System

This research takes into consideration the existence of the principal-agent type relationships within the banking system, as well as the portfolio of risks related to it. Therefore, the internal audit intercedes between the stakeholders and the management of the credit entities, becoming a component...

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Bibliographic Details
Published inEcoForum (Suceava.) Vol. 6; no. 1
Main Authors Ștefănescu, Aurelia, Pitulice, Ileana Cosmina, Mihalcea, Florina
Format Journal Article
LanguageEnglish
Published Asociaţia de Cooperare Cultural-Educaţională Suceava 2017
Association of Cultural-Educational Cooperation Suceava
Subjects
Business Economy / Management
Financial Markets
Governance
Romania
credit institution
professionals
internal audit
interview
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Summary:This research takes into consideration the existence of the principal-agent type relationships within the banking system, as well as the portfolio of risks related to it. Therefore, the internal audit intercedes between the stakeholders and the management of the credit entities, becoming a component of the corporate governance mechanism. In this respect the internal audit must assure the stakeholders of the achievement of the credit institution’s objectives, the effectiveness of the internal control system, the risk and corporate governance management. Two directions are approached within this research. The first research direction considers the review of the professional literature at national and international levels. The second one has as research objectives the analysis of the opinion of the professionals working into a credit entity in Romania in terms of internal audit. By this endeavor, the current research identifies the real aspects regarding the internal audit at banking system level.
ISSN:2344-2174