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Role Of Internal Auditing In Risk Management In The Public Sector And Local Entities - Case Study Bihor County

Author

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  • Dana Simona Gherai

    (Faculty of Economic Sciences, University of Oradea, Oradea, Romania;, Faculty of Economics and Business Administration, Cluj Napoca, Romania)

  • Diana Elisabeta Balaciu

    (Faculty of Economic Sciences, University of Oradea, Oradea, Romania;,)

Abstract

This exploratory study of the internal audit in the public sector in function, points out the need for the involvement of public sector entities, showing that in its role has traditionally focused mainly on evaluating internal control and not on the process of risk management and corporate governance.The objective of this study is to analyze the role of the internal auditing in risk management in public institutions from Bihor County. The method chosen is the research is based on questionnaire and the analysis of the institutions has been divided into two categories, so that, when the sample was taken in consideration, the likelihood that local public institutions of Bihor County have organized the public internal audit activity. Based on responses from 49 entities from public sector, the result of the study show us that the public internal auditors know they can play an important role in the risk management, but there is a number of other activities which must be conducted within the organization. So, they tend to understand the concept of risk management and risk management process, where it is carried out, and of the role they can play in improving and activity, however, issues of disposable incomes allocated to activity, and enough personnel specializing in the field, as well as a lack of interest of management to increase the efficiency and profit of the public internal audit activity, are issues that impede performance and risk management.

Suggested Citation

  • Dana Simona Gherai & Diana Elisabeta Balaciu, 2013. "Role Of Internal Auditing In Risk Management In The Public Sector And Local Entities - Case Study Bihor County," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1324-1333, July.
    • Handle: RePEc:ora:journl:v:1:y:2013:i:1:p:1324-1333
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    File URL: http://anale.steconomiceuoradea.ro/volume/2013/n1/140.pdf
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    References listed on IDEAS

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    1. Mu’azu Saidu Badara, 2012. "The Relationship between Risk Management and Internal Audit Effectiveness at Local Government Level," Journal of Social and Development Sciences, AMH International, vol. 3(12), pages 389-396.
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    Cited by:

    1. Hysen Ismajli & Mimoza Guda Ferati & Agon Ferati, 2017. "The aim of this study is to examine the role of internal audit function in risk management and challenges that influence its function in private companies in Kosovo. The method chosen for the research," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(5), pages 146-154, OCTOBER.

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    More about this item

    Keywords

    Auditing; Public entities; Internal Auditing;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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