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Risk Based Internal Audit: Persepctives Offered To Corporations And Banks


  • Tatiana Danescu

    (Petru Maior University of Targu Mures)

  • Anca Oltean (Muntean)

    (Petru Maior University of Targu Mures)

  • Raluca Sandru

    (Petru Maior University of Targu Mures)


Internal audit aims at providing an independent opinion about whether the objectivesof one institution are achieved, and if not to define the circumstance that hinder fromaccomplishing them. In the context of value addition to the organization, there is increasingpressure for addressing exposure to risks, regulatory requirements for risk assessment andquantification play in these sense a great role. The shift from a traditional approach on internalaudit is required by current trends of corporate governance and risk management. In this paper wepropose a procedural guidance framework on how to address problems regarding operational riskinternal auditing by stressing particularities of banking organization working on Romanianterritory. Our conclusions draw attention to the fact that acknowledging the regulation effortsundertaken by supervision authority for efficient risk management, a risk based internal audit canbe implemented having in mind the advantages that this form of audit involves.

Suggested Citation

  • Tatiana Danescu & Anca Oltean (Muntean) & Raluca Sandru, 2010. "Risk Based Internal Audit: Persepctives Offered To Corporations And Banks," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(12), pages 1-22.
  • Handle: RePEc:alu:journl:v:1:y:2010:i:12:p:22

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    Based Internal Audit; Internal Controls; Risk Assessment; Risk Management;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill


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