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Internal Audit - A Key Element Of Corporate Governance In Credit Institutions


  • Ciprian Mihailescu

    (‘1 Decembrie 1918‘ University of Alba Iulia)

  • Corina Ducu

    (‘1 Decembrie 1918‘ University of Alba Iulia)


The world has always been in constant change and evolution, but the rate atwhich changes and the evolution of humanity take place has dramatically increased over thepast 70 years. Corporate governance and internal audit profession were no exception, bothevolving with great speed. All changes on the global financial markets in the last 10-15 yearsand the multiple crises that the global economy went through during this period producedmultiple mutations both in the internal audit activity and the role that this activity and theaudit committees have in corporate governance. There are several aspects that willsignificantly mark internal audit in the 21st century, and the organizations that will takeaccount of these issues will have an internal audit service that will truly bring them addedvalue.

Suggested Citation

  • Ciprian Mihailescu & Corina Ducu, 2011. "Internal Audit - A Key Element Of Corporate Governance In Credit Institutions," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-21.
  • Handle: RePEc:alu:journl:v:2:y:2011:i:13:p:21

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    References listed on IDEAS

    1. Hennie Van Greuning & Sonja Brajovic Bratanovic, 2009. "Analyzing Banking Risk : A Framework for Assessing Corporate Governance and Risk Management, Third Edition," World Bank Publications, The World Bank, number 2618.
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    More about this item


    internal audit; corporate governance; risk management; credit institutions.;

    JEL classification:

    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting


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