INTERNAL AUDIT AND ITS ROLE IN IMPROVING CORPORATE GOVERNANCE SYSTEMS

The corporate governance implies a cycle that extends from the steering andmonitoring role of the board, to the administrative and operational executives and the role ofinternal and external auditors certification. These roles come from three different levels ofgovernance. Efficiency level can impact another, but also governance throughout theorganization. In this sense, the system includes all activities, from monitoring, operation andcontrol to the processes and activities to meet the needs of different stakeholders.Implementing a system of corporate governance involves the basic principles leading torelations between different participants, to define responsibilities and ensure the correctoperation of the decision making process. A well-based information system is essential foroptimal functioning of organizations, but also for their future development.