INTERNAL AUDIT AND RISK MANAGEMENT IN PUBLIC SECTOR ENTITIES, BETWEEN TRADITION AND ACTUALITY

The deep transformations which have marked the public sector, generated by theEuropean Union extension, the decentralization process, the increase of complex activities, theascendant trend of current agreements and the descendant trend of future resources requireredefining the role of internal audit and risk management in the public sector entities. By the undertaken study we define the risk concept, identify the typology and indubitablydivide the involvement of public internal audit and risk management into the equation of riskswithin the public sector entities. The research takes into account a synthesis of the ideas publishedon the topic, the regulations issued by the national and international accounting regulators, and bybodies of the accounting profession.