In addition to the well-known facilitators of good corporate governance, such as executive boards (EBs) and audit committees (ACs), recent literature increasingly refers to the benefits of implementing an internal audit function (IAF). This may lead to imminent problems, which are discussed...

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...

This paper empirically examines the relation between corporate risk-taking and the organizational level with which internal auditing is affiliated in Chinese listed firms. Using a sample of 1,806 firm-year data available from 2007 to 2009, we find that Chinese corporate risk-taking is only...

We examined the nexus between four internal audit functions (IAF) and sustainability audits (SA) of manufacturing firms. The specific IAF employed in this study were; risk management practices (RMP), sustainability sensitivity (SS), internal audit effectiveness (IAE) and enactments, policies,...

This study uses audit file data to analyze the association between the auditors' preliminary assessments of going-concern and fraud risk and the planning and performance of the financial statement audit. We analyze the association between the above risks and the auditor's assessment of the risk...

In a world in which uncertainty and risk generate alternatives or options, economic life does not raise the question of choosing between risky situations and certain situations, but between different degrees of risk and different possible contexts. The existence of a wide range of risks with...

In Romania, internal audit has been adopted as a fashionable term in the field of financial control, but with time we managed settling internal control concepts and internal audit. Currently there is a problem with understanding the internal control system, which is the subject of internal...