[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxviiy2017i2p571-575.html
   My bibliography  Save this article

Internal Audit: “A Necessary Evil†or A Creator of Added Value?

Author

Listed:
  • Imbrescu Carmen Mihaela

    (West University of Timișoara)

  • PeÈ›a Crina

    (West University of Timișoara)

Abstract
The present work focuses on the problem of creating added value by the department (service) of internal audit. This basically is a creator of new value by saving resources and avoiding losses due to disturbing factors that may appear at a certain moment in the entity’s activity. The concept of “added value†in the internal audit activity is a controversial concept and the auditor is an “independent valuator†of the efficient use of resources inside the entity. The specialty literature and the practice allow the possibility to identify premises and factors on which the performance of the internal audit function depends on. A method to measure the performances of the internal audit department inside the entities is the “Synoptic scoreboard†. This instrument allows identifying the fields the internal audit can bring an added value to the entity and the impact of the internal audit function on the performances, including the financial ones.

Suggested Citation

  • Imbrescu Carmen Mihaela & PeÈ›a Crina, 2017. "Internal Audit: “A Necessary Evil†or A Creator of Added Value?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 571-575, December.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:2:p:571-575
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2017-2/Section%20V/15.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    internal audit; added value; “Synoptic score tables†; performance;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xvii:y:2017:i:2:p:571-575. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.