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Features of Internal Audit in Pharmaceutical Industry

Author

Listed:
  • Tsvetanova, Yulia
Abstract
The review highlights the main features of internal audit by focus on distribution of medicinal products. Recent data suggest internal audit as an antidote to effects of economic recession. The present review reveals internal audit as a tool for competitiveness through implementation of good practices. The purpose of the review is to describe the advantages of internal audit in new institutional frame. The object of analysis is the distribution practice, and more concrete, the wholesale distributors. The analysis was perform by factor analysis and done in response to the tendency for outsource of distribution activities and practical interest in the use of internal audit by implementation of requirements and recommendations for good practices. The results showed that the internal audit in pharmaceutical industry is determinate by two factors: regulatory requirements and complexity of supply chain. The external and the internal environment define five features of internal audit in pharmaceutical industry.

Suggested Citation

  • Tsvetanova, Yulia, 2014. "Features of Internal Audit in Pharmaceutical Industry," MPRA Paper 56344, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:56344
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    File URL: https://mpra.ub.uni-muenchen.de/56344/1/MPRA_paper_56344.pdf
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    References listed on IDEAS

    as
    1. Wanda A. Wallace & Richard W. Kreutzfeldt, 1991. "Distinctive characteristics of entities with an internal audit department and the association of the quality of such departments with errors," Contemporary Accounting Research, John Wiley & Sons, vol. 7(2), pages 485-512, March.
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    Cited by:

    1. Miroslav Nedelchev, 2018. "Bibliometric Review of Corporate Governance Theories and Methods," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 126-145.
    2. Miroslav Nedelchev, 2019. "Corporate Governance of State-Owned Enterprises: The Case of Healthcare Establishments in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 115-123.
    3. Miroslav Nedelchev, 2019. "Theories Of Executive Remuneration," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 16(1), pages 10-18.
    4. Miroslav Nedelchev, 2020. "Origin And Definition Of Regtech," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 17(1), pages 1-9.
    5. Miroslav Nedelchev, 2018. "Diversity On Corporate Boards: Parent Banks Vs. Subsidiary Banks," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 14(2), pages 2-10.

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    More about this item

    Keywords

    internal audit; good practices; medicinal products;
    All these keywords.

    JEL classification:

    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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