Интерната ревизија во функција на квалитетно корпоративно управување

Abstract

Among the key elements of an entity’s corporate governance is its internal audit function. Theoretical and empirical literature, points out many indicators of the interaction between internal audit and corporate governance. The dissertation’s purpose is to determine the share of internal audit in the effective implementation of corporate governance. Traditionally, the internal audit function was designed to safeguard firm’s assets and assist in the production of reliable accounting information for decision-making purposes. But, the role of internal audit has been dramatically altered to value-added assurance, through its role in improving risk management, internal controls and governance process which are critical to preserving and enhancing corporate governance. The findings of the research include a variety of internal audit activities that affect corporate governance. In this sense, its performance in the area of efficient internal controls, financial reporting, risk management, fraud detection and prevention as well as the audit of IT systems, is viewed. A separate section is summarizing aspects of measuring the added value of this function. Finally, is given a research report and conclusions, based on a survey undertaken in our companies in order to evaluate the role of internal audit in corporate governance and management.It identifies the accountability structures and objectives of internal audit, considers the nature of internal audit functions and the extent of application of Auditors Standards, reviews the relationships with governance and management and assesses the nature of financial report risks and other issues covered by internal auditors. The results of empirical research have shown that the development degree of internal auditing in the companies in Macedonia does not correspondence to the development degree of internal auditing in the modern market economies. The fact is that management auditing still represents only a minor part in the internal auditors projects in Macedonia.