Risk Management and Compliance as Main Topics within Nowadays’ Romanian Internal Auditing

Today’s business environment is characterized by a number of pressures for a more effective risk management. The present paper highlights the perspectives of internal audit which should be considered as an important progress factor for current Romanian organizations. Our findings suggest that Romania has created the premises for the future development of internal auditing as a main function within companies which could help them become more efficient and competitive. As it is demonstrated during our research, internal audit has a great impact on the effectiveness of corporate governance. By controlling risk management, auditors will be able to maximize audit’s positive results. Our findings propose some conclusions for improving internal auditing functions especially by effectively managing organizational and structural risks.