Carrying out the planning activity involves the determination of the major areas of audit. An incorrect or incomplete planning leads to the loss of risk-bearing activities. Practice requires careful selection of activities from the auditable areas with increased risk, based on risk analysis...

The procedure of collecting and processing information represents actually preparing the information for carrying out the risk analysis and for identifying the necessary, reliable, relevant and useful information in order to achieve the objectives of the audit mission. Collection and processing...

Risk analysis materializes in: applying to the weightings of risk factors the level of risk assessment, on risk factors, based on the assessments made by auditors regarding: the functionality of internal control, the influence of quantitative and qualitative elements; determination of the total...

The intervention on the spot phase consists in collecting documents, reviewing and evaluating the activity and contains the following procedures: Collecting evidence, Finding and reporting irregularities; Reviewing working documents; Closing session. When auditors find frauds, errors that have a...

Corporate governance is no longer a new topic, but is in a constant controversy. This paper aims to establish the importance of external financial audit in improving corporate governance, a premise for survival, continuation and development of entities in the current economic climate. The core...

A better integration of public internal audit within a public entity means a proper assurance of cultural conditions (an awareness of internal controls, the audit culture, a positive image of internal audit) and materials (specific objectives, a rigorous methodology, a good communication plan...

Whatever the nature of the elements of the stock count or departments in which the elements are located, the auditor should perform their work according to certain rules and will perform the stock count in order to answer certain questions in the check list. The members of the audit team...

In the context of globalization the need of information becomes more and more important. The information dominate the economical life of entities, the access to information being an absolute necessary condition for the business success. The auditors issue a kind of warranty certificate...

Integration of environmental policy objectives in middle of economic activities involves changing patterns of production and consumption. This change can be done by regulations, taxation, judicial decisions, demands from public etc. Environmental audit represents a stage in the voluntary diagram...

The auditors have a key role in the development of modern economics and accounting rules in progress. Auditing is a profession that has emerged over the years trying to meet the changing needs which public entities have. Public internal audit activities role is to improve public entities...