against the risk factors. The aim of this article is to present theoretical and practical (on the basis of the examined … exposure to risk. The applied research methods are based on the method of conceptual analysis of the literature on the examined …

, financial statements analysis, ratios and trends analysis, non-financial data analysis and risk identification. External and … includes organization policies and procedures, control environment and corporate governance. Risk identification consist of … various audit risk areas of BEXTEX, like – inherent risk, control risk and detection risk …

We examine whether internal auditing provides value to organizations by reducing risk. We compare the changes in risks … importance of an internal audit while holding constant changes in risk due to the organization and time period. Based on ratings … from the heads of audited and non-audited units, we find that managers of audited units perceive a greater decline in risk …