Internal Audit and Management Entity

Businesses and organizations are in constant confrontation with improving their performance in an environment that provides them with all the guarantees. This improvement is increasingly sought through a decentralization of decision making to ensure appropriateness. In these circumstances, the firm's manager will normally ask questions about the effectiveness of the functioning of the organization, exercised by him and by his collaborators. In this context occur internal audit, an independent objective assurance and business advisory, intended to add value and lead to business improvement organization. In Romania, the organization of internal audit in the private sector, there are some problems with a full understanding of the necessity and advantages of this function, which is manifested by poor organization or unorganized internal audit function, even where it is absolutely necessary. Internal audit is a topical issue and of interest for companies competing in the single global market with a demand of professionals in the field, as well as youth, eager to practice and develop their skills in this career. The internal audit function within the economic entity is essential because it helps the company in achieving its objectives and adds value and transparency, assisting at the same time, the manager, to enable it to better manage their activities. (C) 2012 Published by Elsevier Ltd. Selection and/or peer review under responsibility of Emerging Markets Queries in Finance and Business local organization