COUNSELING OR CONSULTANCY PROVIDED BY INTERNAL AUDIT

The implementation of the internal audit function presumes the realization of both assurance activities regarding the functionality of the managerial control system and, also, the counseling or consultancy activities fulfilled for the management with a scope of improving corporate governance, risk management and control processes within the entity. Taking into consideration the fact that the counseling activity was implemented much later, respectively in the year 2006, we present a series of considerations regarding the definition of the couseling concept, the forms and types of counseling, the manner in which this activity is reported according to the internal audit standards, the counseling activity's planning process and the problems with which the internal auditors can confront during he unfolding of this activity.