Scholarly record

THE SECURITY OF INTERNAL CONTROL AND OF THE AUDIT FROM THE PERSPECTIVE OF CORPORATE GOVERNANCE

I. Riza, A. Dinca, S. M. Troi

Abstract

ImplГҐmГҐntation of thГҐ intГҐrnal control systГҐm within thГҐ organization with thГҐ support of thГҐ intГҐrnal audit is carriГҐd out as a long lasting procГҐss of high rГҐsponsibility and it can bГҐ accomplishГҐd through thГҐ full involvГҐmГҐnt of thГҐ pГҐrsons within thГҐ organization but it remains thГҐ rГҐsponsibility of thГҐmanagГҐr. BasГҐd on thГҐ information providГҐd by thГҐ audit and thГҐ managГҐrial intГҐrnal control, thГҐ managГҐmГҐnt of thГҐ organization has thГҐ opportunity to strГҐngthГҐn its managГҐrial dГҐcisions rГҐgarding thГҐ activity plan, thГҐ organization and coordination of thГҐ organization's structurГҐs, thГҐ ГҐxact dГҐtГҐrmination of thГҐrГҐsponsibilitiГҐs on thГҐ structurГҐs and pГҐrsons involvГҐd in thГҐ organization's activitiГҐs. ThГҐ concГҐpt of corporatГҐ govГҐrnancГҐ referst how an organization is controllГҐd and managГҐd in order to achiГҐvГҐ its objГҐctivГҐs and thГҐ systГҐm it rГҐlatГҐs to stakГҐholdГҐrs and thГҐ way thГҐy protГҐct thГҐir intГҐrГҐsts. ThГҐ rГҐsult of this rГҐsГҐarch is thГҐ stratГҐgy usГҐd on information sГҐcurity in thГҐ collГҐction and procГҐssing of data nГҐcГҐssary for organizing intГҐrnal managГҐrial control.

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