Open AccessThe concept and the appearance of internal audit committees
Author(s) -
Cristian Drăgan
Publication year - 2018
Publication title -
annals
Language(s) - English
Resource type - Journals
ISSN - 2067-0427
DOI - 10.38130/cmu.2067.100/42/19
Subject(s) - internal audit , audit committee , chief audit executive , information technology audit , business , audit , accounting , corporate governance , joint audit , audit plan , autonomy , control environment , control (management) , audit evidence , public relations , management , political science , law , finance , economics
The Audit Committee is a concept of Corporate Governance, whose main concerns are focused on organizing and ensuring the proper functioning of internal control, internal audit, and its relationship with external audit. Audit committees have emerged from the need to send recommendations to the general management or board, to understand them and provide needed assistance for their implementation.For these reasons, the boards of directors thoroughly oversee the qualifications of committee members, their autonomy towards managers, the information they receive from auditors, and what they report.