The relationship between the audit committee
Audit committees, governance type or otherwise, are a less common feature in EU Member States, where only few countries have extended audit committees or “governance” or similar such committees . Audit committees in the private sector focus on ensuring the reliability and the internal and external...
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| Format: | Article |
| Language: | English |
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Chamber of Financial Auditors of Romania
2016-05-01
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| Series: | Audit Financiar |
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| Online Access: |
http://revista.cafr.ro/temp/Article_9471.pdf
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| _version_ | 1818252221278584832 |
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| author | Emilia VASILE Daniela MITRAN |
| author_facet | Emilia VASILE Daniela MITRAN |
| author_sort | Emilia VASILE |
| collection | DOAJ |
| description | Audit committees, governance type or otherwise, are a less common feature in EU Member States, where only few countries have extended audit committees or “governance” or similar such committees .
Audit committees in the private sector focus on ensuring the reliability and the internal and external reporting, and therefore on the internal and external audit, the quality of internal control systems and risk management processes. For many countries applying this type of public sector audit committee may be too sophisticated, because there are no preconditions for its existence. The existence of audit committees does not automatically mean that organizations function properly and have no governance, internal control and external reporting problems.
Because of the importance of communication between the internal auditors and the audit committee, the paper addresses issues such as planning discussions with internal auditors, analysis and conclusions as a result of communication, questionnaire models for the addressed areas and planning the meetings with external auditors. |
| first_indexed | 2024-12-12T16:20:44Z |
| format | Article |
| id | doaj.art-503f7c2b51fe4bfa8b0e7fcb400e9dc3 |
| institution | Directory Open Access Journal |
| issn | 1844-8801 |
| language | English |
| last_indexed | 2024-12-12T16:20:44Z |
| publishDate | 2016-05-01 |
| publisher | Chamber of Financial Auditors of Romania |
| record_format | Article |
| series | Audit Financiar |
| spelling | doaj.art-503f7c2b51fe4bfa8b0e7fcb400e9dc32022-12-22T00:18:58ZengChamber of Financial Auditors of RomaniaAudit Financiar1844-88012016-05-011413751852510.20869/AUDITF/2016/137/5189471The relationship between the audit committeeEmilia VASILE0Daniela MITRAN1 “Athenaeum” University of Bucharest “Athenaeum” University of Bucharest Audit committees, governance type or otherwise, are a less common feature in EU Member States, where only few countries have extended audit committees or “governance” or similar such committees . Audit committees in the private sector focus on ensuring the reliability and the internal and external reporting, and therefore on the internal and external audit, the quality of internal control systems and risk management processes. For many countries applying this type of public sector audit committee may be too sophisticated, because there are no preconditions for its existence. The existence of audit committees does not automatically mean that organizations function properly and have no governance, internal control and external reporting problems. Because of the importance of communication between the internal auditors and the audit committee, the paper addresses issues such as planning discussions with internal auditors, analysis and conclusions as a result of communication, questionnaire models for the addressed areas and planning the meetings with external auditors. http://revista.cafr.ro/temp/Article_9471.pdf Managementinternal auditorsinternal controlexternal auditorsaudit committeeboard of directors |
| spellingShingle | Emilia VASILE Daniela MITRAN The relationship between the audit committee Audit Financiar Management internal auditors internal control external auditors audit committee board of directors |
| title | The relationship between the audit committee |
| title_full | The relationship between the audit committee |
| title_fullStr | The relationship between the audit committee |
| title_full_unstemmed | The relationship between the audit committee |
| title_short | The relationship between the audit committee |
| title_sort | relationship between the audit committee |
| topic | Management internal auditors internal control external auditors audit committee board of directors |
| url |
http://revista.cafr.ro/temp/Article_9471.pdf
|
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