INTERNAL AUDITORS’ TOOLS USED IN THE ASSESSMENT OF CORPORATE GOVERNANCE QUALITY
DOI:
https://doi.org/10.7251/ZREFIS1408189SKeywords:
internal audit, corporate governance, quality assessment, auditors’ toolsAbstract
Considering the consequences of big corporate scandals and crashes, the public today is more interested in quality of corporate governance. The role of internal auditors in the process of corporate governance is specific as they are not responsible for it, like managers and directors, but they facilitate the process through the combination of knowledge, experience, familiarity with internal and external rules and regulations and special view of all business processes and access to information. Because of their specific position in the organization and the scope of their work, internal auditors have been recently more and more focused on corporate governance process. Thus, one of their tasks is to assess its quality and for this reason auditing profession has found and created special tools enabling internal auditors to perform this task. The goal of this paper is to provide a unique review of tools which auditors may use while assessing corporate governance quality and help them to improve their function.References
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