THE INFLUENCE OF INTERNAL CONTROL AND RISK MANAGEMENT SYSTEMS ON INFORMATION TRANSPARENCY AND BUSINESS SUSTAINABILITY

Abstract

Corporate governance continues to be an issue of great interest to both researchers and practitioners, as a result of the ongoing challenges to which companies have to answer for. The economic context and the current pandemic, but also the need for development bring new requirements to governance, imposing a rethinking of the strategy, as well as of the business processes. The internal audit function to which the necessary resources have been allocated can and must provide reasonable assurance as to the achievement of the objectives and provide a range of solutions to the problems identified. The motivation that determined the authors to approach this internal audit function was the topicality and importance given to the internal audit in the current period. Because of the analysis, it appears that, although a number of changes have been made to the internal audit function essential pylon in corporate governance recently, the role and importance of this function within the entities will change as a result of the digitalization of the profession.

Keywords

• corporate governance
• internal audit
• internal control
• risk management