NEW PERSPECTIVES ON THE PRIORITIES AND CHALLENGES OF THE INTERNAL AUDIT FUNCTION

Abstract

In recent years, in the context of an increasingly dynamic economic environment, internal audit function knows an ascending trajectory as a consequence of the qualitative changes recorded following the application of a methodological and procedural framework appropriate to this activity. The present research highlights the priorities and the current challenges that the internal audit function faces in the Romanian space, but also worldwide faced in terms of expanding roles, emergence of new risks, grater stakeholder scrutiny and resourcing pressures. This scientific approach is made possible by using the information provided by the Institute of Internal Auditors through the Research Foundation of it, focused on Global Internal Audit Common Body of Knowledge (CBOK) 2015 Practitioner Survey in order to achieve a global perspective and a better understanding of stakeholders’ expectations of internal audit’ s purpose, function and performance and data documented following the opinion surveys of internal auditors conducted by KMPG and other specialist in the field - Deloitte, Protiviti. JEL Classification: M42

Keywords

• internal audit function, priorities, challenges, cybersecurity, technologies.