CORRECT RELATIONSHIPS BETWEEN AUDIT AND MANAGEMENT PROVIDE ECONOMIC EFFECTIVENESS AND ADDED VALUE TO THE ORGANIZATION
CORRECT RELATIONSHIPS BETWEEN AUDIT AND MANAGEMENT PROVIDE ECONOMIC EFFECTIVENESS AND ADDED VALUE TO THE ORGANIZATION
Author(s): Pjetër Ndreca, Arif MurrjaSubject(s): Business Economy / Management, Management and complex organizations, Accounting - Business Administration, Socio-Economic Research
Published by: INTERNACIONALNI UNIVERZITET TRAVNIK
Keywords: Managers; Internal Audit; External Audit; Auditing; Internal Auditors; External Auditors; Relationships; Actors; Independence; Communicating; Organization; Expectations; The responsibilities; common interests; Internal control;
Summary/Abstract: The purpose of this article is: - to address the right relationships between actors and to ensure success in the Organization, - to explain the relationship between the senior management level and the audit management level, - to explain the ways of understanding and cooperation between auditors and managers, - to address the expectations and difficulties that exist between the head of the organization, managers and auditors, - to explain the responsibilities of the functioning internal control in an organization, - to define the role of internal and external actors for the functioning of internal control in an organization, - to illustrate the cooperation between "Internal" and "External Audit", and to explain that while the responsibilities and objectives of them may vary, they have common interests, - to illustrate the cases when external auditors can use the work of internal auditors.
Journal: ZBORNIK RADOVA INTERNACIONALNOG UNIVERZITETA TRAVNIK
- Issue Year: 10/2021
- Issue No: 23
- Page Range: 65-77
- Page Count: 13
- Language: English
