THE ASSESSMENT OF THE INTERNAL AUDIT APPROACH IN THE CONTEXT OF CORPORATE GOVERNANCE

Internal audits emerged and developed against the background of the need to prevent economic fraud and closely linked to the basic requirement of the existence of good corporate governance, namely to establish appropriate techniques and tools for managing critical situations that may affect the interests of all concerned. For a functioning within the parameters expected by all interested parties, any public interest entity shall take steps towards creating a strong link between risk management, the degree of development of the internal management control system and corporate governance. This becomes achievable only with the well-positioned support of the internal audit.