THE ROLE OF INTERNAL AUDIT IN EMERGENT RISKS MANAGEMENT

The actual economic environment is in a continuous movement, being influenced by the phenomenon of globalization, by government policies, by technological evolution, etc. This dynamic also implies new challenges for both the business environment, as well as for accounting specialists and auditors, who are constantly required to identify new solutionss. It is known that any business involves risks. Studies in the field have identified with success certain risks that can be foreseen and through an efficient risk management process, their negative impact on the entity could be limited. However, in the past few years the business environment has experienced another category of risks, such as emergent risks, having as a defining characteristic, the fact that they are unknown, unexpected, and their impact cannot be evaluated according to the classical models. As a result, the role of internal auditors to contribute to the improvement of the governance process, risk management and control of the entity, offers now new perspectives, which take into account the future impact, becomes more important and vital in the organization's activity.