THEORETICAL AND METHODOLOGICAL FOUNDATIONS OF APPLYING A RISK-BASED INTERNAL AUDIT SYSTEM TO ENTERPRISE MANAGEMENT AND CONTROL

Abstract

This thesis covers the theoretical and methodological foundations for the application of a risk-based internal audit system in the management and control of enterprises. The role of the concept of Risk in economic and managerial decisions, its forms of manifestation at the strategic, operational and financial levels are analyzed. The limited aspects of traditional internal auditing as well as the advantages of a risk-based approach are outlined. Methodological approaches aimed at identifying, evaluating and reducing risks have also been studied.