Empirical Research on the Internal Audit. Perspective of the Professionals Within the Romanian Banking System

This research takes into consideration the existence of the principal-agent type relationships within the banking system, as well as the portfolio of risks related to it. Therefore, the internal audit intercedes between the stakeholders and the management of the credit entities, becoming a component of the corporate governance mechanism. In this respect the internal audit must assure the stakeholders of the achievement of the credit institution’s objectives, the effectiveness of the internal control system, the risk and corporate governance management. Two directions are approached within this research. The first research direction considers the review of the professional literature at national and international levels. The second one has as research objectives the analysis of the opinion of the professionals working into a credit entity in Romania in terms of internal audit. By this endeavor, the current research identifies the real aspects regarding the internal audit at banking system level.