Role of internal audit in risk management system of the companies
Role of internal audit in risk management system of the companies

Summary/Abstract: Taking into consideration the need and the requirements of the management, as well as the structure and the size of the company and its business, there are differences in the internal audit as well. Except the analysis of the accounting data, the verification for compliance with the law, detecting errors and illegal operations, the internal audit is increasingly directed towards the process of risk management to meet the demands of the business uncertainty and to enable the management for appropriate business decision making.The subject of the research is the role of the internal audit in the risk management of a company, while the purpose of the research is to examine and evaluate the contribution of the internal audit in the management of risks in the Macedonian enterprises. For these purposes, a research was conducted in 30 Macedonian enterprises during which their managers / heads were surveyed as well as 48 internal auditors on the territory the Republic of Macedonia. The research has led to the conclusion that internal audit has a significant impact on improving the quality in the process of risk management.

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