ROLUL AUDITULUI INTERN ŞI MANAGEMENTUL RISCULUI IN CONTEXTUL CRIZEI ACTUALE
ROLE OF THE INTERNAL AUDIT AND RISK MANAGEMENT IN CURENT CRISIS

Summary/Abstract: Nowadays organizations should fully understand that management remains responsible for risk management and the objective of internal auditing is to assist members of the organization in the effective discharge of their responsibilities and not to implement risk management framework within the organization. Internal auditors should provide advice, and support management's decisions on risk, as opposed to making risk management decisions. ERM provides a framework for risk management, which typically involves identifying particular events or circumstances relevant to the organization's objectives (risks and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring progress. By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders, including owners, employees, customers, regulators, and society overall.

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