Within a changing world, Europe is supposed to become a smart and sustainable economy. For such a reason, European countries and enterprises should deliver high levels of productivity, employment, innovation and social inclusion. The purpose of this study is to highlight internal auditors' urgent need for increasing their accounting expertise. Based on the framework presenting factors with impact on internal audit effectiveness, this paper aims to analyse them in the perspective of EU Vision 2020. The main objective of this research is to characterize the current state of Romanian internal auditing and to foresee the future one. We hope that our research results will contribute to the improvement of internal audit. Addressing the systemic approach of internal audit and control, we intend to identify the synergies created between internal audit functions and skills and their impact on the quality of audit' results. Moreover, we sustain that the accounting expertise and nontechnical attributes are considered as main differentiators in terms of audit performance. For this goal, we elaborate a conceptual model for the analysis of internal auditors' accounting expertise hoping that our research findings will open the way for future studies in the operational field. By testing our proposed model, Romanian managers and internal auditors could be determined to build effective strategies for managing risks and preventing fraud.
展开▼
