Position and role of Internal Audit within the business group controlling mechanisms

Abstract

The aim of this paper is to define position and role of the internal audit within the controlling mechanisms of the business group as these are supplementary to supervisory functions. In some jurisdictions, internal audit forms an essential function with respect to the corporate governance.

However, powers of the internal audit body or function are affected and vary due to its position in various legal structures.

Keywords

• Position
• role
• Internal
• Audit
• within
• business
• group
• controlling
• mechanisms