A Predictive Approach of the Information Gathered within the Internal Audit Engagement in Public Sector Entities

Author:Professor Aurelia ŞTEFĂNESCU, Ph. D., Professor Eugeniu ŢURLEA, Ph. D., Bogdan Gabriel VASILCIUC, Ph. D. Student

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Keywords:internal audit, public sector entity, forecast, risk, reports regarding the areas/activities

Abstract:
The current economic environment, characterized by the ascending trend of public resources with impact on the organizational structures and implicitly on the performance of entities and quality of offered services, requires a new approach of internal audit engagements in the public sector. \r\nThis fundamental research shapes a predictive approach on the information collected in internal audit engagements at public sector level in Romania. \r\nThe research is substantiated by a synthesis of the ideas published by the national and international accounting regulators, accounting professional bodies, and works proposed for debates on this topic. \r\nThe present paper explains the concept of internal audit at national and international level, analyzes the internal audit role in public sector entities and puts forward the drawn-up of a database for the management of the information gathered within audit engagements and its further usage by internal audit and management, irrespective of the typology of the public sector entities. \r\n

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