INTERNAL AUDIT FOR FINANCIAL INVESTMENT
 COMPANIES – ASSURANCE FOR ADEQUATE SUPERVISING
      OF CORPORATE GOVERNENCE PRINCIPLES

                          Tatiana Dănescu, Professor PhD
                      „Petru Maior” University of Târgu Mureş,
                            tatiana_danescu@yahoo.com

                       Ovidiu Spătăcean, Lecturer PhD Student
                      „Petru Maior” University of Târgu Mureş
                        spatacean_ioanovidiu@yahoo.com


ABSTRACT: In the risk assessment process, financial auditors often rely on internal
auditors when establishing the control risk level. Therefore, adequate internal audit
function, as part of a solid corporate governance is a factor of lowering control risk,
when assessing audit risks for Financial Investment Companies. The paper intends to
approach issues related to internal audit as a relevant source of added value for listed
companies and the main objectives related to internal audit engagements for
Financial Investment Companies. The authors are trying to answer how internal audit
contributes in an effective manner in the process of supervising corporate governance
principles that Financial Investment Companies as listed companies, must comply
with.

Keywords: investment companies, corporate governance structures, internal control,
management policies, tests and procedures

JEL Codes: M42