INTERNAL BANKING CONTROL AND AUDIT: A COMPARATIVE
     APPROACH IN THE ROMANIAN BANKING SECTOR

                Adela Socol, “1 Decembrie 1918” University of Alba Iulia

ABSTRACT: The purpose of this paper is to realize a comparative analysis of the
internal banking control and internal audit, based on the Romanian banking system case.
We identify the main differences and similarities between internal control and internal
audit at the level of Romanian banks. Using national regulatory framework and active
banks’ from Romanian behavior, we find evidence of the risk-based audit approach and
the solid interdependence between the banking internal control and banking internal
audit.

Key words: Internal Banking Control Policy, Internal Banking Audit Statute, Typology and role
of Internal Banking Audit

JEL codes: M42, G21, G28