INTERNAL AUDIT AND ITS ROLE IN IMPROVING CORPORATE
                  GOVERNANCE SYSTEMS


            Neculai Tabără, “Alexandru Ioan Cuza” University, Iaşi, Romania
           Mihaela Ungureanu, “Alexandru Ioan Cuza” University, Iaşi, Romania

ABSTRACT: The corporate governance implies a cycle that extends from the steering and
monitoring role of the board, to the administrative and operational executives and the role of
internal and external auditors certification. These roles come from three different levels of
governance. Efficiency level can impact another, but also governance throughout the
organization. In this sense, the system includes all activities, from monitoring, operation and
control to the processes and activities to meet the needs of different stakeholders.
Implementing a system of corporate governance involves the basic principles leading to
relations between different participants, to define responsibilities and ensure the correct
operation of the decision making process. A well-based information system is essential for
optimal functioning of organizations, but also for their future development.

Key words: corporate governance, internal audit, audit committee, corporate control

JEL codes: M14, M42, O16