THE CONSULTANCY OR COUNSELING ASSURED BY INTERNAL AUDIT


  Professor PhD Marcel Ghita, marcel.ghita@mfinante.ro, Athenaeum University Bucharest
          PhD Student Sevastian Barbulescu, Babes-Bolyai University Cluj-Napoca
                 PhD Student Razvan Ghita, Valahia University Târgoviste


        Abstract: Internal audit activity has two components, respectively consultancy activity for
management and the assurance activity for the functionality of internal control system within the
entity.
        Taking into consideration the fact that the consultancy activity was not developed within the
normative framework that regulates internal audit, it was organized and regulated, subsequently,
by the Order of ministry of public finances no. 1.702/2006, for modifying and completing the Order
of ministry of public finances no. 946/2005.
        The article presents the concepts behind consultancy/counseling and assurance, the types of
consultancy and the consultancy missions' type. Also, in the material' second part there are being
presented the resemblances and the differences between the two activities and, also, their
complementary features in the internal auditor's practice.

       Key words: internal audit, consultancy, counseling.

       Jel codes: M42, M59.