THE INFLUENCE OF INTERNAL CONTROL AND RISK MANAGEMENT SYSTEMS ON INFORMATION TRANSPARENCY AND BUSINESS SUSTAINABILITY

Abstract

Corporate governance continues to be an issue of great interest to both researchers and practitioners, as a result of the ongoing challenges to which companies have to answer for. The economic context and the current pandemic, but also the need for development bring new requirements to governance, imposing a rethinking of the strategy, as well as of the business processes. An internal audit function that has been allocated the appropriate resources can provide such assurance and consultancy. The motivation that determined the authors to approach this internal audit function was the topicality and importance given to the internal audit in the current period. Because of the analysis, it appears that, although a number of changes have been made to the internal audit function essential pylon in corporate governance recently, the role and importance of this function within the entities will change as a result of the digitalization of the profession.