The Impact and Results of the Internal Audit Activity Exercised in the Public Sector in Romania

What should we do to get favorable and measurable result of the public internal audit activity? An overall evaluation of the internal audit activity exercised in recent years in the public sector in Romania in order to identify the reasons for malfunctioning and finding possible solutions that lead to more efficient internal audit activity. Regarding this, the research disseminates information obtained from public internal audit reports; it examines audit risk, organizational framework, attributes of the audited entity and highlights the interaction of these factors that influence differently the effectiveness of internal audit. Following a thorough search, we can say that the impact of internal audit in the public sector is strongly influenced by the quality of internal audit mission and also by early and accurate identification of the risks while organizational framework and audit attributes have not a severe impact on audit efficiency.