Influenta auditului intern asupra eficacitatii managementului riscurilor in sectorul public

Abstract

This article delves into the critical role of internal audit in enhancing the effectiveness of risk management within the public sector. With a strong focus on the public entities of the Republic of Moldova, the study investigates how structured internal auditing practices contribute to a robust governance framework, especially in the face of contemporary economic and geopolitical challenges. Drawing on a comprehensive analysis of internal audit reports, governmental regulations, and risk management frameworks, the research employs methodologies such as correlation analysis to uncover the dynamic interplay between the competencies of internal auditors, their independence and objectivity, and the organizational capabilities of audit divisions. Findings from the study illuminate a spectrum of correlations that underline the significance of effective leadership in internal audit functions, the imperative of ongoing professional development, and the necessity for properly sizing audit teams to optimize risk management outcomes. The research proposes a set of recommendations aimed at strengthening internal audit functions and risk management processes, highlighting the need for enhanced communication, the adoption of advanced technologies, and regular effectiveness evaluations of audit practices. Through this exploration, the article contributes to the body of knowledge on public sector governance and presents practical insights for enhancing the resilience and efficiency of public entities in managing risks, thereby supporting informed policy making and strategic planning in public administration. CZU: 657.6:[005.334:351.82]; JEL: M41, M42, M48; DOI: https://doi.org/10.53486/isca2024.33