THE CONCEPT AND THE APPEARANCE OF INTERNAL AUDIT COMMITTEES
The Audit Committee is a concept of Corporate Governance, whose main concerns are focused on organizing and ensuring the proper functioning of internal control, internal audit and its relationship with external audit. Audit committees have emerged from the need to send recommendations to the general management or board, in order to understand them and provide needed assistance for their implementation. For these reasons, the boards of directors thoroughly oversee the qualifications of committee members, their autonomy towards managers, the information they receive from auditors and what they report.
I , as main author, declare and undersign, that the paper is an original and common work of me and all subsequent authors. The paper as a whole or part of it has not been published or submitted to other Journal. The right to publish the accepted paper is transferred to and owned by “Annals of Constanta Maritime University” Journal.