Internal auditing as an important step towards organizational resilience

Abstract

In the context of the current environment, organizations are faced with a multitude of risks that hinder the achievement of their objectives and negatively impact the value created. In this context, value is only created when companies adopt an effective governance system that promotes the achievement of their objectives while ensuring resilience. However, in order for it to play its role as a lever for value creation, corporate governance requires mechanisms such as internal audit. Thus, this body is considered a major player for organizations, providing assurance on the degree of risk control as well as an independent assessment of internal control systems. In this context, the objective of this study is to analyze the relationship between internal audit and its contribution to value creation and resilience for entities. Based on an analysis of the literature review on the subject, we can estimate that internal audit is considered an important lever in the value creation process for each organization and a significant instrument that strengthens resilience. Through its characteristics and expertise, it is able to protect the company and its stakeholders while reinforcing the value created.

Keywords: Internal Audit, Resilience, Value Creation

Classification JEL: G3, M4

Paper type: Theoretical Research