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Ekonomika preduzeća
2018, vol. 66, iss. 5-6, pp. 309-319
article language: English
document type: Original Scientific Paper
published on: 29/11/2018
doi: 10.5937/EKOPRE1806309D
Positioning internal audit in the corporate governance system: Case of the Republic of Serbia
Univeristy of Niš, Faculty of Economy, Department for Accounting, Mathematics and Informatics


The aim of this paper is to determine the position of internal audit in the corporate governance system in the Republic of Serbia. In this regard, it analyzes the achieved level of internal audit establishment in companies, with special focus on different factors affecting it, to provide a clearer view of the current situation. Given the fact that the internal audit position is determined by the scope and role of this function, the study also covers these issues. Empirical research focuses on a sample of 113 companies from the private sector. Research results indicate that the establishment of internal audit in companies in the Republic of Serbia is at a satisfactory level, as it is significantly influenced by regulatory obligations, origin of capital, and number of employees. Also, research reveals that internal audit has exceeded its traditional assurance role, and that, by auditing all the processes and activities in a company, it provides advisory services to managers.


establishment of internal audit; role and activities of internal auditors; creating added value; Republic of Serbia


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