CONSEQUENCES OF INTERNAL CONTROL AND COSO FOR AUDITING AND CORPORATE GOVERNANCE - AN EXPLORATORY RESEARCH

This study has demonstrated that the Committee of Sponsoring Organizations of the Treadway Commission (COSO), internal control, internal auditing and corporate governance are efficient means of ensuring the continuity of the organization. Reaffirming that the developed process can provide security and reliability to enterprise managers. It has realized the importance of internal control and its consequences for organizations, making use of internal auditing techniques, which gives information for better controlling, increasing the value of the organization and the interests of investors or shareholders. This way they are able to know how finances, equity and the ability to honor commitments are. Moreover, the use of internal control and the principles of governance make better practices for management and control.