The Role of Internal Audit in the Corporate Governance Process

The recent years brought a recognition on the importance of corporate governance in ensuring a quality of the financial statements and detecting fraud. The internal audit is a monitoring tool for the management thus is an important piece of the corporate governance mechanism. The objective of this paper is to examine on how the internal audit function can ensure a good corporate governance. Detailing we try to establish to what extent the internal audit serve as resource for the three parties involved in the corporate governance process.