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External Audit and Relation between Internal Auditors, Supervisory Body and External Auditors of the Banking Sector in the Republic of Macedonia

12 Pages Posted: 10 Jun 2012  

Dushko Josheski

University Goce Delcev

Blagica Jovanova

University Goce Delcev

Date Written: June 9, 2012

Abstract

There are different types of audit, such as financial audit, regulatory audit, operational audit of performances, audit of information systems, environmental audit and others. But basically, we distinguish two types of audit which will be the main focus of attention in this work. External audit, an Internal audit. In most countries, the external auditor from the public sector reports to parliament and, where relevant, the private sector auditor reports to government (e.g. ministry of finance) and/or the public sector external auditor (the supreme audit institution). An efficient system of internal audit is an invaluable source of information for the management of the bank, its supervisors and the quality of the internal control system in that organization.

Keywords: internal audit, external audit, supervision, central bank external audit function

JEL Classification: M49, E58

Suggested Citation

Josheski, Dushko and Jovanova, Blagica, External Audit and Relation between Internal Auditors, Supervisory Body and External Auditors of the Banking Sector in the Republic of Macedonia (June 9, 2012). Available at SSRN: https://ssrn.com/abstract=2080498 or http://dx.doi.org/10.2139/ssrn.2080498

Dushko Josheski

University Goce Delcev ( email )

Stip
Macedonia
+389 32 550 000 (Phone)
+389 32 390 700 (Fax)

HOME PAGE: http://www.ugd.edu.mk/

Blagica Jovanova (Contact Author)

University Goce Delcev ( email )

PO box 201
Stip, 2000
Macedonia

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