The Role of Internal Audit in Controlling the Business Risk

The enterprise nowadays is confronted with a variety of internal and external pressures which can substantially affect the financial results, with consequences upon the profit for the invested capital and the additional capital investment necessary to extend and to continue the activity. The audit of the business risks involves several aspects regarding the strategy in business, the assets control, the financial capacity to absorb the risks. The business risks measurement and identification as well as the establishment of optimum solutions to prevent and to diminish the effects of their producing, make the audit become the indispensable instrument of a good economic and financial control for any enterprise. The paper presents the main business risks identified and estimated in an audit mission of the enterprise performance.