ENTERPRISE RISK MANAGEMENT BASED INTERNAL AUDITING AND TURKEY PRACTICE

The differentiating needs of companies have caused the focused issue to change in internal audition in time. In addition to controls, first, corporate governance and then risk management becomes the field of internal auditing. The possible roles of internal auditing unit in the process of risk management are the base of this study. This approach, which could be defined as Enterprise Risk Management (ERM) Based Internal Auditing has been designed in the study on the basis of ERM framework published by COSO. This approach makes it possible to transfer data from ERM process to auditing.