Internal auditing analysis within the focused of corporate ri̇sk management and a study on universities in the Aegeon region

The reason we encounter the concept of risk more in our daily lives is that we have more opportunities day by day in the world and accordingly it includes more threat risks. The preference of utilizing an opportunity necessitates considering the relevant risks as well. Because of the worldwide liberalization, hardening, commerce, deregulation and competition structure affect the developments and changings in public and private sectors, uncertainities and risks increase a lot. Therefore success of corporations depends on the conditions of identifying risks, risk aversion, reduction and management. Information reliability problems of the corporations operating worldwide in recent years led into looking for new approaches to increase the effectiveness of internal auditing. Corporations have started to adopt sense of corporate risk management by leaning towards high risk areas as well as internal auditing. Corporate risk management based internal auditing is a stable continuous process that is applied in corporations for identifying and evaluating the opportunuties and threats of risks by focusing on corporations' risks and risk management. The first part of the study includes the conceptual framework of risk, risk management, corporate risk management and internal auditing. The second part dwells on the corporate risk management process and it's components. In the third part, the stages of planing, conducting and reporting the activities of corporate risk management based internal auditing is explained by incorporating the two process considering the fact that corporate risk management and internal auditing might work together. The last part of the study involves the questionnaire conducted on internal auditors who work in the universities' internal auditing departments in Aegeon Region and evaluation of it's results. The results indicate that internal auditors provide consultancy and assurance services to corporations during the risk management process. Key words: Risk, Corporate Risk Management, Internal Auditing, Risk Based Internal Auditing.