Internal Control - Theoretical and Organizational Perspectives in Business Group

Attila Szora Tamaè˜, Alexandra Delia Bugnariu2, Alin Irimia and Ion Cozma
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Attila Szora Tamaè˜: University “December 1, 1918†Alba Iulia,
Alexandra Delia Bugnariu2: University “December 1, 1918†Alba Iulia
Alin Irimia: University “December 1, 1918†Alba Iulia,
Ion Cozma: University “December 1, 1918†Alba Iulia

Finante - provocarile viitorului (Finance - Challenges of the Future), 2022, vol. 1, issue 24, 114-122

Abstract: Based on a logical idea, doing business means taking risks. Risks can be understood as any influencing factor which prevent the company from reaching its objectives. In general, risks can be addressed in three different ways: avoid, insure and reduce risks. Internal controls represent the third option and the focus is on reducing risks by reducing the probability of occurrence. Through internal control, the company’s management appraise the progress in reaching the objectives, ascertains the deviations,analyzes the determining causes and led the necessary corrective measures.

Keywords: Internal control; management; internal control system; risk; bibliometric analysis (search for similar items in EconPapers)
JEL-codes: D81 G30 M40 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2022:i:24:p:114-122

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