THE IMPORTANCE OF THE IMPLEMENTATION OF IT AUDITS IN AGRICULTURAL ENTERPRISES OF THE REPUBLIC OF SERBIA IN ORDER TO INCREASE SAFETY MANAGEMENT AND RISK DETERMINATION INTERVAL

Vuta Mihai
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Vuta Mihai: HYPERION UNIVERSITY, BUCHAREST

Annals - Economy Series, 2017, vol. 2, 98-103

Abstract: The development of international financial markets, financial scandals in 2000 and the crisis in 2007 showed the need for the existence of clear simple, concise rules regarding the drafting and presentation of financial and accounting information of the companies, especially transnational ones. Amid the fact that the 2000s were shaken by issues such as accounting frauds, the question of transmitting information in the most correct, real and representative way emerged. The more the information is accurate, without being embellished in accounting terms, the more users are better informed and can make decisions knowledgeably. Also in the paper, a correlation is made between performance and information contained in financial reports, each user being interested in certain performance indicators.

Keywords: information user; performance; International Financial Reporting Standards; accounting information dissemination (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2017:v:2:p:98-103

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