DECISION OF THE TOP MANAGEMENT AFTER THE DECISION TO ESTABLISH AN INTERNAL AUDIT IN A COMPANY OPERATING BASICALLY IN THE FIELD OF AGRICULTURAL ACTIVITY ON THE EXAMPLE OF THE REPUBLIC OF SERBIA

Maja Jokic, Bogdan Laban, Ivan Arnautovic, Ranko Mijic and Dalibor Doncic
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Maja Jokic: MASTER OF INDUSTRIAL ENGINEERING AND MANAGEMENT, FACULTY OF TECHNICAL SCIENCES, UNIVERSITY OF NOVI SAD, TRG DOSITEJA OBRADOVICA 6, 21000 NOVI SAD, SERBIA
Bogdan Laban: CITY ADMINISTRATION OF THE CITY SUBOTICA, TRG SLOBODE 1, 24000 SUBOTICA, SERBIA
Ivan Arnautovic: HIGH SCHOOL OF ENTREPRENEURSHIP, 11000 BELGRADE, SERBIA
Ranko Mijic: COLLEGE OF ECONOMICS AND INFORMATICS PRIJEDOR,79000 PRIJEDOR, BOSNIA AND HERCEGOVINA
Dalibor Doncic: INDEPENDENT UNIVERSITY OF BANJA LUKA, FACULTY OF ECONOMY, BANJA LUKA, VELJKA MLADENOVICA 12E, 78000 BANJA LUKABOSNIA AND HERZEGOVINA

Annals - Economy Series, 2020, vol. 2, 18-24

Abstract: The decision made by top management to form an internal audit should be aimed at improving the security of the entire company. This ensures the safety of top management in all enterprises, especially in agricultural enterprises that rely on primary agriculture and processing of agricultural products with the aim of producing production that is more valuable than primary agricultural products. Internal audit should be introduced in the regular course of business of the enterprise with the aim of improving the overall security of the business of the enterprise. One form of implementation is to improve internal controls already in place by giving internal management advice and advice to top management on how to improve the controls already in place. The contribution of the authors who made this study is to emphasize and emphasize the importance of implementing internal audit, which, after the decision of top management to introduce internal audit in the processes of business operations of the company. The aim of such a decision is to increase the security of the business of the enterprise and, together with the existing internal control, to build a more secure business system in order to contribute to the improvement of the performance of the agricultural enterprise. The process was emphasized by the authors as being continuous and not carried out in the short term because the postulates of setting up and setting up a business are presumably permanent and long-term.

Keywords: audit; business; decision; enterprise; management. (search for similar items in EconPapers)
Date: 2020
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