Internal Control - Crucial Factor in Ensuring the Quality of Financial Information

Cornel Ionescu () and Cicilia Ionescu ()
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Cicilia Ionescu: SpiruHaret University, Ion Ghica, no. 13, Bucharest, 030045, Romania, Tel: +40214551000, Fax: +40213143900

International Conference on Economic Sciences and Business Administration, 2015, vol. 2, issue 1, 163-171

Abstract: The trends of internationalization of the economies, of increased competition and of national and international competitiveness, bring Romanian companies in the need for credibility and transparency regarding their reporting. Inevitably , in this current context, rises the need for a management and control system in the service of a good governance, the development and implementation of accounting policies and procedures tailored to every company, the establishment of clear requirements for presenting the information in the accounting reports. Special importance is given to internal control and audit, as a preamble to the certification of annual accounts by independent auditors.

Keywords: internal control; accounting information; decision making; utility noncompliance; credibility; accounting principles. (search for similar items in EconPapers)
JEL-codes: M40 M42 (search for similar items in EconPapers)
Date: 2015
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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