 Analysis of the recommended approach for risk assessment and management in the internal financial control in the public sector of BulgariaGalin Markov ()
Economics and computer science, 2020, issue 1, 79-91 Abstract: The purpose of the article is to analyse the application of the recommended approach for risk assessment and management in the internal financial control of public sector organizations in Bulgaria. The study is based on a questionnaire-based survey. 43 randomly selected organizations from the public sector of Bulgaria are surveyed in March 2018. The survey includes questions on a five-point Likert scale. One-dimensional distributions are used to summarize the data. The study found the one-sidedness and complexity of the risk assessment technique underlying the recommended approach, some shortcomings related to the application of the latter, and the need for training of internal auditors in the surveyed organizations. The survey is limited to public sector enterprises in Bulgaria. As a result of the study, it is recommended to expand the scope of preliminary control, the application of factual control, conducting training and introducing personal responsibility for adding data into risk registers. The results of the survey are useful for persons involved in the organization of internal financial control Date: 2020 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:kab:journl:y:2020:i:1:p:79-91 Access Statistics for this article More articles in Economics and computer science from Publishing house "Knowledge and business" Varna |
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