IMPLEMENTATION OF INTERNAL CONTROL SYSTEMS NECESSITY TO REDUCE THE RISK OF DENATURATION IN AUDIT

Florin Boghean () and Ioana Diana Chihai ()
Additional contact information
Florin Boghean: “Ştefan cel Mare†University of Suceava, Romania
Ioana Diana Chihai: “Ştefan cel Mare†University of Suceava, Romania

The USV Annals of Economics and Public Administration, 2021, vol. 21, issue 1(33), 130-136

Abstract: Internal control is the process designed, implemented, and maintained by those charged with governance, management, and other personnel to provide reasonable assurance as to the achievement of an entity's objectives regarding the credibility of financial reporting, the efficiency and effectiveness of operations, and compliance with laws and regulations. The applicable regulations to identify and evaluate the risks of significant distortion by understanding the entity and its environment. In this research, we will highlight the elements of a risk-based internal control system that will bring benefits to an entity: efficiency and effectiveness of operations, the credibility of financial reporting, compliance with applicable legislation and regulations.

Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.annals.seap.usv.ro/index.php/annals/article/view/1309/1058 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:21:y:2021:i:1(33):p:130-136

Access Statistics for this article

The USV Annals of Economics and Public Administration is currently edited by Editura Universitatii Stefan cel Mare din Suceava

More articles in The USV Annals of Economics and Public Administration from Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by Liviu Scutariu ().