EconPapers    
Economics at your fingertips  
 

THE RISK AND FRAUD FACTORS IN THE CONTEMPORARY FINANCIAL BANKING SYSTEM

Georgiana Susmanschi

Journal of Applied Economic Sciences, 2012, vol. 7, issue 2(20)/ Summer 2012, 189-193

Abstract: Economy implies a uniform system of human activities, including finance and credit, so it cannot be treated alongside the economic and financial aspects, but in their systemic unity, as a whole, representing the vital and permanent domain of society, economic activity being directly or indirectly involved in satisfying the needs of society and representing the general foundation in the lives of all people. Modern market economy, including finance, is a mixed system, which combines economic freedom with government intervention. Particular attention must be paid to corporate governance, a very broad concept that includes a strong and effective oversight of how something is designed, managed, controlled or managed in order to protect the components of such areas, organizations or institutions. In practice, implementing and developing the concept particularly influenced the nature and evolution of internal audit. Lately, internal audit has evolved very much because the concept of governance, which has influenced and empowered in greater management assessment and risk management. The audit will inevitably be put under public

Keywords: internal audit; corporate governance; economic crisis; risk management (search for similar items in EconPapers)
JEL-codes: M14 M42 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.jaes.reprograph.ro/articles/Summer2012/articles/SusmanskiG.pdf (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:ush:jaessh:v:7:y:2012:i:2(20)_summer2012:p:189

Access Statistics for this article

Journal of Applied Economic Sciences is currently edited by Laura Stefanescu

More articles in Journal of Applied Economic Sciences from Spiru Haret University, Faculty of Financial Management and Accounting Craiova Contact information at EDIRC.
Series data maintained by Laura Stefanescu ().

 
Page updated 2017-09-29
Handle: RePEc:ush:jaessh:v:7:y:2012:i:2(20)_summer2012:p:189