Internal Control in Corporate Governance
Regarding corporate governance internal control is seen as a process at the disposal of management, it is a dynamic process that constantly adapts its devices and techniques to changes in the culture of the organization, adapted to the competence of managers; the goal of internal control is to confi...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2020-01-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2021/03/Section%204/5.pdf |
| _version_ | 1818916202355884032 |
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| author | Adrian-Cosmin Caraiman |
| author_facet | Adrian-Cosmin Caraiman |
| author_sort | Adrian-Cosmin Caraiman |
| collection | DOAJ |
| description | Regarding corporate governance internal control is seen as a process at the disposal of management, it is a dynamic process that constantly adapts its devices and techniques to changes in the culture of the organization, adapted to the competence of managers; the goal of internal control is to confirm management expectations by using specific processes, techniques and devices.
Managers see technology, data and analytics as a transformative force in business. Therefore, many organizations implement business intelligence and analytical technologies to support reporting and decision-making as well as management control activities, given that, traditionally, management accounting is the main support for decision-making and control in a organization.
The management accounting responsibility is to evolve from simply reporting the aggregate historical value to also including the measurement of organizational performance and providing management with the information necessary for decision-making.
Under the present work I will look at the conceptual framework on internal control in corporate governance. |
| first_indexed | 2024-12-20T00:14:25Z |
| format | Article |
| id | doaj.art-4e64be9b08e74b51b534e68322f2dd9b |
| institution | Directory Open Access Journal |
| issn | 2393-3127 2393-3127 |
| language | English |
| last_indexed | 2024-12-20T00:14:25Z |
| publishDate | 2020-01-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-4e64be9b08e74b51b534e68322f2dd9b2022-12-21T20:00:25ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272393-31272020-01-01XX2606611Internal Control in Corporate GovernanceAdrian-Cosmin Caraiman0West University of TimisoaraRegarding corporate governance internal control is seen as a process at the disposal of management, it is a dynamic process that constantly adapts its devices and techniques to changes in the culture of the organization, adapted to the competence of managers; the goal of internal control is to confirm management expectations by using specific processes, techniques and devices. Managers see technology, data and analytics as a transformative force in business. Therefore, many organizations implement business intelligence and analytical technologies to support reporting and decision-making as well as management control activities, given that, traditionally, management accounting is the main support for decision-making and control in a organization. The management accounting responsibility is to evolve from simply reporting the aggregate historical value to also including the measurement of organizational performance and providing management with the information necessary for decision-making. Under the present work I will look at the conceptual framework on internal control in corporate governance.https://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2021/03/Section%204/5.pdfcorporate governanceinternal controlinternal auditauditorsorganization |
| spellingShingle | Adrian-Cosmin Caraiman Internal Control in Corporate Governance Ovidius University Annals: Economic Sciences Series corporate governance internal control internal audit auditors organization |
| title | Internal Control in Corporate Governance |
| title_full | Internal Control in Corporate Governance |
| title_fullStr | Internal Control in Corporate Governance |
| title_full_unstemmed | Internal Control in Corporate Governance |
| title_short | Internal Control in Corporate Governance |
| title_sort | internal control in corporate governance |
| topic | corporate governance internal control internal audit auditors organization |
| url | https://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2021/03/Section%204/5.pdf |
| work_keys_str_mv | AT adriancosmincaraiman internalcontrolincorporategovernance |