IMPLEMENTATION OF INTERNAL CONTROL SYSTEMS NECESSITY TO REDUCE THE RISK OF DENATURATION IN AUDIT
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 effectiv...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Editura Univeristatii "Stefan cel Mare" din Suceava
2021-06-01
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| Series: | USV Annals of Economics and Public Administration |
| Subjects: | |
| Online Access: | http://annals.feaa.usv.ro/index.php/annals/article/view/1309/1058 |
| _version_ | 1798029191889813504 |
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| author | Florin BOGHEAN Ioana Diana CHIHAI |
| author_facet | Florin BOGHEAN Ioana Diana CHIHAI |
| author_sort | Florin BOGHEAN |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-11T19:21:15Z |
| format | Article |
| id | doaj.art-b97104fad9014bce9ded3f674b68de55 |
| institution | Directory Open Access Journal |
| issn | 2285-3332 2344-3847 |
| language | English |
| last_indexed | 2024-04-11T19:21:15Z |
| publishDate | 2021-06-01 |
| publisher | Editura Univeristatii "Stefan cel Mare" din Suceava |
| record_format | Article |
| series | USV Annals of Economics and Public Administration |
| spelling | doaj.art-b97104fad9014bce9ded3f674b68de552022-12-22T04:07:18ZengEditura Univeristatii "Stefan cel Mare" din SuceavaUSV Annals of Economics and Public Administration2285-33322344-38472021-06-012133130136IMPLEMENTATION OF INTERNAL CONTROL SYSTEMS NECESSITY TO REDUCE THE RISK OF DENATURATION IN AUDITFlorin BOGHEAN0Ioana Diana CHIHAI1"Ștefan cel Mare" University of Suceava, Romania"Ștefan cel Mare" University of Suceava, RomaniaInternal 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.http://annals.feaa.usv.ro/index.php/annals/article/view/1309/1058internal controlauditrisk managementcorporate governance. |
| spellingShingle | Florin BOGHEAN Ioana Diana CHIHAI IMPLEMENTATION OF INTERNAL CONTROL SYSTEMS NECESSITY TO REDUCE THE RISK OF DENATURATION IN AUDIT USV Annals of Economics and Public Administration internal control audit risk management corporate governance. |
| title | IMPLEMENTATION OF INTERNAL CONTROL SYSTEMS NECESSITY TO REDUCE THE RISK OF DENATURATION IN AUDIT |
| title_full | IMPLEMENTATION OF INTERNAL CONTROL SYSTEMS NECESSITY TO REDUCE THE RISK OF DENATURATION IN AUDIT |
| title_fullStr | IMPLEMENTATION OF INTERNAL CONTROL SYSTEMS NECESSITY TO REDUCE THE RISK OF DENATURATION IN AUDIT |
| title_full_unstemmed | IMPLEMENTATION OF INTERNAL CONTROL SYSTEMS NECESSITY TO REDUCE THE RISK OF DENATURATION IN AUDIT |
| title_short | IMPLEMENTATION OF INTERNAL CONTROL SYSTEMS NECESSITY TO REDUCE THE RISK OF DENATURATION IN AUDIT |
| title_sort | implementation of internal control systems necessity to reduce the risk of denaturation in audit |
| topic | internal control audit risk management corporate governance. |
| url | http://annals.feaa.usv.ro/index.php/annals/article/view/1309/1058 |
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