ASPECTS REGARDING THE IMPLEMENTATION OF INTERNAL CONTROL IN MINING COMPANIES
Internal control is broadly defined as a process, affected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives. Internal control means different things to different people. This causes confusion amon...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2014-10-01
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| Series: | Annals of the University of Petrosani: Economics |
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| Online Access: | http://www.upet.ro/annals/economics/pdf/2014/part1/Ravas_B.pdf |
| _version_ | 1818527995096203264 |
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| author | BOGDAN RĂVAŞ |
| author_facet | BOGDAN RĂVAŞ |
| author_sort | BOGDAN RĂVAŞ |
| collection | DOAJ |
| description | Internal control is broadly defined as a process, affected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives. Internal control means different things to different people. This causes confusion among businesspeople, legislators, regulators and others. Because internal control serves many important purposes, there are increasing calls for better internal control systems and report cards on them. Internal control is looked upon more and more as a solution to a variety of potential problems. Proper risk management and internal control could help mining companies understand the risks they are exposed to, put controls in place to counter threats, and effectively pursue their objectives. They are therefore an important aspect of a mining exploitation’s governance, management, and operations as is shown next. |
| first_indexed | 2024-12-11T06:43:48Z |
| format | Article |
| id | doaj.art-daab074aff294b4e994b38375d44ca44 |
| institution | Directory Open Access Journal |
| issn | 1582-5949 2247-8620 |
| language | English |
| last_indexed | 2024-12-11T06:43:48Z |
| publishDate | 2014-10-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj.art-daab074aff294b4e994b38375d44ca442022-12-22T01:17:09ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202014-10-01XIV1305316ASPECTS REGARDING THE IMPLEMENTATION OF INTERNAL CONTROL IN MINING COMPANIESBOGDAN RĂVAŞ0University of Petrosani, RomaniaInternal control is broadly defined as a process, affected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives. Internal control means different things to different people. This causes confusion among businesspeople, legislators, regulators and others. Because internal control serves many important purposes, there are increasing calls for better internal control systems and report cards on them. Internal control is looked upon more and more as a solution to a variety of potential problems. Proper risk management and internal control could help mining companies understand the risks they are exposed to, put controls in place to counter threats, and effectively pursue their objectives. They are therefore an important aspect of a mining exploitation’s governance, management, and operations as is shown next.http://www.upet.ro/annals/economics/pdf/2014/part1/Ravas_B.pdf: internal controlminingperformanceobjectivesimplementation |
| spellingShingle | BOGDAN RĂVAŞ ASPECTS REGARDING THE IMPLEMENTATION OF INTERNAL CONTROL IN MINING COMPANIES Annals of the University of Petrosani: Economics : internal control mining performance objectives implementation |
| title | ASPECTS REGARDING THE IMPLEMENTATION OF INTERNAL CONTROL IN MINING COMPANIES |
| title_full | ASPECTS REGARDING THE IMPLEMENTATION OF INTERNAL CONTROL IN MINING COMPANIES |
| title_fullStr | ASPECTS REGARDING THE IMPLEMENTATION OF INTERNAL CONTROL IN MINING COMPANIES |
| title_full_unstemmed | ASPECTS REGARDING THE IMPLEMENTATION OF INTERNAL CONTROL IN MINING COMPANIES |
| title_short | ASPECTS REGARDING THE IMPLEMENTATION OF INTERNAL CONTROL IN MINING COMPANIES |
| title_sort | aspects regarding the implementation of internal control in mining companies |
| topic | : internal control mining performance objectives implementation |
| url | http://www.upet.ro/annals/economics/pdf/2014/part1/Ravas_B.pdf |
| work_keys_str_mv | AT bogdanravas aspectsregardingtheimplementationofinternalcontrolinminingcompanies |