Research on the evolution of controlling tasks and their delimitation from audit tasks
The management decision process is becoming increasingly complex in the current stage, characterized by shorter product life cycles, increasingly higher variety of products and services, rapid changes in technology, low predictability of customer preferences and a larger number of markets and distri...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2014-12-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1042.pdf
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| Summary: | The management decision process is becoming increasingly complex in
the current stage, characterized by shorter product life cycles, increasingly higher
variety of products and services, rapid changes in technology, low predictability of
customer preferences and a larger number of markets and distribution channels.
The increasingly large-scale application of financial reporting based on the
International Financial Reporting Standards (IFRS) causes debates on the relation
between external accounting (financial accounting) and internal accounting
(management accounting, controlling, internal reporting). The purpose of this
article is to present the evolution of controlling tasks in a public or private entity
and to delimitate them from those of audit. The main structural differences between
controlling and audit as well as the advantages and disadvantages of integrating
internal and external accounting are hereby identified. |
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| ISSN: | 1841-8678 1844-0029 |