Efficiency of internal controls in financial managament: A review from the audit perspective
The effectiveness of internal controls in financial management is crucial for ensuring the integrity, accuracy, and legality of financial transactions and reports. From an audit perspective, the internal control system is analyzed to determine whether it is designed and operated in a manner that red...
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| Format: | Article |
| Language: | srp |
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University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia
2024-01-01
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| Series: | Ekonomija: teorija i praksa |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2024/2217-54582403109A.pdf |
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| _version_ | 1841554250384015360 |
|---|---|
| author | Anačkov Darko |
| author_facet | Anačkov Darko |
| author_sort | Anačkov Darko |
| collection | DOAJ |
| description | The effectiveness of internal controls in financial management is crucial for ensuring the integrity, accuracy, and legality of financial transactions and reports. From an audit perspective, the internal control system is analyzed to determine whether it is designed and operated in a manner that reduces risk and helps achieve business objectives. The development of auditing and internal control has evolved through numerous historical and economic changes, emphasizing the fundamental goal of establishing clear financial oversight. Consequently, this study explores the managerial impacts facilitated by internal control, focusing on the intrinsic role of audit as a component of financial oversight. |
| format | Article |
| id | doaj-art-500180c211934f538b748a9ca1e7016a |
| institution | Kabale University |
| issn | 2217-5458 2620-0228 |
| language | srp |
| publishDate | 2024-01-01 |
| publisher | University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia |
| record_format | Article |
| series | Ekonomija: teorija i praksa |
| spelling | doaj-art-500180c211934f538b748a9ca1e7016a2025-01-08T15:21:20ZsrpUniversity Business Academy - Faculty of Economics and Engineering Management, Novi Sad, SerbiaEkonomija: teorija i praksa2217-54582620-02282024-01-0117310912710.5937/etp2403109A2217-54582403109AEfficiency of internal controls in financial managament: A review from the audit perspectiveAnačkov Darko0University of National and World Economy (UNWE) in Sofia, Sofia, Republic of BulgariaThe effectiveness of internal controls in financial management is crucial for ensuring the integrity, accuracy, and legality of financial transactions and reports. From an audit perspective, the internal control system is analyzed to determine whether it is designed and operated in a manner that reduces risk and helps achieve business objectives. The development of auditing and internal control has evolved through numerous historical and economic changes, emphasizing the fundamental goal of establishing clear financial oversight. Consequently, this study explores the managerial impacts facilitated by internal control, focusing on the intrinsic role of audit as a component of financial oversight.https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2024/2217-54582403109A.pdfinternal controlfinancial managementauditsupervisionrisk analysis |
| spellingShingle | Anačkov Darko Efficiency of internal controls in financial managament: A review from the audit perspective Ekonomija: teorija i praksa internal control financial management audit supervision risk analysis |
| title | Efficiency of internal controls in financial managament: A review from the audit perspective |
| title_full | Efficiency of internal controls in financial managament: A review from the audit perspective |
| title_fullStr | Efficiency of internal controls in financial managament: A review from the audit perspective |
| title_full_unstemmed | Efficiency of internal controls in financial managament: A review from the audit perspective |
| title_short | Efficiency of internal controls in financial managament: A review from the audit perspective |
| title_sort | efficiency of internal controls in financial managament a review from the audit perspective |
| topic | internal control financial management audit supervision risk analysis |
| url | https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2024/2217-54582403109A.pdf |
| work_keys_str_mv | AT anackovdarko efficiencyofinternalcontrolsinfinancialmanagamentareviewfromtheauditperspective |