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Internal Control - Theoretical and Organizational Perspectives in Business Group

Author

Listed:
  • Attila Szora TAMAȘ

    (University “December 1, 1918†Alba Iulia,)

  • Alexandra Delia BUGNARIU2

    (University “December 1, 1918†Alba Iulia)

  • Alin IRIMIA

    (University “December 1, 1918†Alba Iulia,)

  • Ion COZMA

    (University “December 1, 1918†Alba Iulia)

Abstract

Based on a logical idea, doing business means taking risks. Risks can be understood as any influencing factor which prevent the company from reaching its objectives. In general, risks can be addressed in three different ways: avoid, insure and reduce risks. Internal controls represent the third option and the focus is on reducing risks by reducing the probability of occurrence. Through internal control, the company’s management appraise the progress in reaching the objectives, ascertains the deviations,analyzes the determining causes and led the necessary corrective measures.

Suggested Citation

  • Attila Szora TAMAȘ & Alexandra Delia BUGNARIU2 & Alin IRIMIA & Ion COZMA, 2022. "Internal Control - Theoretical and Organizational Perspectives in Business Group," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(24), pages 114-122, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2022:i:24:p:114-122
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    File URL: https://feaa.ucv.ro/finance/fisiere/revista/48094064611_Tamas_Bugnariu_Irimia_Cozma_en.pdf
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    More about this item

    Keywords

    Internal control; management; internal control system; risk; bibliometric analysis;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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