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Regulatory compliance of financial control systems and its implications for accountants. Some evidence from Italian experience

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  • katia Corsi
  • Daniela Mancini

Abstract

The research examines the compliance of firms with laws and rules concerning accounting information and financial control systems. In particular it investigates the role of accountants and the skills they employ during the adoption of laws and regulations (regulatory compliance). In the preliminary step, the research suggests a reviewed concept of regulatory compliance: it is based on the idea that firms must consider compliance as a strategic opportunity, able to activate key changes in accounting procedures, information tools, organizational roles, control mechanisms. In the following step the research examines how the revised vision of regulatory compliance affects accounting positions, accountants? role and their skills. Using data collected on a sample of Italian accountants, an empirical research provides some evidences on key skills and competencies requested for an effective regulatory compliance.

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  • katia Corsi & Daniela Mancini, 2015. "Regulatory compliance of financial control systems and its implications for accountants. Some evidence from Italian experience," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2015(3), pages 65-91.
    • Handle: RePEc:fan:macoma:v:html10.3280/maco2015-003005
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    Cited by:

    1. Daniela Mancini, 2016. "Accounting Information Systems in an Open Society. Emerging Trends and Issues," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2016(1), pages 5-16.

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