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The communication of accounting information and risk establishment in the economy

Author

Listed:
  • Lucica Sintea

Abstract

The accounting informațion is a valuable good that we must treat with particular attention. It’s necessary to keep in mind the old say “Better safe than sorry†. By establishing the policies for information security and the procedures to be followed within the financial-accounting department, we will eliminate a part of the possible future events, caused by negligence or information diversion, due to a person, human or physical error. Doing a more efficient control of the data and accounting documents contributes to a transparent and correct information to all the users, in order to minimize the risks they take

Suggested Citation

  • Lucica Sintea, 2015. "The communication of accounting information and risk establishment in the economy," Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), Institute for World Economy, Romanian Academy, vol. 1.
    • Handle: RePEc:iem:imptrs:v:1:y:2015:id:2822000009325039
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    More about this item

    Keywords

    accounting information; organization; accounting policies; control; error detection;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A30 - General Economics and Teaching - - Multisubject Collective Works - - - General

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