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The Informational Risk - Operational Research Over The Net Accounting Result

Author

Listed:
  • Tatiana Danescu

    (‘Petru Maior‘ University Tirgu Mures Romania)

  • Mihaela Prozan

    (‘1Decembrie 1918‘ University Alba Iulia Romania)

  • Andreea Danescu

    (‘1Decembrie 1918‘ University Alba Iulia Romania)

  • Roxana Diana Prozan

    (‘1Decembrie 1918‘ University Alba Iulia Romania)

Abstract

There is the possibility that the information on which basis the informational risk hasbeen identified and evaluated, not to be correct and impicitly the financial statements not to be inconformity with the represented reality, affecting in this way the objective of the ‘trustworthyimage‘. On the other hand furnishing some distorted information represents exactly what is thecause of the materialization of the informational risk in the frame of the internal and externaldecision making processes of the information risk. In order to anticipate, evaluate and adequatelycontrol this risk, an important role could be held by the internal control in the entities that furnishinformation as well as in the entities that have the quality of users of it. In this frame, the carriedresearch has been focused on the analysis of the role and the importance that the internal controlcould have in the accomplishment of the targeted objectives by the financial statements and inconsequence to identify and adequate mechanism for diminishing the informational risk.

Suggested Citation

  • Tatiana Danescu & Mihaela Prozan & Andreea Danescu & Roxana Diana Prozan, 2013. "The Informational Risk - Operational Research Over The Net Accounting Result," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(15), pages 1-16.
  • Handle: RePEc:alu:journl:v:2:y:2013:i:15:p:16
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1520132/16.pdf
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    References listed on IDEAS

    as
    1. Feng, Mei & Li, Chan & McVay, Sarah, 2009. "Internal control and management guidance," Journal of Accounting and Economics, Elsevier, vol. 48(2-3), pages 190-209, December.
    2. Doyle, Jeffrey & Ge, Weili & McVay, Sarah, 2007. "Determinants of weaknesses in internal control over financial reporting," Journal of Accounting and Economics, Elsevier, vol. 44(1-2), pages 193-223, September.
    3. Tatiana Danescu & Mihaela Prozan & Andreea Cristina Danescu, 2012. "The Accounting Policies And Procedures - Delimitations And Interferences," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-5.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    informational risk; internal control; the utility of the information; financial statements; trustworthy image; net accounting result;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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