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Risk Management In The Financial And Accounting Activity

Author

Listed:
  • Emilia VASILE

    (�Athenaeum� University of Bucharest)

  • Ion CROITORU

    (�Athenaeum� University of Bucharest)

  • Daniela MITRAN

    (�Athenaeum� University of Bucharest)

Abstract

The financial and accounting activity represents an important function of the organisation, through which measurement, evaluation, knowledge, management and control of assets, liabilities and equity can be performed, as well as the outcomes of the economic activity. Risk management process ensures that risk management is regularly monitored and that there are mechanisms that alert the management of the entity about arising risks or changes in already managed risks and that the appropriate control devices in order to minimize them are identified. The role of the internal audit is to conduct assessments on all components and financial and accounting activities or activities with financial implications and to track how public funds are used, namely if they are used efficiently and effectively and weather the financial information given to the management is appropriate and can contribute to achieving the planned results.

Suggested Citation

  • Emilia VASILE & Ion CROITORU & Daniela MITRAN, 2012. "Risk Management In The Financial And Accounting Activity," Internal Auditing & Risk Management, Athenaeum University of Bucharest, vol. 1(26), pages 13-24, March.
    • Handle: RePEc:ath:journl:tome:26:v:1:y:2012:i:26:p:13-24
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    Citations

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    Cited by:

    1. Mu’azu Saidu Badara, 2012. "The Relationship between Risk Management and Internal Audit Effectiveness at Local Government Level," Journal of Social and Development Sciences, AMH International, vol. 3(12), pages 389-396.
    2. Johnson Kolawole OLOWOOKERE & Bolarinwa R. FERUKE, 2021. "Value Relevance Of Risk Management Disclosure Among Listed Deposit Money Banks In Nigeria," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(4), pages 64-79, December.
    3. repec:ath:journl:tome:30:v:2:y:2013:i:30:p:244-251 is not listed on IDEAS
    4. Florin-Constantin, DIMA & Corina-Maria, DUCU, 2014. "Strategies Of Decreasing Accounting Risks," Management Strategies Journal, Constantin Brancoveanu University, vol. 26(4), pages 305-310.

    More about this item

    Keywords

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    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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