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The Risk And Fraud Factors In The Contemporary Financial Banking System

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  • Georgiana SUSMANSCHI

Abstract

Economy implies a uniform system of human activities, including finance and credit, so it cannot be treated alongside the economic and financial aspects, but in their systemic unity, as a whole, representing the vital and permanent domain of society, economic activity being directly or indirectly involved in satisfying the needs of society and representing the general foundation in the lives of all people. Modern market economy, including finance, is a mixed system, which combines economic freedom with government intervention. Particular attention must be paid to corporate governance, a very broad concept that includes a strong and effective oversight of how something is designed, managed, controlled or managed in order to protect the components of such areas, organizations or institutions. In practice, implementing and developing the concept particularly influenced the nature and evolution of internal audit. Lately, internal audit has evolved very much because the concept of governance, which has influenced and empowered in greater management assessment and risk management. The audit will inevitably be put under public

Suggested Citation

  • Georgiana SUSMANSCHI, 2012. "The Risk And Fraud Factors In The Contemporary Financial Banking System," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 7(2(20)/ Su), pages 189-193.
  • Handle: RePEc:ush:jaessh:v:7:y:2012:i:2(20)_summer2012:p:189
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    File URL: http://www.jaes.reprograph.ro/articles/Summer2012/articles/SusmanskiG.pdf
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    References listed on IDEAS

    as
    1. Ionel BOSTAN & Veronica GROSU, 2010. "The Role of Internal Audit in Optimization of Corporate Governance at the Groups of Companies," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 2(2(543)), pages 89-110, February.
    2. Hrabrin Bachev, 2009. "Mechanisms Of Governance Of Sustainble Development," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(2(8)_ Sum).
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    internal audit; corporate governance; economic crisis; risk management;

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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