Internal Control and the Impact on Corporate Governance, in Romanian Listed Companies

Dumitrascu Mihaela ； Savulescu Iulian

《Journal of Eastern Europe Research in Business》 2012卷 (2012/01) Pp. g1-10

https://doi.org/10.5171/2012.676810

並列摘要

In Europe and around the world, after the financial crisis, some measures have been taken in order to stabilize the financial system. Through present research we analyze the statements regarding the internal control in corporate governance, statements made by both external auditors and those responsible with the management of listed entities. These statements help the auditor in preparing the audit plan. Following this review, the auditor determines necessary staff and time needed for the audit. We analyzed effectiveness of internal control in companies listed on Bucharest Stock Exchange. An effective internal control leads to a fair presentation of the financial statements and thus increases stakeholders' confidence in the financial statements. Control risk is a risk that the auditor can't eliminate it, but may decrease it.

並列關鍵字

internal control ； corporate governance ； audit ； control risk