FINANCIAL AUDIT - THE FUNDAMENTAL OF EFFECTIVE CORPORATE GOVERNANCE
The research context is found in a period in which Romania, as part of the European Union, must align with the initiatives initiated at European level regarding the consolidation of state reforms in the field of corporate governance, accounting, control and internal audit. One of the key factors tha...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Petrosani
2019-10-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | https://www.upet.ro/annals/economics/pdf/2019/p1/Ravas_Danet.pdf |
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| Summary: | The research context is found in a period in which Romania, as part of the European Union, must align with the initiatives initiated at European level regarding the consolidation of state reforms in the field of corporate governance, accounting, control and internal audit. One of the key factors that influence the efficient use of resources, the increase of the shareholders’ confidence in the managers of economic entities, the success in achieving the objectives of the companies and the economic efficiency is the corporate governance system through which a company is managed and controlled. The statutory (internal) audit component, based on the criteria described by the principles of good corporate governance, must be supported by the financial audit activity in order to increase transparency and at the same time to optimize all levels that condition the multicriteria performance. |
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| ISSN: | 1582-5949 2247-8620 |