EFFICIENCY OF INTERNAL CONTROLS IN FINANCIAL MANAGEMENT : A REVIEW FROM THE AUDIT PERSPECTIVE
DOI: 10.5937/etp2403109A
Keywords:
internal control, inancial management, audit, supervision, risk analysisAbstract
The effectiveness of internal controls in financial
management is crucial for ensuring the integrity, accuracy, and
legality of financial transactions and reports. From an audit
perspective, the internal control system is analyzed to determine
whether it is designed and operated in a manner that reduces risk and
helps achieve business objectives. The development of auditing and
internal control has evolved through numerous historical and
economic changes, emphasizing the fundamental goal of establishing
clear financial oversight. Consequently, this study explores the
managerial impacts facilitated by internal control, focusing on the
intrinsic role of audit as a component of financial oversight.
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