Recent corporate collapses at the global level and increased regulatory requirements have created an increased interest in corporate governance practices across the globe. The scandals have sparked fresh debate on ethics and whether it can co-exist with strategies designed to boost performance...

This paper investigated the role of auditors in the financial crisis from an African perspective. Desk research approach scanning through various documents that include; reports and accounts from the internet, published journal articles, national and international newspapers was used. Assessment...

Currently, the companies are obvious changes in activity mode of organization, type of development, behaviour towards the environment. There are different views about the causes of these changes, but all the authors mentioned globalization as one of the causes. Focused on the relationship...

The audit of economic entities is a necessity, giving assurances regarding the integrity and efficiency of management, efficiency and effectiveness of control measures, and fairness of financial statements. Budgets are useful tools in business management and decision making, which allow...

The existence of a wide range of actual or potential threats with effective impact on the business entities is a certainty, as well as their influence on the results of the entity (often negative). In this context, increasing economic performance and conducting effective activities are strictly...

This article first presents a review and assessment of the American Accounting Association's (AAA) governance and internal control. Second, it reports the results of a survey of members of the AAA that was conducted just prior to its annual meeting in August 2011 to solicit their opinions...

In view of complexity and extent, the development of companies changed in time the procedure of exhaustive examination of all registrations of the audited company into a procedure void of economic efficacy. Auditors deemed it necessary that the opinion upon the accuracy of financial statements...

Control risk (CR) refers to the likelihood that material misstatement of the financial statements can not be prevented or detected and corrected by the entity's internal control. This risk is assessed by the auditor after obtaining an understanding of the entity's control environment risk...

Taking into consideration the international economic crisis, the control is focused on main areas of social requirements, on economical and financial issues, passing from the general concern stage, the one of economic programs, to the assurance stage for the resource. Internal control is a...

The financial crisis has revealed the dysfunction of all banking and financial regulatory mechanisms. Prudential regulation failed to prevent the meltdown. Market discipline neglected to send any warning signals. Internal control was seriously undermined by doubtful dealings, in France as...