Specific procedures of the internal control and its auditing in the financial investments companies (I)

Author:University professor, PhD. Tatiana DĂNESCU, PhD Student Ovidiu SPĂTĂCEAN

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Keywords:internal control, risks procedures, reporting, error, fraud

Abstract:
The adequacy and the quality of the financial statements prepared and presented by the financial investments companies are largely influenced by the existence of reliable internal control, by its designing and implementation and also by its operational effectiveness checked by its capacity to prevent, detect and correct in due time the material misstatements in the financial statements and in the management and of those in charge with the governance.\r\n\r\nIn order to issue an appropriate opinion, it is important to assess the internal control system effectiveness, using specific procedures for risk assessment, and for this purpose he/she plan and perform tests of the relevant controls.\r\n

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