publication . Article . 2013

Internal Control Organization Procedure

Radu Dorin Lenghel;
Open Access
  • Published: 01 Jan 2013 Journal: Knowledge Horizons - Economics, volume 5, issue 3 September, pages 131-134
Internal control represents the totality of policies and procedures adopted by management, which contribute: to the fulfilment of managerial objectives, to the prevention and detection of frauds or errors, to the accuracy and exhaustiveness of accounting entries, as well as to the preparation in due course of financial accounting information. Internal control represents a managerial instrument which assures the fulfilment of objectives of the entity, being an ongoing process in which administrative management, executive management and the whole staff of the entity participates, and by which is provided a reasonable assurance on the achievement of objectives of t...
free text keywords: The concept of internal control, objectives of internal control, components of internal control, methodology of internal control, structure of internal control system, procedure of organization of internal control, jel:M14, jel:M16

1. Lenghel R.D. (2011). Financial Control and Audit, Editura Risoprint, Cluj-Napoca.

2. Lenghel R.D. (2011). Internal Control and Audit, Editura Risoprint, Cluj-Napoca.

3. Order of the Minister of Public Finances no. 3055/2009 for the approval of accounting regulations compliant with European directives further amended and supplemented.

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