Internal and external audit as a factor in improving the management of the agricultural enterprise

The importance of accounting policy in the context of strengthening financial stability in a company that previously implemented internal audit as a regular business decision-making mechanism should be viewed as part of regular making of valid business decisions in companies. Such observation should basically have a large breadth of observation both in depth and breadth, because application is possible in very heterogeneous companies. The accounting policy provides valid data to the internal audit and is essentially the first stage of performing a real audit assurance. Top management can contribute to increasing the safety of the entire work in the company if it fundamentally strengthens the work of accounting and Internal Audit. Namely, the internal audit is formed by the decision of the company's top management and it is responsible for its work, submits reports on its work to it and gives it its opinion in the form of recommendations on work and carrying out specific audits in the company.

Section: Company Accounting In the Function Of Reporting And Submitti...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Importance of Accounting Policy in the Context of Strengthening Financial Stability in a Company That Previously Implemented Internal Audit as a Mechanism of Regular Business Decision-Making

Bjelica¹,

Bakmaz²,

Vitomir³

2023

“…Taking into account numerous factors of economic development, it is possible to establish a real connection between economic activities and the development of numerous heterogeneous subjects in the economy, which is of great importance for developing countries [26][27][28][29][30].…”

Section: Introductionmentioning

confidence: 99%

The Significance of Showing the Phases in the Functioning of the Banking System in the Processes of the Real Functioning of the Financial System, the Example of the Republic of Serbia

Lutovac

2024

The importance of observing the entirety of the financial observations of the functioning of the system can be observed through several phases in the real functioning of the banking system. In the paper, it was observed from the macro level, in terms of the organization of the banking system in the processes of the real functioning of the financial system in one country, for example the Republic of Serbia. In addition, it should be observed from a practical aspect in the functioning of the banking system, which can be observed in the context of a real process, and through the observation of a possible merger and acquisition, it can be presented in the following three phases: the phase of strategic preparation, the phase of negotiation and research, and the phase of finalization and integration in banks that have joined the given business activities.

“…The key reason for the introduction of internal audit in the work of all forms of economic organization can be the reduction of corruption [6][7][8][9][10]. This is of particular importance for the business of all forms of economy in a transitional economy like the Republic of Serbia.…”

Section: Introductionmentioning

confidence: 99%

Application of Internal Audit in Processes of Reducing Corruption in a Transitional Economy Like the Republic of Serbia

Bakmaz¹,

Bjelica²,

Vitomir³

2023

Internal audit can become one of the factors that can be used to reduce the level of corruption at the level of the entire economy. The application of internal audit can be practically carried out from the company level to the level of general observation in the economy as a whole. Essentially, by applying an internal audit formed by the company's top management, it is possible to influence the improvement of all management processes in very heterogeneous companies in terms of their existence. In real decision-making processes, and especially when the top management decides to introduce an internal audit into its regular operations, the decisive motive can be aimed at reducing the level of general corruption, especially by employees at all levels of management in companies. Therefore, the internal audit can contribute with its work so that the business decisions of the top management are focused on the processes of suppressing corrupt ways of doing business.