Izazovi Djelovanja Interne I Eksterne Revizije U Eri Pandemije Covid-19

Tušek, Boris; Ježovita, Ana; Halar, Petra

doi:10.46458/27121097.2020.26.111

Cited by 4 publications

(1 citation statement)

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“…Internal auditors are faced with increased requirements for consulting engagements, as well as significant changes in business processes that result in previously non-existent risks. Thus, remote audit results in the need for updating and significant changes in strategic, annual and individual plans (Tusek, Jezovita, & Halar, 2020).…”

Section: The Role and Significance Of Remote Auditing Conceptmentioning

confidence: 99%

Internal Auditing in Covid-19 Environment: Is Remote Auditing a Solution?

Mizdraković¹,

Kljajić²,

Zekić³

2021

Proceedings of the 8th International Scientific Conference - FINIZ 2021

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The global pandemic caused by the new coronavirus COVID-19 disease flared up around the world and it was very difficult to predict. When it comes to the worldwide economy, there is no doubt that the pandemic will have serious consequences because, besides being a health crisis, pandemic has already turned into a great economic and financial crisis. This, in turn, left the management of service providing entities left with a dilemma -to choose the right model for their business activities and care for their employee's health at the same time. This paper discusses possible solutions related to internal audit, as a service providing profession. It also analyses advantages and disadvantages of internal auditing activities performed before and during the pandemic. The authors' findings lead to the conclusion that auditors could use this business environment as an opportunity for complete digital transformation since the function of internal audit can be further improved using new information and communication technologies.

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Section: The Role and Significance Of Remote Auditing Conceptmentioning

confidence: 99%

Internal Auditing in Covid-19 Environment: Is Remote Auditing a Solution?

Mizdraković¹,

Kljajić²,

Zekić³

2021

Proceedings of the 8th International Scientific Conference - FINIZ 2021

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Use of Controlling Instruments in Croatian Companies during the Pandemic

Roška¹,

Sesar²,

Buneta³

2023

CEBR

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Nowadays, in times of corona crisis, controlling is gaining much attention because it represents an effective internal mechanism that can greatly contribute to a timely and rapid response to changes. Controlling activities reflect the quality of company management at the strategic, tactical, and operational levels. In doing so, controlling uses appropriate instruments and contributes to business efficiency and effectiveness. The research aims to determine the current state of controlling instrument application (operational/strategic) in companies. Further, we examine the role of controlling in stabilizing business operations and adjusting business strategies that affect business performance indicators in the context of the corona crisis. The survey method was used and data were collected from 180 companies of different sizes in the Republic of Croatia. The survey was conducted in 2021. Nonparametric techniques, the Chi-square test and the Kruskal-Wallis test were used for hypothesis testing. The findings show: (1) there is a significant relationship between the role of controlling in business stabilization and business strategy redirection in times of corona crisis and thus affects business indicators measured by liquidity, profitability and indebtedness, (2) there is a statistically significant difference between those companies who established controlling department and those without a controlling department in the application of operational controlling instruments, (3) there is no a statistically significant difference between those companies who established controlling department and those without a controlling department in the application of strategic controlling instruments. The results of the study provide insight into the application of controlling instruments in Croatian companies during the corona crisis and empirical implications for academics and practitioners. Implications for Central European audience: Nowadays, market volatility and external factors significantly influence the business decisions of Central European companies. For managerial decisions to be timely and effective, controlling uses various instruments with the aim of better advising managers. To be more agile, companies have to use a combination of operational and strategic controlling instruments. In the Republic of Croatia, as a posttransition country, companies are more short-term oriented, which is visible in the significant use of operational controlling instruments, and to a lesser extent strategic instruments. In

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Internal audit in the COVID-19 environment: Key aspects and perspectives of remote auditing

Kljajić,

Mizdraković,

Hadrović-Zekić

2022

EurJ Appl Econ

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It was very difficult to predict the global pandemic caused by the new coronavirus COVID-19 disease that spread around the world. There is no doubt that the pandemic will have a serious impact on worldwide economy because besides causing a health crisis, the pandemic threatens to generate an economic and financial crisis. Therefore, the management of service providing entities were faced with a challenge of finding a model to perform their business activities and take care of the employees' health at the same time. This paper discusses possible solutions related to internal audit as a service providing profession. The research findings in the field have led to the conclusion that auditors can take advantage of this business environment to undergo complete digital transformation and make extensive use of remote auditing, since the function of internal audit can be further improved by using new information and communication technologies. The results of the research, which was focused on the opinions of certified internal auditors from the Republic of Serbia, showed that the advantages of remote auditing in internal audit outweighed the disadvantages. During the pandemic, the quality level of performed audits either increased or stayed the same, as well as the level of trust of audit client management, whereas savings in time and a decrease of travel-related costs were substantial.

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Izazovi Djelovanja Interne I Eksterne Revizije U Eri Pandemije Covid-19

Cited by 4 publications

References 0 publications

Internal Auditing in Covid-19 Environment: Is Remote Auditing a Solution?

Internal Auditing in Covid-19 Environment: Is Remote Auditing a Solution?

Use of Controlling Instruments in Croatian Companies during the Pandemic

Internal audit in the COVID-19 environment: Key aspects and perspectives of remote auditing

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