"The Informational Risk - Operational Research Over The Net Accounting Result "

Abstract

There is the possibility that the information on which basis the informational risk has been identified and evaluated, not to be correct and impicitly the financial statements not to be in conformity with the represented reality, affecting in this way the objective of the "trustworthy image". On the other hand furnishing some distorted information represents exactly what is the cause of the materialization of the informational risk in the frame of the internal and external decision making processes of the information risk. In order to anticipate, evaluate and adequately control this risk, an important role could be held by the internal control in the entities that furnish information as well as in the entities that have the quality of users of it. In this frame, the carried research has been focused on the analysis of the role and the importance that the internal control could have in the accomplishment of the targeted objectives by the financial statements and in consequence to identify and adequate mechanism for diminishing the informational risk.

"Approaches Regarding The Utility Of Theaccounting Information "

“…Starting from the targeted objectives, an ample documentation has been made over the literature review, of the accounting norms and provisions, of databases, of the ones specific to the corporate governance, audit, internal control and risk management. Also, studying the drafted relationships in the analyzed processes has been achieved through the application of a constructivist method, which is based on the model grounded on the criteria "truthcoherence", respectively the research of the approached topic has been achieved through the coherent combination of the intellectualcognitive dimension with the ethical one in order to show as loyally as possible the relationship among corporate governance, accounting, financial results and the internal control process or system, On the basis of the obtained results in the frame of the previous theoretical and empirical researches (Dănescu, et al , 2013(Dănescu, et al , 2014, we have continued the research with new approaches to knowledge in what regards the relationship between the corporate governance of the entities from Romania and controlling the risks from the financial statements area. In this respect, there have been analyzed in comparison the information presented in the accounting and fiscal reports of the entities taxpayer from Mures county of 9991 economic entities for the financial year 2010 and 8250 economic entities for the financial year 2011.…”

“…Source: authors` calculation and forecasting (Dănescu et al, 2013(Dănescu et al, , 2014 The prints of non-conformity of the information from the analyzed reports with the represented reality highlight some deficiencies of the implemented corporate governance system, a series of dysfunctions of the internal control from the perimeter of the analyzed financial statements, but also a lack of responsibility of the management for insuring the accuracy and the comparability of this information. Reported to the size of the obtained financial results, these deficiencies are localized mainly in the frame of entities of smaller dimensions, in which in many of the analyzed cases, the management does not differ from the shareholders or administrators of the entities considered.…”

Risky (information) business: an informational risk research agenda

“…This conceptual paper addresses these concerns by presenting a research agenda for informational risk, which refers, in this study, to any way in which information is implicated within the conceptualisation, construction, and experience of risk. As a concept, informational risk is not widespread but has traditionally been used to refer to risks that information might pose, including the risk of sharing identifiable patient information (e.g., Fisher et al, 2020) or the risk that financial or economic information might not be accurate (e.g., Dănescu et al, 2013). The definition of informational risk used in this research agenda broadens these ideas to focus on how information shapes or mediates risk rather than the risks that data and knowledge may, in themselves, pose.…”

“…Fisher et al ., 2020) or the risk that financial or economic information might not be accurate (e.g. Dănescu et al ., 2013). The definition of informational risk used in this research agenda broadens these ideas to focus on how information shapes or mediates risk rather than the risks that data and knowledge may, in themselves, pose.…”