FINANSIJSKA KONTROLA I REVIZIJA
FINANCIAL CONTROL AND AUDIT
Author(s): Biljana Ivanova, Snežana Lazić, Bojan ObrićSubject(s): Economy, Financial Markets, Public Finances, Accounting - Business Administration, Business Ethics
Published by: Друштво за економска, друштвена и културна научна истраживања – Економист
Keywords: control; audit; budget; public sector;
Summary/Abstract: The management of a modern business company is faced with the need to make business decisions related to the achievement of business goals. The financial control and audit system, which includes all measures of attention, is primarily aimed at detecting errors of excessive spending and fraud, while on the other hand it checks and ensures the reliability of information. The key task of financial control and audit is to control all parts of the company whether they consistently reduce the business policy adopted at the beginning of the business period and to submit information about this to the management of the business company. The increased interest in establishing financial control and audit is also due to the presence of unfair competition, increased competition and erosion of business ethics. This paper explores from a theoretical point of view the challenges and recommendations for improving the existing system of financial control and audit.
Journal: Економист
- Issue Year: 4/2025
- Issue No: 1
- Page Range: 111-138
- Page Count: 28
- Language: English, Serbian
