LINKAGE OF INTERNAL CONTROLS AND AUDITS IN THE PUBLIC SECTOR
Keywords:
credit, legal systems, societyAbstract
Internal controls are becoming more and more important for users of budget funds, who are focusing more and more attention on the effectiveness of internal control. Internal controls are also very important during the audit process. One of the primary activities during the audit of financial statements, in addition to getting to know the organization in detail, is to understand the business processes of the organization's internal control and its system. In order to ensure business operations in accordance with and in the manner prescribed by the legislator, in accordance with IAS 315 - Identifying and assessing the risk of material misstatements through understanding the entity and its environment, a condition that enables the achievement of the set goals for various users of budget funds is the established internal control function.Downloads
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Copyright (c) 2026 Nikola Milanović (Author)
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