Internal Financial Control and Internal Financial Audit: Tools for Eliminating Financial Misconduct
Year: 2025
Type: article
Abstract: This research aims to identify or cover the development of the theory of financial control and audit as well as the development of methodological ways to evaluate how internal financial control and internal financial audit affect the severity of financial misconduct.The following tasks must be completed in order to reach the goals set: analyses the main trends in the development of financial control and audit activities; propose methodological approaches of evaluating the impact of financial control and audit activities on the severity of financial misconduct and irregularities; and create of a set of recommendations for enhancing the system of support.System analysis, which is used to evaluate financial control and audit procedures as a complex multi-component structure from the aspect of eradicating and preventing misbehavior, served as the basic research method in this subject.The results are presented in the form of tables and figures that show the structure of an efficient financial control system.The paper discusses the elements required for the system of internal financial control and internal financial audit to be successfully implemented, and it makes the necessary recommendations based on its analysis.
Source: MONTENEGRIN JOURNAL OF ECONOMICS
Author: Aliya Nurgaliyeva
Institution: Narxoz University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4415328219