INTERNAL CONTROL OF ACCOUNTING RISKS IN THE CONDITIONS OF APPLYING IFRS
Journal Title: Бізнес-навігатор - Year 2018, Vol 2, Issue 45
Abstract
The article examines the risks of accounting in the conditions of application IFRS. The methods of internal control over accounting risks are defined in order to manage them in the process of entities’ activity. The process of applying IFRS causes appearance of new internal control facilities that require the development not only new control procedures but also the adaptation of existing control procedures to fundamentally new conditions for the collection, evaluation, processing, grouping and transmission of data. Proved that the entities’ accounting in the conditions of application IFRS should be considered as a separate object of internal control, which may predetermine the existence of certain risks associated with the process of displaying information about the entities’ financial position and performance. In this case the most important tasks of internal control should include the identification, evaluation and application of the most effective methods of managing accounting risks, which may have a negative impact on the qualitative characteristics of accounting information.
Authors and Affiliations
B. A. Zasadnyi
Keywords
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