THE ENTITY’S FINANCIAL CONTROL EFFICIENCY EVALUATION BASED ON THE IDENTIFICATION OF RISK FACTORS INFLUENCE

Daria ROTARU Academia de Studii Economice a Moldovei

Abstract

The financial control tools applied by the entity are the basic components of the internal control system established by the management of the entity in order to ensure reliable and efficient financial system governance. The decrease of the control measures effectiveness will immediately affect the quality of the management activities as a whole. The objective of the study was to determine the method to evaluate the entity’s financial control efficiency based on the risk factors influence assessment, using the example of the risk of inaccurate accounting information. Keywords: financial control, risk factors, accounting information, risk assessment.