Aspects Regarding Risks in Financial Reporting

摘要

The internationalization and globalization trends of the economies, which are highly influenced by the increasing financial pressures generated by the current economic crisis, have facilitated the fact that new risks and factors of risks that have severe and multiple implications over all fields of activity, have appeared. Hence, the entities function in a highly competitive environment, and due to the given circumstances, major changes in regard to the values, practices and instruments that they focus on or operate with, were imposed. In addition, managing these changes, transformations and hierarchies imply that the entities assume responsibility, are open, rigorous and transparent. Actually, these concepts mean a good corporate governance which has an adequate impact over the accounting production, assured through an innovative and visionary risk management, which imposes an adequate internal control of the accounting reports. In regard with the mentioned aspects, the carried research has been focused on instrumenting the connections that exist between the ways of risk management and of corporate governance.