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Ekonomska škola Užice Serbia
Independence and objectivity of the internal audit and control are the audit standards to be followed in conducting the audit and preparation of audit reports. Information gained through the internal audit as well as internal control is the basis for the business decision making and they have been used not only by managers but by shareholders and investors too. Traditional internal audit is characterized by a number of lacks that can be overcome by continuous and operational audit which submit audit reports “ad-hoc” according to the needs of business decision making.
internal audit and control, audit standards, business decision making JEL Classification: M42
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