Methodological Features of Risk Management in Internal Control Systems

Economics 21 Interuniversity Journal, Year VI, Book 1, 2016

15 Pages Posted: 12 Apr 2017

See all articles by Maya Lambovska

Maya Lambovska

University of National and World Economy, Department of Management

Date Written: June 30, 2016

Abstract

Instruments for an alternative approach to risk management in internal control systems under revolutionary changes in an organization’s development are presented in this paper. The functions and application of instruments for the identification and measurement of the threats to the organization are demonstrated in the first section of the paper. The role and application of instruments to counteract the threats to the organization are explained in the second section of the paper. The instruments proposed in the paper are illustrated with some results from the research project ‘Theoretical fundamentals of an internal standard of measurement and evaluation of threats to organizations’, financed by the National Science Fund of the Bulgarian Ministry of Education and Science.

Keywords: Internal Control Systems, Risk Management, Methods and Instruments

JEL Classification: C65, M10

Suggested Citation

Lambovska, Maya, Methodological Features of Risk Management in Internal Control Systems (June 30, 2016). Economics 21 Interuniversity Journal, Year VI, Book 1, 2016, Available at SSRN: https://ssrn.com/abstract=2947918

Maya Lambovska (Contact Author)

University of National and World Economy, Department of Management ( email )

Students' Town
Sofia, 1700
Bulgaria

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