Internal controls and financial reporting quality: before and after implementation of system of internal controls. Evidence from Azerbaijan

Ing. Sahila Shabanova

Diplomová práce

Anotace:

The primary goal of the thesis “Internal controls and financial reporting quality: before and after implementation of a system of internal controls. Evidence from Azerbaijan” is on the basis of the evaluation of the impact of the implementation of internal controls system on quality of financial reporting of the chosen company from Azerbaijan to identify advantages and disadvantages of this quality. Relying on the advantages and disadvantages of the implementation of Internal control, a set of recommendations for further improvements are proposed. The theoretical part covers the principles of corporate governance being focusing on risk management as a tool of effective corporate governance and the concept of internal control. The practical part starts with the chosen company overview of financial position and it continues with the analyses of internal control impact through financial ratios. The results show the solutions are implemented to prevent the internal control deficiencies and risks are revealed through the different reporting cycles.

Abstract:

The primary goal of the thesis “Internal controls and financial reporting quality: before and after implementation of a system of internal controls. Evidence from Azerbaijan” is on the basis of the evaluation of the impact of the implementation of internal controls system on quality of financial reporting of the chosen company from Azerbaijan to identify advantages and disadvantages of this quality. Relying on the advantages and disadvantages of the implementation of Internal control, a set of recommendations for further improvements are proposed. The theoretical part covers the principles of corporate governance being focusing on risk management as a tool of effective corporate governance and the concept of internal control. The practical part starts with the chosen company overview of financial position and it continues with the analyses of internal control impact through financial ratios. The results show the solutions are implemented to prevent the internal control deficiencies and risks are revealed through the different reporting cycles.

Keywords

Internal Control, Corporate governance, Azerbaijan

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 11. 1. 2021

Obhajoba závěrečné práce

• Obhajoba proběhla 10. 2. 2021
• Vedoucí: Ing. Oleksandra Lemeshko
• Oponent: Ing. Bc. Jana Hvozdenská, Ph.D.

Masarykova univerzita

Ekonomicko-správní fakulta

Magisterský studijní program / obor:
Finance a účetnictví / Finance (angl.)