DEVELOPMENT OF INTERNAL CONTROL AS AN IMPORTANT MANAGERIAL CONTROL INSTRUMENT IN INTERNATIONAL BUSINESS PUBLISHEDSrđan LALIĆ, Dražen JOVANOVIĆ, Milan NIKOLIĆ, Radmila DJAKOVIĆ
Each activity in international business is based on the decisions arising from the process of planning, establishing goals of activities. During these activities, governing bodies of international business are forced to make decisions. These decisions should be based on objective information. Establishing the internal control in international business is in the function of the effective management and risk reduction activities. The main objective of this paper is to demonstrate that the system of the internal control is significant for the achievement of stated objectives and mission in international business. The activities used to achieve the objectives and mission, include at the same time commitment of adequate resources (material, human and financial) according to which, these activities must be economically justified.
Control, management, accounting system, risk, international operations, control procedures, business activities