Evolution of internal control definition between 1949 until 2013
Abstract
The purpose of this article is to analyze the evolution of the definition of Internal Control objectives between 1949 until 2013, to present elements for discussion about its future trends, and to create material to be consulted by academics.
With the purpose of writing this article, doctrinal documents, books, professional guides and other related research were studied, seeking for explanatory elements, from the accounting theory perspective.
To conclude, the changes in the definition of Internal Control objectives derive from society demands, driven by facts that reveal fraudulent actions; the increasing expectations in the audit standards; and the evolution of socioeconomic factors.
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References
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