A Comparative Study of Well-established Internal Control Models

Abstract Establishing into practice many internal control models represents a resultant of the diversity of juridical regulations and professional practices from national and international jurisdictions, of public consequences of famous bankruptcies and the public managers’ answers regarding the credibility and transparency of published financial information. Business globalization, the necessity of using a common accounting language in order to measure the economic effects, to monitor and implement some adequate procedures for the financial management of intercessions undertaken by organization executives have opened new research perspectives regarding the internal control of activities useful for accomplishing the established objectives. Under this impulse, the comparative study of internal control models represents a necessary intercession for the foundation of specific practices from every company.