IMPROVING THE ACCOUNTING OF COMMODITY-MATERIAL RESERVES IN COMMERCIAL BANKS

Internal audit is a cornerstone of transparency, accountability, and efficiency in managing public funds, particularly within budgetary operations. This article explores the effective organization of internal audits in the budget framework, focusing on key principles such as independence, risk-based approaches, and adherence to international standards. It highlights essential components, including audit charters, skilled teams, advanced tools, and stakeholder engagement, that enhance the credibility and impact of internal audits. The article also examines common challenges, such as resource constraints, resistance to change, and technological limitations, while proposing strategies to overcome these obstacles, including the adoption of advanced technologies and fostering a culture of accountability. By implementing robust internal audit systems, organizations can ensure compliance, optimize resource utilization, and promote trust and transparency, ultimately strengthening governance and financial performance in the management of public budgets.

Institutions

Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2025-01-26
DOI
https://doi.org/10.5281/zenodo.14741495
Primary Topic
Banking, Crisis Management, COVID-19 Impact
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

IMPROVING THE ACCOUNTING OF COMMODITY-MATERIAL RESERVES IN COMMERCIAL BANKS

Zenodo (CERN European Organization for Nuclear Research)
Banking, Crisis Management, COVID-19 Impact
article

IMPROVING THE ACCOUNTING OF COMMODITY-MATERIAL RESERVES IN COMMERCIAL BANKS

article en

Abstract

Internal audit is a cornerstone of transparency, accountability, and efficiency in managing public funds, particularly within budgetary operations. This article explores the effective organization of internal audits in the budget framework, focusing on key principles such as independence, risk-based approaches, and adherence to international standards. It highlights essential components, including audit charters, skilled teams, advanced tools, and stakeholder engagement, that enhance the credibility and impact of internal audits. The article also examines common challenges, such as resource constraints, resistance to change, and technological limitations, while proposing strategies to overcome these obstacles, including the adoption of advanced technologies and fostering a culture of accountability. By implementing robust internal audit systems, organizations can ensure compliance, optimize resource utilization, and promote trust and transparency, ultimately strengthening governance and financial performance in the management of public budgets.

Zenodo (CERN European Organization for Nuclear Research)
Institute of Finance and Banking (CN)
Partnerships for the goals
Openalex Percentile: Top 39%
Banking, Crisis Management, COVID-19 Impact
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

IMPROVING THE ACCOUNTING OF COMMODITY-MATERIAL RESERVES IN COMMERCIAL BANKS · Zenodo (CERN European Organization for Nuclear Research) (2025) | TGRS Research Map | TGRS