INTERNAL CONTROL ACTIVITIES: CAUSE AND EFFECT OF A
  GOOD GOVERNANCE OF ACCOUNTING REPORTINGS AND
               FISCAL DECLARATIONS


               Tatiana Dănescu,“Petru Maior” University of Tîrgu Mureş
                Mihaela Prozan, ”1Decembrie” University of Alba Iulia
            Andreea Cristina Dănescu , ”1Decembrie” University of Alba Iulia

ABSTRACT: As a subsystem of the management system, the internal control could be
viewed as the primordial condition for the efficient and effective accomplishment of the
general and specific objectives of any organization. From the audit perspective, the
internal control represents both an objective of the internal auditor activity, and a means
to achieve a goal for the external auditor. Starting from these approaches and from the
perspective of the impact towards the corporative governance, the qualitative analysis of
the internal control, is a current and complex issue. Hence, the scientific research has
been focused on identifying the answers for the following questions: Could risks that
refer to the administrating of state revenues be controlled until a reasonable level? In the
given context, which is the role of the internal control activities in achieving a good
corporate governance in entities – taxpayers?

Key words: corporate governance, internal control activities, risk strategy, risk tolerance, state
revenues` management

JEL codes: M42, G28, G38