APPROACHES REGARDING THE UTILITY OF THE
ACCOUNTING INFORMATION

Tatiana Dănescu, Petru Maior”University of Tîrgu Mures, Romania
Mihaela Prozan, Global Economy Institute, Romania
Roxana Diana Prozan, “1 Decembrie” University of Alba Iulia, Romania

ABSTRACT: In the context of the internalization and globalization of the economies, in order to
efficiently respond to the different risks that could affect the credibility and the transparency of
the accounting information, the carried research has proven that, there are imposed the knowledge
and the implementation in practice of the financial reporting process of the leadership
prerogatives afferent to a good corporate governance, of those specific to an adequate internal
control and to a prospective and innovative management of these events. Starting from the multiple
benefits generated by the existence of good corporate governance, under its diverse aspects and
dimensions, in the carried research we have focused on the identification and instrumentation of
new valences of the relationship among corporate governance, risk controlling system or process
and the utility of the information from the financial statements.

Keywords: corporate governance, internal control, utility of the information, financial statements, net
accounting result

JEL Codes: M41, M42, M48 G28, G38