| Abstract [eng] |
Relevance of the topic. Even now, new cases of financial fraud can be seen in the media, which shows that the financial information does not correspond to the real situation of the company. Many authors argue that such information discrepancies are associated with poor management of accounting information. Although there are quite a lot of accounting information management methods in the literature, there is no unequivocal evidence that the application of internal control ensures quality of accounting management. The performed analysis enables companies to assess the usefulness, impact and effectiveness of internal control procedures applied in accounting. Object of the thesis – the relationship between the quality of accounting information and the application of internal control in accounting. Aim of the thesis – to present the accounting quality management model, which is related to the impact of the application of internal control, to the financial managers of Lithuanian in order to ensure accounting transparency. The main results of the research. The internal control procedures applied in accounting ensure a higher quality of accounting information, as these procedures are created individually to adapt to the needs of the company, following some control weaknesses in order to achieve accounting transparency. In addition, companies prepare all financial statements (in some cases additional financial statements), which are prepared in strict compliance with local accounting standards (LAS) and Lithuanian law. In the interests of accounting transparency, it is important to apply, monitor and develop new internal control procedures, taking into account the company's situation, as this ensures the quality of accounting information. |
