MANAGEMENT REPORTING IN COMPANY INTERNAL CONTROL SYSTEM

Abstract

Purpose: In the current situation, the role of effective internal control is increased. However, the process of its holding is often compounded by the lack or excess of the analyzed information that is the result of irrational management reporting or lack of it at all. Discussion: Assuming that performance of internal control depends on providing qualitative and up to date information, the authors suggest using of management reporting as a source of information. This approach requires creation of forms of the management reports. Results: The paper presents the model of management accounting in relation to the internal control functions in the company. This model greatly simplifies the process of internal control and at the same time will increase its effectiveness.