Editor-in-Chief Lecture
Author
Professor at the University of Tehran and financial, economic and investment strategies consultant
Abstract
The sixth issue of the Journal of Accounting Strategies is published in a situation where the need for comprehensive attention to the components of organizational governance and the role of the accounting profession in the dynamics of economic environments has become more apparent than ever. Considering the developments in financial standards and the expansion of professional supervision, the journal has tried to respond to the challenges and practical solutions in the real environment of Iranian businesses in addition to theoretical approaches in selecting the content of this issue. In this issue, the first article, focusing on the role of internal controls in the quality of independent audits, explains the importance of establishing internal control systems as the backbone of the corporate governance system. While explaining the main components of internal controls, including the control environment, risk assessment, information system, control and monitoring activities, the authors have analyzed the professional approach of international standards and legal requirements such as the Sarbanes-Oxley Act. In this article, the effects of control weaknesses on the escalation of the risk of financial distortions and the complementary role of internal and independent auditing in maintaining the soundness of controls are clearly examined, and the need for continuous improvement of control processes is pointed out, emphasizing the responsibility of the board of directors and executive managers.
Main Subjects
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