The new challenges of internal control of corporations

The concept and practice of a trust-based business model affects all activities of the organisation, regardless of the organisation’s business activity in the business sphere. The European Union strongly supports (BEMSZ – Hungarian Public Benefit Purpose Entity of Internal Auditors 2015) the expansive introduction and application of best practice in management principles and their implementation to business processes, as a low level of business confidence limits the development potential of potential economic operators, may endanger their business activities, and rising operating costs due to lack of trust may cause competitive disadvantage as well.



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