THE ROLE OF FINANCIAL STATEMENTS IN DECISION-MAKING IN THE RISK MANAGEMENT PROCESS
DOI:
https://doi.org/10.5937/Rev2193071KKeywords:
Risk management components, profit maximization measures, business asset increase measuresAbstract
In order to establish a balance between the risks to which it is exposed and the achievement of set goals, the management organizes a risk management system. The management system also implies making appropriate decisions that should be based on relevant and credible information. Financial statements are currently compiled on the basis of relevant and reliable information, the usefulness of which has been improved by making them comparable, verifiable, timely and understandable, and so relevant source for risk management activities.
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