INTERNAL CONTROL AND AUDIT OF ENTERPRISES’ COMPLIANCE WITH CUSTOMS REQUIREMENTS WHILE CON-DUCTING FOREIGN ECONOMIC ACTIVITY

Abstract

Besides its traditional revenue collection and enforcement tasks, Customs places great importance on facilitating and promoting trade and automation provides tools to accomplish this. Customs plays a pivotal role in international trade transactions and in this paper, the use of an automated systems approach to the processes involved in cargo clearance is highlighted. The successful implementation of automation projects largely depends on an effective project team and the unequivocal commitment of senior management. Better results can be achieved by simplifying procedures in accordance with international best practices instead of simply automating manual systems.