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Vandervelde, Scott D., Joseph F. Brazel, Keith L. Jones, and Paul L. Walker. "Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on Public Exposure Draft: Internal Control—Integrated Framework (COSO Framework)." Current Issues in Auditing 6, no. 1 (April 1, 2012): C35—C42. http://dx.doi.org/10.2308/ciia-50180.
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SUMMARY In November 2010, COSO announced a project to review and update the 1992 Internal Control—Integrated Framework (COSO 1992). COSO's goal in updating the framework was to increase its relevance in the increasingly complex and global business environment to help ensure that organizations worldwide can better design, implement, and assess internal control. The proposed Framework retains the core definition of internal control and the five components of internal control. One of the most significant enhancements is the expression of concepts described in the original framework into 17 principles, accompanied by related attributes. COSO provided for a 104-day exposure period (from December 19, 2011 to March 31, 2012) for interested parties to examine the exposure draft and provide comments. On March 29, 2012, the Auditing Standards Committee of the Auditing Section of the American Accounting Association provided the comments in the letter below to COSO on Public Exposure Draft: Internal Control—Integrated Framework (COSO Framework). Data Availability: Information about and access to the release is available at: http://www.ic.coso.org/default.aspx
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Irianto, Danar Irianto. "KEMUNGKINAN IMPLEMENTASI SISTEM PENGENDALIAN INTERNAL BERBASIS COSO FRAMEWORK PADA UNIT LAYANAN PENGADAAN POLITEKNIK NEGERI BATAM." JOURNAL OF APPLIED MANAGERIAL ACCOUNTING 4, no. 1 (March 31, 2020): 70–93. http://dx.doi.org/10.30871/jama.v4i1.1963.
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This research describes the evaluation of the implementation of an internal control system based on the COSO framework in the Batam State Polytechnic procurement unit. By using the COSO framework as outlined in the Internal Control Questioner based on 5 components and broken down into 17 COSO principles; (1) Control environment, (2) Control activities, (3) Risk assessment, (4) Information and communication, (5) Monitoring. Based on the research that has been done, there are several conclusions drawn. First, in the Control environment component, the procurement service unit is quite possible to implement a COSO-based control system. Secondly, the Risk assessment component of the procurement service unit is quite possible to implement a COSO-based control system. Third, the Control activities component of the procurement service unit is quite possible to implement a control system based on COSO. Fourth, the procurement service unit's Information and communication component is quite possible to implement a COSO-based control system. Fifth, the Monitoring component of the procurement service unit is not possible to implement a COSO-based control system. So as a whole it can be concluded that the Batam State Polytechnic procurement service unit is quite possible to implement a COSO-based control system.
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Udeh, Ifeoma. "Observed effectiveness of the COSO 2013 framework." Journal of Accounting & Organizational Change 16, no. 1 (December 2, 2019): 31–45. http://dx.doi.org/10.1108/jaoc-07-2018-0064.
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Purpose This paper aims to examine the effectiveness of the Committee of Sponsoring Organization’s 2013 Framework, by investigating how the number of auditor-reported material weaknesses compares for Early-, Timely- and Late-adopters of the framework, and how the number of auditor-reported material weaknesses changed for Early- and Timely-adopters following their adoption of the framework. Design/methodology/approach The paper uses regression analyses based on a sample of US firms subject to Sarbanes-Oxley Act Section 404(b). Findings Timely-adopters of the 2013 Framework continued to exhibit fewer instances of auditor-reported material weaknesses than Late-adopters, even though they had a marginal increase in the number of auditor-reported material weaknesses, in the post-2013 Framework period. Practical implications The findings suggest that the effectiveness of the 2013 Framework may lie in the iterative nature of the internal control process, and as firms remedy deficiencies they or their auditors identify, they will continuously improve the effectiveness of their internal control systems. Originality/value Unlike existing literature, this paper uses data from the pre-2013 Framework, transition and post-2013 Framework periods to examine changes in the number of auditor-reported material weaknesses, thus differentiating between Early-, Timely- and Late-adopters of the 2013 Framework. It also shows the effect of adopting the 2013 Framework on the number of auditor-reported material weaknesses.
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Klamm, Bonnie K., and Marcia Weidenmier Watson. "SOX 404 Reported Internal Control Weaknesses: A Test of COSO Framework Components and Information Technology." Journal of Information Systems 23, no. 2 (September 1, 2009): 1–23. http://dx.doi.org/10.2308/jis.2009.23.2.1.
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ABSTRACT: This paper examines internal controls, from both an information technology (IT) and non-IT perspective, in relation to the five components of the Committee of Sponsoring Organization's Internal Control-Integrated Framework (COSO 1992), as well as the achievement of one of COSO's three objectives-reporting reliability. Our sample consists of 490 firms with material weaknesses reported under Sarbanes-Oxley Section 404 during the first year of compliance. We classify the weaknesses by COSO component and as IT-related or non-IT-related. Our results support the interrelationships of the COSO Framework. The results also show that the number of misstated accounts is positively related to the number of weak COSO components (i.e., scope) and certain weak COSO components (i.e., existence). Firms with IT-related weak components report more material weaknesses and misstatements than firms without IT-related weak components, providing evidence on the pervasive negative impact of weak IT controls, especially in control environment, risk assessment, and monitoring.
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Gaines DBA, Victor W., and Karina Kasztelnik Ph.D. "The Role of Internal Control Guidance in the Modern Economy and Its Impact on Audit Governance in the U.S." International Journal of Accounting and Finance Studies 3, no. 1 (December 13, 2019): p1. http://dx.doi.org/10.22158/ijafs.v3n1p1.
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Whether it is the private sector or public sector, it is important for auditors to have an adequate framework when evaluating internal control systems governance. One of the most widely used frameworks used by audit practitioners is the COSO Internal Control-Integrated Framework Governance. As auditors examine different global frameworks, one can quickly identify the importance the COSO Internal Control-Integrated Framework Governance has on evaluating internal control systems globally. As audit practitioners, it is essential to have a universal framework that can systematically assist in evaluating an internal control system. As auditors and management look toward the future, whether it is private or public sector auditing, they can-will see the fingerprints of the COSO Internal Control-Integrated Framework Governance in evaluating future internal control systems throughout the world. This article are helpful to both the pravite sector management and policymakers.
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Rubino, Michele, and Filippo Vitolla. "Corporate governance and the information system: how a framework for IT governance supports ERM." Corporate Governance 14, no. 3 (May 27, 2014): 320–38. http://dx.doi.org/10.1108/cg-06-2013-0067.
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Purpose – The purpose of this paper is to illustrate how information technology (IT) governance supports the process of enterprise risk management (ERM). In particular, the paper illustrates how the Control Objectives for Information and related Technology (COBIT) framework helps a company reach its objectives by integrating and supporting the Enterprise Risk Management by the Committee of Sponsoring Organizations (COSO ERM) framework. Design/methodology/approach – This paper explains how the integration between the two frameworks (COSO ERM and COBIT 5) can represent, for any organization, a good way to achieve the objectives of internal control and risk management and, more generally, corporate governance. Findings – The paper identifies some gaps in the COSO ERM and illustrates how the COBIT framework facilitates the implementation of an adequate system of internal control. Originality/value – The originality of the work presented here is in analyzing the COBIT 5 together with the COSO ERM framework. This paper highlights that is not enough to apply only an internal control framework for achieving the risk management and internal control system objectives. An IT governance framework, such as COBIT 5 is proposed as a tool that support risk management in order to develop an adequate system of internal control.
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Janvrin, Diane J., Elizabeth A. Payne, Paul Byrnes, Gary P. Schneider, and Mary B. Curtis. "The Updated COSO Internal Control—Integrated Framework: Recommendations and Opportunities for Future Research." Journal of Information Systems 26, no. 2 (July 1, 2012): 189–213. http://dx.doi.org/10.2308/isys-50255.
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ABSTRACT To address the changing business environment and increased shareholder interest, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently issued an exposure draft updating its 1992 Internal Control—Integrated Framework. We review the updated Framework and discuss the comments we (as the Environmental Scanning Committee of the American Accounting Association's Information Systems Section) offered COSO regarding how to improve the Framework. In addition, we identify research opportunities for accounting information system scholars related to the new Framework.
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Wonglimpiyarat, Jarunee. "Technology auditing and risk management of technology incubators/science parks." World Journal of Entrepreneurship, Management and Sustainable Development 13, no. 1 (March 13, 2017): 44–56. http://dx.doi.org/10.1108/wjemsd-04-2016-0023.
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Purpose The purpose of this paper is to discuss the application of risk management and auditing to technology incubators/science parks. The proposed audit plan focusses on the risk assessment using the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework. Design/methodology/approach The risk-based audit plan for auditing and managing the risks associated with the operation of technology incubators/science parks is based on the application of the COSO framework. Findings The proposed audit plan and performance analysis as a result of COSO application can be used as a risk management tool to improve effective operation of the incubator programmes. Originality/value The paper addresses the challenges of new auditing approach. In particular, the study applies the COSO framework to manage the risks of technology incubators/science parks which would help fill the gap in technology auditing. The audit plan and the performance analysis tool provide a new approach to assist R&D managers in performing risk assessments across various aspects of incubation operation.
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Premuroso, Ronald F., and Robert Houmes. "Financial statement risk assessment following the COSO framework." International Journal of Accounting & Information Management 20, no. 1 (February 24, 2012): 26–48. http://dx.doi.org/10.1108/18347641211201063.
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Kitching, Karen A., Mikhail Pevzner, and Nathaniel M. Stephens. "Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the COSO request for comments on Internal Control over External Financial Reporting: Compendium of Approaches and Examples." Current Issues in Auditing 7, no. 1 (June 1, 2013): C30—C33. http://dx.doi.org/10.2308/ciia-50475.
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SUMMARY On September 18, 2012, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) solicited public comments on its exposure draft of the document entitled Internal Control over External Financial Reporting: Compendium of Approaches and Examples (Compendium). According to COSO's press release, the Compendium is part of its project to update the Internal Control—Integrated Framework (Framework) and is meant to “assist users when applying the Framework to external financial reporting objectives.” The 63-day comment period ended on November 20, 2012. This commentary summarizes the contributors' views on this exposure draft (the exposure draft and other related information can be accessed at: http://www.pwc.com/us/en/cfodirect/publications/in-brief/2012-43-coso-releases-internal-control-compendium-for-public.jhtml and the associated updated Framework. Comments are separated into two sections: general comments, and comments in response to specific questions posed by COSO in its request for feedback.
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Lehmann, Constance M., and Jun (Maggie) Hao. "Understanding the COSO 2013 Framework: Four Short Cases for Use in AIS and Auditing Courses." AIS Educator Journal 15, no. 1 (January 1, 2020): 1–24. http://dx.doi.org/10.3194/1935-8156-15.1.1.
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ABSTRACT Since our students will be auditors or accountants after they graduate, they need to understand how to apply and assess the components of the COSO 2013 framework in their evaluations of a client's internal controls and the reports used for decision-making. We present four short cases addressing the components of the COSO 2013 Internal Control—Integrated Framework. The short cases we provide focus on the interaction of the components to help students see how these components combine to form a strong internal control system. Learning objectives of the cases are to help students: 1) practice performing a risk assessment and making recommendations to respond to the identified risks, 2) identify non-accounting information that could be used to monitor operations, 3) evaluate the control environment of an organization in terms of the five principles of the COSO 2013 control environment component, and 4) evaluate potential fraud risk, identifying the information and monitoring activities that could be used to mitigate that risk. A pre- and post-test analysis shows that students, especially undergraduates, exhibited significant improvement in their understanding of the components of the COSO 2013 framework. Implementation guidance and other feedback are included.
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Soetedjo, Soegeng, and Ahmad Sugianto. "PENERAPAN COSO ERM INTEGRATED FRAMEWORK DALAM MENDUKUNG AUDIT FORENSIK UNTUK MENANGGULANGI TINDAKAN KECURANGAN." JOURNAL OF APPLIED MANAGERIAL ACCOUNTING 2, no. 2 (October 3, 2018): 262–74. http://dx.doi.org/10.30871/jama.v2i2.944.
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Hal-hal yang menjadi perhatian investigator yang paling utama adalah pada pengendalian internal dalam organisasi. Pengendalian internal ini menjadi hal yang sangat penting dan berdampak besar terhadap tindakan kecurangan yang terjadi selaras dengan tingkat risiko dalam mencapai tujuan organisasi. Pada tahun 2016 COSO telah menerbitkan COSO ERM Integrated Framework. Framework tersebut mengembangkan lebih lanjut pada pengendalian internal dengan memberikan perhatian utama pada subjek ERM yang lebih luas. Kesimpulannya integrasi antara lima komponen pengendalian internal dengan ERM memberikan jaminan bagi manajemen bahwa tujuan organisasi akan tercapai secara efektif dan efisien termasuk mencegah terjadinya fraud.
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So, Willy Adryan. "EVALUASI INTERNAL CONTROL UNTUK MEMINIMALKAN POTENSI FRAUD DAN ERROR PADA TOKO MALINO INDAH DI MAUMERE." CALYPTRA 5, no. 2 (September 1, 2017): 133. http://dx.doi.org/10.24123/jimus.v5i2.3081.
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Abstrak -Penelitian ini bertujuan untuk meminimalisasi potensi terjadinya fraud dan error pada badan usaha berupa toko. Penggunaan internal control telah banyak dilakukan oleh badan usaha baik dari yang berskala kecil hingga besar, hal ini dikarenakan badan usaha menyadari pentingnya internal control untuk memastikan kegiatan operasional yang efektif dan efisien. Penelitian ini menggunakan pendekatan kualitatif. Objek dalam penelitian ini adalah Toko Malino Indah di Maumere. Analisis internal control didasarkan pada teori COSO framework karena COSO framework memberikan panduan umum internal control yang dikembangkan dan digunakan secara internasional sehingga diharapkan dapat memberikan analisis internal control terkait dengan fraud dan error yang memadai. Penelitian ini menemukan bahwa internal control yang diterapkan oleh Toko Malino Indah masih sangat lemah. Hal ini menimbulkan berbagai potensi fraud dan error yang dapat terjadi seperti pencurian kas dan inventory serta kesalahan dalam penjualan. Penyebab utamanya adalah pemilik tidak memiliki pengetahuan mengenai internal control yang baik dan benar. Penulis memberikan rekomendasi internal control secara umum untuk adanya aturan yang jelas dalam toko, pengawasan yang lebih ketat, menilai ulang risiko fraud dan error, perekrutan karyawan yang berkompeten, dan pencatatan yang dilakukan dengan benar.
Kata kunci: Internal control, COSO framework, toko, fraud, error
Abstract –This research aims to help the object to minimizing potential fraud and error. Internal Control has been used by business entity because they realize internal control can help to assure about the effectiveness and efficiency of their operations. The writer use Malino Indah Store as the object. This research use qualitative approach. This internal control analysis use COSO framework because its give general guidance about internal control and its been used by international world, so its expected to could give adequate analysis. This research find that internal control in Malino Indah Store was too weak. This cause various of fraud and error potential like theft of cash and inventory as well as sales mistakes. The main cause of this weak internal control is the owner does not has the knowledge about the right internal control. Writer recommend internal control for the object to has written regulatory, thighter monitoring, reassessment of fraud and error potential, recruit competent employee, and do the entry correctly.
Keywords: Internal control, COSO framework, store, fraud, error
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Chen, Hanwen, Daoguang Yang, Xinmin Zhang, and Nan Zhou. "The Moderating Role of Internal Control in Tax Avoidance: Evidence from a COSO-Based Internal Control Index in China." Journal of the American Taxation Association 42, no. 1 (March 1, 2019): 23–55. http://dx.doi.org/10.2308/atax-52408.
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ABSTRACT We study the role of internal control in tax avoidance by evaluating the efficacy of the COSO framework in tax risk management. First, we use a comprehensive COSO-based index in China that covers a firm's internal control over not only financial reporting, but also operations and compliance. Second, we perform quantile regressions to account for the entire tax avoidance distribution. These two key features enable us to find a nonlinear relation between internal control and tax avoidance, with the former having a moderating effect on the latter. Specifically, we show that internal control quality enhances tax avoidance for under-sheltered firms but curbs tax avoidance for over-sheltered firms. This nonlinear pattern continues to hold when we decompose internal control into its five COSO components. Moreover, the moderating role of internal control in tax avoidance alleviates tax volatility, supporting the accounting firms' recommendation to use COSO-based internal control in tax risk management. JEL Classifications: H26; G32; M42.
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Kulić, Slavica. "COSO integrated framework and interactive connection elements of internal control." Ekonomski pogledi 20, no. 2 (2018): 49–70. http://dx.doi.org/10.5937/ekopog1802049k.
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Raschke, Robyn L., and Arti Mann. "Enterprise Content Risk Management: A Conceptual Framework for Digital Asset Risk Management." Journal of Emerging Technologies in Accounting 14, no. 1 (March 1, 2017): 57–62. http://dx.doi.org/10.2308/jeta-51735.
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ABSTRACT Growth of data is exponential and as the organization's information needs for internal decision making expands from data in traditional systems to a variety of new sources both within the organizational boundaries and extended to external sources, the need for governance of these new digital assets is imperative. This paper proposes the Enterprise Content Risk Management (ECRM) framework. ECRM is a synthesis of COSO-ERM and Enterprise Content Management (ECM) frameworks. The ECRM leverages the strengths of the COSO-ERM overarching framework while focusing on the data lifecycle perspective of the Enterprise Content Management for organizational governance and compliance of digital assets. The proposed ECRM approach provides a framework for organizations to mitigate the risk associated with the rapid growth and inappropriate use of both structured and unstructured data.
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Balakrishnan, Ramji, Ella Mae Matsumura, and Sridhar Ramamoorti. "Finding Common Ground: COSO's Control Frameworks and the Levers of Control." Journal of Management Accounting Research 31, no. 1 (September 1, 2017): 63–83. http://dx.doi.org/10.2308/jmar-51891.
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ABSTRACT We examine the extent to which the 2013 COSO Internal Control—Integrated Framework (ICIF) succeeds in the goal to expand its application beyond a compliance framework. We do so by mapping the points of focus in the 2013 ICIF to the principles articulated in the Levers of Control (LOC) framework advocated by Simons (1995). The analysis shows how the revision achieves partial success. This identification of areas in which the frameworks overlap promotes an integrated view of organizational control and aids assessment of the efficacy of a firm's control over its strategic and operational processes. We also examine the extent to which the 2016 COSO Enterprise Risk Management (ERM) Exposure Draft captures non-overlapping areas between the 2013 ICIF and the LOC, and highlight implications for future work in this evolving area.
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Droogsma, Jan. "Reacties van COSO op de maatschappij van nu." Maandblad Voor Accountancy en Bedrijfseconomie 87, no. 9 (September 1, 2013): 383–91. http://dx.doi.org/10.5117/mab.87.21927.
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Het Committee of Sponsoring Organizations of the Treadway Commission (COSO) heeft op 14 mei 2013 een geüpdate versie van het Internal Control – Integrated Framework (IC-framework 2013) uitgebracht. De vraag die in dit artikel centraal staat is: Wat is de toegevoegde waarde van dit geüpdate framework ten opzichte van het eerder in 19921 door COSO uitgebrachte framework voor Internal Control (IC-framework 1992)? Op basis van een toelichting van de verschillen tussen de beide versies van het IC-framework en een analyse in hoeverre met het ICframework 2013 tegemoetgekomen is aan de kritiekpunten op het IC-framework 1992 wordt de conclusie getrokken dat dit geüpdate framework in opzet een grote sprong voorwaarts is wat internal control betreft. Sterke punten van het IC-framework 2013 zijn het nader invullen van de componenten van internal control door middel van principes en aandachtspunten en de extra aandacht die is besteed aan de betrouwbaarheid van niet-financiële informatie, expertise van toezichthouders, andere organisatievormen, het functioneren in netwerken, uitbesteding van activiteiten aan shared service centers, het toepassen van beloningssystemen, het gebruik van soft controls, het signaleren van frauderisico’s en de toepassing van actuele ICTsystemen. Ook zijn veel kritiekpunten uit de literatuur met betrekking tot het ICframework weggenomen met het geüpdate framework. In de praktijk zal echter moeten blijken in hoeverre organisaties in staat zijn op basis van deze principes te komen tot een efficiënt en effectief functionerend internalcontrolsysteem. Hiervoor is ook een bijdrage vanuit de wetenschap van belang.
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Savage, Arline, Carolyn Strand Norman, and Kathryn A. S. Lancaster. "Using a Movie to Study the COSO Internal Control Framework: An Instructional Case." Journal of Information Systems 22, no. 1 (March 1, 2008): 63–76. http://dx.doi.org/10.2308/jis.2008.22.1.63.
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Following enactment of the Sarbanes-Oxley Act (SOX) of 2002 (U.S. House of Representatives 2002), public accounting firms and publicly traded companies are much more focused on internal controls. Accordingly, many accounting graduates will be asked to evaluate, document, and perhaps test the adequacy of an organization's internal control structure. The Committee of Sponsoring Organizations' (COSO 1992) Internal Control—Integrated Framework is the most widely used tool for this purpose. This instructional case, based on the movie, Rogue Trader, gives students the opportunity to see the consequences of lax corporate governance and weak internal controls at the Barings Bank. Students view the movie and then use the COSO framework to critically analyze the collapse of a well-established financial institution.
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Ayam, Justice Ray Achoanya. "An Analysis of Revenue Cycle Internal Controls in Ghanaian Universities." Case Studies in Business and Management 2, no. 2 (August 9, 2015): 1. http://dx.doi.org/10.5296/csbm.v2i2.7320.
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While corporate organisations in recent years have experienced increasing demands for more effective and efficient internal controls aimed at strengthening and enhancing the reliability of financial statement there exist very little empirical studies focusing on the application of the five components of the COSO control framework in Revenue Cycle Internal Controls in Ghanaian University. The study is relevant in increasing the understanding and evaluating internal control effectiveness of Ghanaian Universities. The purpose of this research paper is to assess the level of effectiveness of the Revenue Cycle Internal Control Systems of Universities in Ghana using the Committee of Sponsoring Organisation of the Treadway commission (COSO) control framework in order to provide the basis for streamlining and improving controls in the Universities in Ghana. The study uses primary data collected through a survey instrument from respondents sampled from Universities and University Colleges. The results indicate that all five components of the COSO framework were in place and functioning effectively. The sampled population consist of Ghanaian Universities only, consequently the research outcome may not necessarily represent all Universities in the world. Only selected Universities and University Colleges in Ghana were included in the research, therefore the findings of this study cannot be attributable to all Higher Educational Institutions in Ghana.
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Khersiat, Ola Muhammad. "The Efficiency of Applying the Internal Control Components Based on COSO Framework to Transparently Carry out Tasks and Services, Ensure Integrity and Enhance Quality and Efficiency: Case Study - The Greater Amman Municipality." International Journal of Financial Research 11, no. 2 (March 16, 2020): 371. http://dx.doi.org/10.5430/ijfr.v11n2p371.
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This study aimed to measure the efficiency of employing the internal control components based on COSO framework to transparently carry out tasks and services, ensure integrity and enhance quality and efficiency, so as to contribute to promoting the adoption of internal control components based on the COSO framework, applying them and analyzing their efficiency in performing tasks transparently, ensuring integrity and enhancing quality and efficiency, particularly with the Amman`s Municipality efforts to create a directorate that operates the internal control while ensuring the integrity of the proceedings, carrying out tasks and services transparently and boosting citizen's confidence in the Greater Amman Municipality resolutions. One of the main findings of the study would be in the fact that the independent study variables represented in the internal audit based on the COSO framework has a highly positive impact in performing tasks transparently to ensure integrity, boost quality and efficiency at the Greater Amman Municipality. Results show that the communications systems component was the most highly applicable, followed by the follow-up and control procedures and activities, whereas the control environment came third, followed by risks and response procedures identification and assessment, and finally came the appropriate follow-up component in the fifth place.
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Gattringer, João Luiz, and Sidnei Vieira Marinho. "O uso do modelo COSO na administração pública: um estudo nos municípios catarinenses." Enfoque: Reflexão Contábil 39, no. 1 (December 26, 2019): 75–95. http://dx.doi.org/10.4025/enfoque.v39i1.44412.
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O objetivo deste estudo foi avaliar os Controles Internos que estão em operação nos municípios Catarinenses para constatar se os componentes e princípios de Controles Internos do modelo COSO Framework 2013, relacionados à eficiência operacional: ambiente de controle, avaliação de risco, atividades de controle, informação e comunicação e monitoramento, estão substancialmente presentes. A pesquisa molda-se à abordagem quantitativa, na estratégia de levantamento survey, de caráter descritivo com corte transversal. Os dados foram coletados por meio de questionário estruturado, com 80 perguntas diretas do tipo Likert de 5 pontos, atingindo todos os responsáveis pelos Controles Internos dos 295 municípios pesquisados, consolidando-se o censo. Avaliou-se a confiabilidade interna das escalas pelo alfa de Cronbach, que apresentou valores acima de 0,7 para todas as variáveis. Para medir as características dos componentes que impactam na eficiência operacional, usou-se a análise descritiva, com cálculo da média e desvio-padrão, agrupados por componentes e princípios do modelo COSO Framework 2013.O resultado da pesquisa evidenciou que os municípios catarinenses, no seu conjunto, utilizam satisfatoriamente os 5 componentes do modelo COSO Framework 2013, contribuindo para a efetividade do Sistema de Controle Interno, considerando que atingiu o índice médio geral de 3,7421. A pesquisa também revelou a necessidade de aprimoramento dos componentes Ambiente de Controle (índice médio de 3,4991) e Informação e Comunicação (índice médio de 3,5454).
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Chiu, Tiffany, and Tawei (David) Wang. "The COSO Framework in Emerging Technology Environments: An Effective In-Class Exercise on Internal Control." Journal of Emerging Technologies in Accounting 16, no. 2 (July 1, 2019): 89–98. http://dx.doi.org/10.2308/jeta-52500.
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ABSTRACT We present an in-class scenario-based exercise by which accounting information systems students learn about the Committee of Sponsoring Organizations of the Treadway Commission (COSO) 2013 Framework. Students are randomly assigned to groups of three to five, and each group receives a list of 17 principles and 17 scenarios. These scenarios are based on emerging technology environments and are designed to illustrate the key ideas in each of the five components. Each group categorizes the principles and scenarios into the five components. For each scenario, students are expected to (1) review the key framework components and principles, (2) understand how each component relates to real-world implementation scenarios, and (3) identify potential internal control weaknesses and risk mitigation. Discussions are video-recorded to evaluate the in-class exercise and fine-tune subsequent exercises. Ultimately, this exercise can help students understand the COSO 2013 Framework in emerging technology environments.
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Dickins, Denise, and Rebecca G. Fay. "COSO 2013: Aligning Internal Controls and Principles." Issues in Accounting Education 32, no. 3 (September 1, 2016): 117–27. http://dx.doi.org/10.2308/iace-51585.
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ABSTRACT Strong systems of internal control over financial reporting (ICFR) are critical to the production of reliable financial statements. Securities and Exchange Commission (SEC) regulations require that companies design, maintain, and regularly evaluate their systems of ICFR, and Auditing Standard No. 5 requires that auditors evaluate companies' systems of ICFR. Therefore, it is necessary for accountants to be able to (1) describe and classify internal controls and (2) determine deficiencies in internal control. Recent reports suggest that accountants may lack sufficient training and guidance in these respects (e.g., Rapoport 2012). This activity provides an opportunity for students to practice these skills while learning more about the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) 2013 Framework. Provided are a summary discussion of ICFR and the COSO 2013 Framework, an outside-of-class reading assignment, and an activity that requires students (independently or in groups, either in or outside of class) to employ critical-thinking skills to: (1) classify (i.e., map) a listing of controls as being aligned with one (or more) of the COSO 2013 Framework's five components and 17 principles that comprise a well-designed system of internal control, and (2) identify any deficiencies (gaps) in design due to missing or inadequate internal controls.
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Iswahyudi and Dwi Prastowo Darminto. "Efektivitas Pengendalian Intern Piutang Usaha dengan Menggunakan Pendekatan COSO." Jurnal Riset Akuntansi & Perpajakan (JRAP) 6, no. 02 (December 31, 2019): 31–44. http://dx.doi.org/10.35838/jrap.2019.006.02.15.
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ABSTRACT
The The purpose of this study was to determine the effectiveness of internal control of receivables at PT. Phar Indonesia is based on five components of COSO, namely the control environment, risk assessment, control activities, information and communication, and monitoring. The analytical method uses descriptive qualitative on the accounts receivable internal control questionnaire which refers to the COSO framework on the components of internal control. (Supported by SPSS Software Version. 24). The results showed that the risk assessment component was less effective, while the environmental control component, the control activity component, the information and communication component, and the monitoring component were effective.
ABSTRAK
Tujuan penelitian ini adalah untuk mengetahui efektivitas pengendalian intern piutang pada PT. Phar Indonesia berdasaarkan lima komponen COSO, yaitu lingkungan pengendalian, penilaian risiko, aktivitas pengendalian, informasi dan komunikasi, dan pemantauan. Metode analisis menggunakan deskriptif kualitatif terhadap kuesioner pengendalian intern piutang usaha yang mengacu pada kerangka kerja COSO pada komponen-komponen pengendalian intern. (Program SPSS Versi. 24). Hasil penelitian menunjukkan bahwa komponen penilaian risiko kurang efektif, sedangkan pengendalian lingkungan intern, pengendalian aktivitas intern, informasi intern dan komunikasi intern, dan pengawasan intern perusahaan semua efektif.
JEL Classification : M10, M41
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Iswahyudi and Dwi Prastowo Darminto. "Efektivitas Pengendalian Intern Piutang Usaha dengan Menggunakan Pendekatan COSO." Jurnal Riset Akuntansi & Perpajakan (JRAP) 6, no. 02 (December 31, 2019): 31–44. http://dx.doi.org/10.35838/jrap.v6i02.1042.
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ABSTRACT
The The purpose of this study was to determine the effectiveness of internal control of receivables at PT. Phar Indonesia is based on five components of COSO, namely the control environment, risk assessment, control activities, information and communication, and monitoring. The analytical method uses descriptive qualitative on the accounts receivable internal control questionnaire which refers to the COSO framework on the components of internal control. (Supported by SPSS Software Version. 24). The results showed that the risk assessment component was less effective, while the environmental control component, the control activity component, the information and communication component, and the monitoring component were effective.
ABSTRAK
Tujuan penelitian ini adalah untuk mengetahui efektivitas pengendalian intern piutang pada PT. Phar Indonesia berdasaarkan lima komponen COSO, yaitu lingkungan pengendalian, penilaian risiko, aktivitas pengendalian, informasi dan komunikasi, dan pemantauan. Metode analisis menggunakan deskriptif kualitatif terhadap kuesioner pengendalian intern piutang usaha yang mengacu pada kerangka kerja COSO pada komponen-komponen pengendalian intern. (Program SPSS Versi. 24). Hasil penelitian menunjukkan bahwa komponen penilaian risiko kurang efektif, sedangkan pengendalian lingkungan intern, pengendalian aktivitas intern, informasi intern dan komunikasi intern, dan pengawasan intern perusahaan semua efektif.
JEL Classification : M10, M41
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Fleak, Sandra K., Keith E. Harrison, and Laurie A. Turner. "Sunshine Center: An Instructional Case Evaluating Internal Controls in a Small Organization." Issues in Accounting Education 25, no. 4 (November 1, 2010): 709–20. http://dx.doi.org/10.2308/iace.2010.25.4.709.
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ABSTRACT: Management and auditors face increased responsibilities to evaluate internal control and assess the risk of fraud. This case provides the opportunity to evaluate internal controls and the possibility of fraud in a very small not-for-profit child care center, a setting that is easy to understand. The first goal of the case is to identify internal control weaknesses by applying the COSO internal control framework in an environment that lacks many aspects of internal control. Interactions among the five components of the COSO framework provide the basis for analyzing internal control. The case requires students to consider possible misappropriation of funds using the fraud triangle. A secondary goal of the case is to introduce financial reporting for a not-for-profit organization as a means of accountability.
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Kim, Sangil, and Jungmin Yoo. "How Does LG Group Embed Enterprise Risk Management (ERM) System In Its Conglomerate Governance To Control Its Affiliated Firms' Risk Events?" Journal of Applied Business Research (JABR) 33, no. 3 (May 2, 2017): 637–52. http://dx.doi.org/10.19030/jabr.v33i3.9952.
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This paper presents a case of enterprise risk management (ERM) embeddedness in LG Group, globalized conglomerate in Korea. Findings are differentiated from prior studies in two aspects. First, this study focuses on how ERM systems minimize the agency costs between conglomerate headquarters and its affiliated firms. Second, cases of diversified twelve affiliated firms find that COSO ERM framework are to be applied adaptively to entities’ inherent or external conditions as industry, age, management level etc. Those findings might be a practical guidance for most Asian business groups to embed ERM frameworks in conglomerate governances, filling gaps between theoretical COSO manual and practical applications.
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Gaines, Victor W., and Karina Kasztelnik. "Personnel Factors of Corporate Internal Auditing on the Contemporary Microeconomics Environment in the United States." Contemporary Economics 15, no. 2 (April 23, 2021): 138–52. http://dx.doi.org/10.5709/ce.1897-9254.440.
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The purpose of this quantitative, correlational research was to examine to what extent the personnel factors of internal auditing departments predict the control environment within the public sector. Using the 2013 COSO Internal Control-Integrated Framework as the theoretical framework, we addressed the extent to which the internal audit staffing size per engagement, professional development, and auditing experience of auditors predict the overall control environment and each of the five components of COSO. The results of six multiple linear regression models showed no statistically significant with the exception between professional development and Principle 4 - Recruitment. A nonparametric Kendall’s tau-b correlation analysis revealed a significant relationship between professional development and Principle 4 Recruitment, τb = 0.388, p = 0.030. The results of this study may contribute to the positive global economy change by bringing into focus the role of auditing and its positive impact on the worldwide public auditing policy.
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Nai Sia, Verissimo. "PENERAPAN MODEL COSO UNTUK PENINGKATAN FUNGSI PENGENDALIAN INTERNAL: STUDI PADA AGENCY ADMINISTRAÇÃO DE AEROPORTO E NAVEGAÇÃO AÉREA DE TIMOR-LESTE." Jurnal Ekonomi dan Bisnis Airlangga 29, no. 2 (September 30, 2020): 142. http://dx.doi.org/10.20473/jeba.v29i22019.142-169.
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Implementation of internal controls is a basic principle for internal/external auditing. Internal control becomes a basic framework to operate effectiveness and efficiency of organization activities. Implementation of the COSO internal control for ANATL agency is to improve the actual system of internal control at Dili airport, and also as requirements from ICAO standards. Requirements of air transport services, such as: (1) increased efficiency, (2) reduce costs, and (3) safety and security. This study tried to find out the implementation and problems of internal control in the agency ANATL, by comparison with the COSO framework.Theories of COSO internal control model stated three groups of the objectives, namely: 1) Effectiveness and efficiency of operations, 2) Reliability of financial reporting, and 3) Compliance with applicable laws and regulations. Achieving the three objectives there are five basic components of internal control system such as: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring.The study was conducted with qualitative methods to verify the theory of proposition 1: If implementation of internal control as a whole, then the performance of agency ANATL will be very good, and proposition 2: Quality of internal control is getting better, the arising of risk could be reduced and fraud preventable.The results had shown that implementation of internal control as framework COSO order in the agency ANATL was very weak. Weakness almost among categories and components of internal control therefore not applied completely. The category of weakness was financing reporting and compliance with laws and regulations. While the components were very weak such as control environment, control activities and monitoring. The proposition 1 is answered: the implementation internal control in agency ANATL is not completed cause poor performance. Poor quality of internal controls or inadequate, then the proposition 2 answered: the poor quality of the internal control will be risk and fraud.
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Suroso, Jarot S. "Implementation of COSO ERM as Security Control Framework in Cloud Service Provider." Journal of Advanced Management Science 5, no. 4 (2017): 322–26. http://dx.doi.org/10.18178/joams.5.4.322-326.
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Williamson, Dermot. "The COSO ERM framework: a critique from systems theory of management control." International Journal of Risk Assessment and Management 7, no. 8 (2007): 1089. http://dx.doi.org/10.1504/ijram.2007.015296.
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Syahputra, Faiz, and Imelda Suardi. "CONTROL AND ACCOUNTING INFORMATION SYSTEM USING COSO ERM IN PT. EMII." Emerging Markets : Business and Management Studies Journal 5, no. 1 (October 10, 2018): 49–63. http://dx.doi.org/10.33555/ijembm.v5i1.55.
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The use of accounting information system effects the implementation of internal control. COSO ERM method is now the most widely accepted internal control framework in the world and used as the basis for this research. The case study was conducted in a medical equipment distributor that has implemented accounting information system for their financial reporting. The focus is on its process, threats, and controls using interview and questionnaire to the employess. This research proposed new procedures for both revenue and expenditure cycles and suggested activites for better internal control. The result showed that the company has implemented good internal control in almost all COSO ERM measurement, except for information and communication aspect.
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Dangi, Mohamad Ridhuan Mat, Anuar Nawawi, and Ahmad Saiful Azlin Puteh Salin. "Application of COSO framework in whistle-blowing activities of public higher-learning institutions." International Journal of Law and Management 62, no. 2 (April 9, 2020): 193–211. http://dx.doi.org/10.1108/ijlma-06-2017-0145.
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Purpose The purpose of this study is to determine whether higher-learning institutions have sufficient internal controls to manage whistle-blowing or similar means when encountering repetitive complaints requiring similar corrective actions. This study attempts to classify complaints as per categories, criteria and components of the COSO framework using a checklist called self-assessment checklist of internal control kits so that complaint activities can be efficiently and effectively managed. Design/methodology/approach As a case study, one public university in Malaysia was selected, and 740 complaints were examined over a four-year period. Two methods of data collection, namely, document analysis and interviews, were used. Findings This study found no internal controls established to oversee the complaints that were received. Hence, repetitive complaints were received for similar areas and functions over a period. The application of COSO framework on complaints and whistle-blowing activities, however, led to more organised and visible problems; therefore, effective corrective and preventive action may be conducted. Research limitations/implications This study was conducted on only one organisation with several series of interviews and limited period of document analysis because of privacy and confidentiality of the information. Future research should collect and analyze data from a higher number of organisations with more respondents for interviews and a longer period for document analysis to obtain more accurate results. Practical implications This study provides further evidence on the suitability of COSO framework for different types of organisations, either public or private, and has been successfully adopted globally. It is effective not only to manage the operation and financial matters but also to manage complaints and whistle-blowing activities in organisations. Originality/value This study is original because it focuses on the current practices of internal control in government entities, particularly for organisations that operate as higher-learning institutions, which is scarce in the literature. In addition, this study analysed the drawbacks of internal control systems, especially in dealing with whistle-blower reports and complaints by referring to the list of complaints made by their stakeholders.
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Savage, Arline, Carolyn Strand Norman, and Kathryn A. S. Lancaster. "Using a Movie to Study the COSO Internal Control Framework: An Instructional Case." Journal of Information Systems 22, no. 1 (2008): 17. http://dx.doi.org/10.2308/tnis.2008.22.1.17.
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Vizainiyah, Novi. "ANALISIS PENGENDALIAN INTERN ATAS PIUTANG PADA PT. BPR RAJEKWESI SUMBERREJO BOJONEGORO." J-MACC : Journal of Management and Accounting 3, no. 1 (April 30, 2020): 26–37. http://dx.doi.org/10.52166/j-macc.v3i1.2380.
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Internal control is a framework that consists of components that are interrelated in conducting its activities in order to control the running of the company and to secure the company's assets, to make regulations on the policy to be followed by management. The analysis used in this research is to use the concept of internal control COSO models. The purpose of this study was to determine whether the application of internal control of accounts receivable at PT. BPR Rajekwesi Sumberrejo been effective. The location of the research at Jl. Raya Sumberrejo No. 105, Sumberrejo, Bojonegoro. PT. BPR Rajekwesi Sumberrejo a regional-owned enterprises engaged in receiving deposits in the form of loans, deposits, savings, and / or other forms. So it has a very large amount of accounts receivable. This study uses a quantitative descriptive test the internal control receivable refers to the COSO framework on the components of internal control. The results of this study showed that overall internal control of receivables is effective, can be seen in the total calculation that shows the value of 903 (located between the interval 815-1007), where management has been applying the concepts and principles of internal control.
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Fourie, Houdini, and Christo Ackermann. "The impact of COSO control components on internal control effectiveness: An internal audit perspective." Journal of Economic and Financial Sciences 6, no. 2 (July 31, 2013): 495–518. http://dx.doi.org/10.4102/jef.v6i2.272.
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Boards of directors have the ultimate responsibility for governance – including internal control – in their organisations. Management is tasked with the design, implementation and maintenance of internal control systems. Internal auditors play a key role in independently evaluating these controls, acting as agents on behalf of the board of directors in order to mitigate the possibility of management not acting in the best interest of the organization, leaving gaps in the internal control system, and, in some instances, doing so in order to enable unlawful personal gain. The Committee of Sponsoring Organisations’ Integrated Framework for Internal Control (hereafter referred to as the COSO framework) is used as a recognised framework, which, if implemented, could result in an effective internal control system and served as the basis for the design of the research instrument of the research. The questionnaire was distributed to internal audit practitioners. Responses were obtained from 31 participants from the Eastern Cape and Western Cape regions in South Africa. The majority of the participants provide internal audit services to the local government sphere of the South African government. This article identifies which characteristics should exist in an organization’s control system that, in the opinion of internal auditors, improve the effectiveness of the internal control system. This study concludes that internal auditors are of the opinion that control characteristics as outlined in the COSO framework for ‘risk assessment’, ‘information and communication’, ‘control activities’ and ‘monitoring’ components of internal control, do contribute to an effective internal control system.
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周, 清松. "Analysis of Chinese Infrastructure PPP Project Risk Management—Based on the COSO-ERM Framework." Advances in Social Sciences 05, no. 01 (2016): 113–22. http://dx.doi.org/10.12677/ass.2016.51017.
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Klotz, Michael. "Internes Kontrollsystem (IKS)." Der Betriebswirt: Volume 58, Issue 2 58, no. 2 (June 30, 2017): 17–21. http://dx.doi.org/10.3790/dbw.58.2.17.
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Interne Kontrollsysteme (IKS) bilden heute ein wesentliches Element der Unternehmensüberwachung. Während sie in der Vergangenheit nahezu ausschließlich die Erfüllung rechnungslegungsbezogener Anforderungen sicherstellten, sollten IKS heute zunehmend weitere Ziele der Compliance und der Betrugsprävention erfüllen. Für die grundlegende strukturelle Ausgestaltung eines IKS steht mit COSO I „Internal Controls – Integrated Framework“ ein weltweit genutzter Standard zur Verfügung. Die Konzeption eines IKS im Detail sollte sich an den Unternehmensprozessen orientieren. Dieser Ansatz zeitigt verschiedene Vorteile. Durch einen prozessorientierten Überblick gelangen die Beteiligten nicht nur zu einem gemeinsamen IKS-Verständnis und einer Transparenz bezüglich des Zusammenwirkens der verschiedenen Überwachungsmaßnahmen, sondern es wird auch eine Weiterentwicklung des IKS durch eine kontinuierliche Prozessverbesserung sichergestellt und die Komplexität aus der Verbindung von Zielen, Prozessen, Risiken und zugehörigen Überwachungsmaßnahmen handhabbar gemacht. Nowadays, systems of internal control form an essential part of corporate monitoring. In the past, internal control focused predominantly on financial accounting. Today, this element is extended by goals of compliance and fraud prevention. The globally used standard COSO I „Internal Controls – Integrated Framework“ can serve as a basis for the overall design and implementation of an effective system of internal control. However, the detailed design of internal control systems should be customized to map the company’s business processes. This approach brings several benefits. All involved parties will be able to develop a common understanding of internal control. A process-oriented overview will provide transparency concerning the interaction of different control and surveillance measures. Additionally, the continuous improvement of processes will ensure a continuous refinement of internal control systems. Finally, the process-based approach makes the complex relationships of goals, processes, risks and according control measures manageable. Keywords: wirtschaftskriminalität, unternehmensüberwachung, internes kontrollsystem, idw ps 261 n f, coso, compliance
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Zorlu, Yunus, Doğan Erbahar, Ahmet Çetinkaya, Aysun Bulut, Turan S. Erkal, A. Ozgur Yazaydin, Jens Beckmann, and Gündoğ Yücesan. "A cobalt arylphosphonate MOF – superior stability, sorption and magnetism." Chemical Communications 55, no. 21 (2019): 3053–56. http://dx.doi.org/10.1039/c8cc09655d.
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We report a novel metal organic framework (MOF) based on a cobalt arylphosphonate, namely, [Co2(H4-MTPPA)]·3NMP·H2O (1·3NMP·H2O), which was prepared solvothermically from the tetrahedral linker tetraphenylmethane tetrakis-4-phosphonic acid (H8-MTPPA) and CoSO4·7H2O in N-methyl-2-pyrrolidone (NMP).
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Nguen, Thi Ha Mi. "Application of COSO and COBIT Frameworks for the Purpose of Organization of Internal Control." Auditor 7, no. 5 (June 15, 2021): 15–23. http://dx.doi.org/10.12737/1998-0701-2021-7-5-15-23.
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This article analyzes the relevance of this framework for the purposes of organizing internal control and proposes a scheme for integrating COBIT and COSO frameworks: the theses of these two frameworks are interconnected through the concepts of «process» and «information fl ows». The article also considers the application of the integrated concept in the context of the implementation of the principles of sustainable development in the activities of the organization.
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Qian, Jing, Kerry Ward, and Jennifer Blaskovich. "Integrating IT Frameworks into the AIS Course." AIS Educator Journal 7, no. 1 (January 1, 2012): 1–26. http://dx.doi.org/10.3194/1935-8156-7.1.1.
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ABSTRACT The contemporary business and regulatory environment dictate that accountants develop greater expertise in information technology, particularly in its risk and control aspects. Several approaches exist to assist with these aspects of information technology, with the primary ones being COSO ERM, COBIT, ITIL, and the ISMS family of standards, each developed by different groups with different objectives. While accounting students likely receive training in COSO ERM and COBIT, exposure to ITIL and the ISMS family is less common. This paper is motivated from the view that all four approaches are vital to the accountant's professional toolbox and should be incorporated into the AIS course. In this paper, we provide AIS instructors with a concise overview of the four approaches and offer an integrated framework that can guide teaching plans. We discuss how the approaches should not be viewed as separate and redundant bureaucratic models, but as complementary approaches that help an organization manage risks and controls.
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Rubino, Michele, and Filippo Vitolla. "Internal control over financial reporting: opportunities using the COBIT framework." Managerial Auditing Journal 29, no. 8 (August 26, 2014): 736–71. http://dx.doi.org/10.1108/maj-03-2014-1016.
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Purpose – The purpose of this paper is to analyze how the COBIT framework, integrated within the internal control framework, enables improvement in the quality of financial reporting while helping to reduce or eliminate the material weaknesses (MWs) of internal control over financial reporting (ICFR). The Control Objectives for Information and Related Technology (COBIT) model is a framework for information technology (IT) management and IT governance. It is a supporting toolset that allows managers to bridge the gap between control requirements, technical issues and business risks. Preliminarily, the analysis in this paper illustrates how the Committee of Sponsoring Organizations (COSO) framework impacts on the MWs, highlighting strengths and weaknesses. This paper shows how these limits can be overcome with the use of the COBIT framework. Design/methodology/approach – This is a conceptual paper that aims to highlight the relationship between COBIT and COSO, by illustrating how the IT processes reduce or eliminate the main MW categories. Findings – The analysis indicates that the implementation of the COBIT framework, or more generally the adoption of effective IT controls, provides important benefits to the entire company or organization. IT control objectives have a direct impact on the IT control weaknesses and indirectly on the other categories of material weaknesses. Practical implications – The adoption of the framework allows managers to implement effective ICFR. In particular, the COBIT approach provides managers with a more evolved tool in terms of compliance with the Sarbanes–Oxley Act requirements. This framework also improves the reliability of financial reporting in relation to the requirements of Public Company Accounting Oversight Board’s Auditing Standards No. 2 and 5. Originality/value – The analysis provides an interdisciplinary approach, connecting accounting and information systems themes, and suggest solutions and tools than can help managers to address the internal control weaknesses. This paper addresses an area of relevance to both practitioners and academics and expands existing accounting literature.
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Akinleye, Gideon Tayo, and Adebola Daniel Kolawole. "Internal Controls and Performance of Selected Tertiary Institutions in Ekiti State: A Committee of Sponsoring Organisations (COSO) Framework Approach." International Journal of Financial Research 11, no. 1 (October 10, 2019): 405. http://dx.doi.org/10.5430/ijfr.v11n1p405.
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This study examined the effect of internal controls on performance of selected tertiary institutions in Ekiti state using a committee of sponsoring organisations (COSO) framework approach. The study employed a survey research design. Primary data were obtained and analysed using multiple regression analysis. Findings from the study showed that the overall influence of COSO components of internal control on performance of selected tertiary institutions in Ekiti state was significantly positive. However, Control activities (CA) (t =2.487, p=0.013 <0.05), Information & communication (IFC) (t=7.195, p=0.000 < 0.05) and Monitoring activities (MA) (t=4.809, p=0.000 < 0.05) had significant and positive influence on organisational performance of the selected tertiary institutions while Control environment (CE) (t =0.569, p=0.570 > 0.05) and Risk assessment (RA) (t=0.446, p=0.656 > 0.05) had positive but insignificant effect on organisational performance of the selected tertiary institutions. The study concluded that internal control had a positive effect on performance and was statistically significant in explaining performance of selected tertiary institutions in Ekiti state. The study thus recommended that those charged with governance in tertiary institutions should strengthen the highlighted components of internal controls.
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Ma, Junhai, and Chunyong Ma. "Factor Analysis Based On The COSO Framework And The Goverment Audit Performance Of Control Theory." Procedia Engineering 15 (2011): 5584–89. http://dx.doi.org/10.1016/j.proeng.2011.08.1036.
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Marcelina Hadi Prayitno, Chyntia, and Galuh Budi Astuti. "Evaluasi Sistem Pengendalian Internal Dan Rekomendasi Yang Tepat Terhadap Penerimaan Dan Pengeluaran Kas Pada Hotel XYZ Dengan Metode Coso Framework." Akubis: Jurnal Akuntansi dan Bisnis 3, no. 02 (December 3, 2018): 34–45. http://dx.doi.org/10.37832/akubis.v3i02.45.
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Penelitian ini dilakukan dengan tujuan untuk mengetahui efektivitas sistem pengendalian internal terhadap penerimaan dan pengeluaran kas pada Hotel XYZ Malang dan rekomendasi yang tepat dengan menggunakan metode COSO framework. Jenis penelitian yang digunakan adalah deskriptif kualitatif dengan metode pengumpulan data melalui observasi, wawancara dan dokumentasi. Berdasarkan hasil evaluasi yang telah dilakukan, pengendalian internal terhadap sistem penerimaan dan pengeluaran kas pada Hotel XYZ Malang kurang efektif karena perusahaan masih belum memenuhi beberapa komponen COSO antara lain lingkungan pengendalian, aktivitas pengendalian, pengawasan kinerja. Akibat dari permasalahan tersebut memungkinkan terjadi ketidakjelasan kedudukan dan koordinasi oleh posisi yang tidak tercantum, karyawan tidak mengerti tugas dan tanggung jawab secara jelas dan terperinci, departemen front office tidak memiliki dokumen guest folio sebagai arsip, terjadi kecurangan, manipulasi dan penggelapan aset perusahaan oleh karyawan yang tidak bertanggungjawab, tidak ada pertanggungjawaban oleh pihak manajemen kepada owner, tidak ada kepastian dan penilaian kinerja setiap karyawan berjalan sesuai dengan tujuan perusahaan, fungsi purchasing tidak memiliki dokumen advance form sebagai arsip. Perusahaan perlu melakukan perbaikan struktur organisasi, membagikan job description secara tertulis, menambah dokumen pada departemen front office, melakukan pemisahan dan penambahan karyawan, mengadakan otorisasi terhadap laporan keuangan, mengisi posisi general manager dan general secretary yang kosong, memperbaiki sistem dan prosedur pengeluaran kas melalui dana kas kecil
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Kasztelnik, Karina, and Victor W. Gaines. "Correlational Study: Internal Auditing and Management Control Environment Innovation within Public Sector in the United States." Financial Markets, Institutions and Risks 3, no. 4 (2019): 5–15. http://dx.doi.org/10.21272/fmir.3(4).5-15.2019.
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This article is about exploring the relationship between internal human resources auditing and environmental control in the US public sector. The main purpose of this study was to examine the extent to which the determinants of internal audit staff have the potential to influence the predictive value of the public sector control environment. The tools of the work are presented by a quantitative correlation analysis to determine the interdependence of variables (aspects of recruitment, accountability) and resultant indicator (public sector environment). By systematizing literary sources and approaches to solving the problem, as well as using the COSO 2013 Internal Control Framework as a theoretical framework, the authors focus on the question of how much internal audit recruitment, and accountability experience can influence in the foreseeable future and each of the two major COSO components. The empirical analysis was presented in the research, which made it possible to substantiate the following conclusions: the results of two multiple linear regression models did not show statistically significant except for recruitment, nonparametric correlation of Kendall’s Tau-b correlation is allowed to identify significant interrelationships development. The findings of the study may be useful for implementing further transformational changes in the functioning of the global economy in the context of the growing role and importance of international audit and its positive impact on the public sector in the United States. Keywords: Internal Auditing, Personnel Factors, Control Environment, Management, Innovation.
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Arfamaini, Revi. "PERAN PENGAWAS DALAM MENERAPKAN PENGENDALIAN INTERN PEMBERIAN KREDIT PADA GABUNGAN KOPERASI PEGAWAI REPUBLIK INDONESIA JAWA TIMUR." Jurnal Ekonomi dan Bisnis Airlangga 29, no. 2 (September 30, 2020): 132. http://dx.doi.org/10.20473/jeba.v29i22019.132-141.
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Introduction: Implementation of internal control is one of theorganization's efforts must be made to improve the effectiveness of its operations. How to implement internal control is to implement an integrated framework published by COSO in 1992. Internal control not only on the organization, credit unions must implement internal control. This is because credit unions have an activity in the form of lending on credit to members. Lending on credit can lead to an unsuccessfuluncollectible receivables that have threats that can cause harm. Threatsinclude non-performing loans, human error and fraud. Internal controls will be run in accordance with the plan, if the controller cooperativesperform functions as an internal auditor to evaluate and provide recommendations on the implementation of internal controlimprovements that have been running on credit unions. Thus, the purpose of this study was to determine the role of the controller as afunction of the internal auditor in the application of internal control ofcredit on GKPRI JATIM.Methods: The method used is the method of participation observationto determine the application of internal control GKPRI JATIM. Furthermore, assessment of internal control so as to know GKPRI JATIMcontroller role as internal auditor function components based control framework published by COSO in 1992.Results: As a result, controllers should consider several things that madecooperative organizational structure, procedures and policies areimplemented cooperative lending, risk mapping and assessment of allcredit control activities undertaken management to be able to detectproblems that emerge early on.Conclusion and suggestion: Thus, internal control can be run effectively.
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Pamungkas, Restu Putri, and Istutik Istutik. "PENGARUH EFEKTIVITAS PENGENDALIAN INTERN, ASIMETRI INFORMASI DAN KESESUAIAN KOMPENSASI TERHADAP KECENDERUNGAN KECURANGAN AKUNTANSI (Studi Empiris Kantor Pusat Bank Perkreditan Rakyat Di Kota dan Kabupaten Malang)." Adbis: Jurnal Administrasi dan Bisnis 13, no. 1 (October 14, 2019): 11. http://dx.doi.org/10.33795/j-adbis.v13i1.60.
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The research aims to examine the effect of the effectiveness of internal control on trends in accounting fraud, examine the effect of information asymmetry on trends in accounting fraud, examine the effect of compensation appropriateness on accounting fraud trends.
Qualitative research was carried out through in-depth surveys and interviews with the management of Islamic banks in Malang, customers, and academics about the need for an internal control system that is in accordance with the characteristics of Islamic banks. The development of an internal control system using the COSO (Committee of Sponsoring Organizations of The Treadway Commissions) framework was adopted and adapted to the characteristics of Islamic banks.
The results of the study offer a model of an Islamic bank's internal control system through five components of the COSO, namely (1) the control environment, (2) risk assessment, (3) control activities, (4) information and communication, and (5) monitoring that will benefit banks sharia to achieve strategic and operational goals, accuracy of financial reporting, and compliance with applicable policies and laws. Thus it will be able to help eliminate risks so that the performance of profit-sharing based financing can also be improved
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Grace, Elizabeth V., and Ashley Davis. "Who's in Control of the Ark? A Study of Internal Controls in Operating and Auditing A Small Preschool." Issues in Accounting Education 34, no. 2 (January 1, 2019): 23–39. http://dx.doi.org/10.2308/iace-52375.
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ABSTRACT This instructional case encourages analytical thinking about internal controls in both the operations and audit of a small, not-for-profit organization. Students examine a control environment characterized by unauthorized expenditures, lack of documentation, and missing documents. Using the COSO (2013) framework, students demonstrate understanding of business processes as they identify internal control risks and deficiencies, and recommend control improvements. Auditing students additionally apply management assertions about financial transactions and assess auditor independence. Students gain practical experience in developing flowcharts of accounting processes and writing a management letter for a familiar organization: a preschool.