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1
Hermanson, Dana R., Jason L. Smith, and Nathaniel M. Stephens. "How Effective are Organizations' Internal Controls? Insights into Specific Internal Control Elements." Current Issues in Auditing 6, no. 1 (2012): A31—A50. http://dx.doi.org/10.2308/ciia-50146.
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SUMMARY Based on survey responses from approximately 500 Chief Audit Executives (CAEs) and other internal auditors, this article provides an insider's view of the perceived strength of organizations' internal controls (i.e., internal control over financial reporting) in the Control Environment, Risk Assessment, and Monitoring components of the Committee of Sponsoring Organizations' (COSO 1992a) Internal Control—Integrated Framework. Although the respondents largely rate control strength as relatively high, we identify several areas for potential improvement of internal controls, especially related to assessing the “tone at the top,” as well as following up on deviations from policy and management override of controls. In analyzing individual control elements, we find that public companies' controls are consistently rated as more effective than those of other organizations. We also find a number of interesting differences across key industries, especially in the Monitoring component, where banks and other financial services firms appear to have more robust Monitoring controls than do healthcare and other services firms. The component-level analysis reveals that internal control component strength is positively related to the CAE reporting primarily to the audit committee, public company status, and the average tenure of the internal audit function staff, among other findings. Based on the survey findings, we describe key implications relevant to internal and external auditors, accounting researchers and educators, and management.
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Aksoy, Tamer, and Abdullai Mohammed. "Assessing bank’s internal control effectiveness." International Journal of Research in Business and Social Science (2147- 4478) 9, no. 4 (2020): 196–206. http://dx.doi.org/10.20525/ijrbs.v9i4.743.
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This paper aims to evaluate the effectiveness of Ghanaian listed banks using COSO’s IC framework. Only Control environment, Risk assessment, and Monitoring activities components of the framework considered for this study. Methodologically, out of the 60 questionnaires, surveys distributed to the banks 37 copies received representing a 61.7% response rate. Statistic Package for Social Sciences (SPSS) v25 used to analyze data by running among other reliability tests, tests of normality, and descriptive statistics. The results of means and standard deviations gained ascertained that; strong controls existed in the control environment, risk assessment, and monitoring activities of internal control of the Ghanaian listed banks. A risk assessment had a low average mean compared to the control environment and monitoring activities. Because banks operate under higher risk than any other financial institution, we propose that Ghanaian listed banks should increase investment in risk assessment.
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Ery Herliana and Cris Kuntadi. "Influence of Internal Audit, Information & Communication, and Monitoring of Internal Control Performance." Dinasti International Journal of Education Management And Social Science 4, no. 3 (2023): 374–85. http://dx.doi.org/10.31933/dijemss.v4i3.1676.
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Weak internal controls can cause fraud in the organization or company. This causes need for internal control performance which is influenced by several factors to minimize the risk of loss by fraud. This research is aim to know the effect of internal audit, information & communication, and monitoring on internal control performance. The research method used a qualitative method and literature review or library research. The results of this literature review article are: 1) Internal audit has an effect on internal control performance; 2) Information & communication affects the performance of internal control; and 3) Monitoring affects the performance of internal control.
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Nikiforenko, Evgeny S. "INTERNAL TAX CONTROL FOR TAX MONITORING PURPOSES." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 3, no. 11 (2021): 195–200. http://dx.doi.org/10.36871/ek.up.p.r.2021.11.03.031.
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Internal tax control is not only an effective way to manage the tax function of an organization, but also a prerequisite for the transition of organizations to a tax monitoring system. For the purposes of joining the new system, organizations must have a well-configured internal control system, which has all the neces-sary elements for monitoring, identifying and minimizing emerging tax risks. In the scientific article, the author considers the basic requirements for organizations when switching to tax monitoring, as well as the procedure for setting up internal tax control. The advantages of the tax monitoring system in comparison with the classical forms of control measures are considered. The author defines the main tasks of internal tax control with the allocation of the functional dependence of each center of responsibility within the framework of vertical ac-countability. Among other things, the criteria for assessing the "maturity" of internal control are defined, which is an important indicator and determines the volume of documents to be provided at the request of the super-visory authority. Based on the results of the study, the author draws conclusions about the necessary stages of interaction with regulatory authorities, about the procedure for the functioning of internal control, about the advantages received by organizations when using the new regime, about the potential to increase the effec-tiveness of the tax function of the organization.
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Liu, Chunli, Bin Lin, and Wei Shu. "Employee quality, monitoring environment and internal control." China Journal of Accounting Research 10, no. 1 (2017): 51–70. http://dx.doi.org/10.1016/j.cjar.2016.12.002.
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КОЗЛОВА, Т. В., Н. А. КОЗЛОВА, and И. М. КУЗНЕЦОВА. "INTERNAL CONTROL SYSTEM IN MANAGEMENT REPORTING." Экономика и предпринимательство, no. 7(156) (September 20, 2023): 975–78. http://dx.doi.org/10.34925/eip.2023.156.7.171.
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В статье представлены результаты научного исследования, направленного на создание и поддержание системы внутреннего контроля управленческого учета, в том числе предлагается и описывается использование мониторинга управленческого отчета, цель и объекты этого мониторинга, а также характеристики информации, содержащейся в управленческом отчете и подлежащей мониторингу. The article presents the results of a scientific study aimed at creating and maintaining an internal control system of management accounting, including the proposed and described use of management report monitoring, the purpose and objects of this monitoring, as well as the characteristics of the information contained in the management report and subject to monitoring.
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Ayagre, Philip, Ishmael Appiah-Gyamerah, and Joseph Nartey. "The Effectiveness of Internal Control Systems of Banks. The Case of Ghanaian Banks." International Journal of Accounting and Financial Reporting 4, no. 2 (2014): 377. http://dx.doi.org/10.5296/ijafr.v4i2.6432.
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This study evaluated the control environment and monitoring activities components of Internal Control Systems of Ghanaian Banks using COSO’s principles and attributes of assessing the effectiveness of internal control systems. A five point Likert scale was used to measure respondent’s knowledge and perception of internal controls and the bank’s internal control system effectiveness. Responses ranged from strongly disagree to strongly agree, where 1 represented strongly disagree (SD) and 5 represented strongly agree (SA). Statistical Package for Social Sciences (SPSS) was used to analyse data and presented in the form of means and standard deviations for each question and each section of the questionnaire. The study found out that, strong controls exist in the control environment and monitoring activities components of the internal control systems of banks in Ghana. The two components were highly rated by respondents with average means of 4.72 and 4.66 respectively. The study recommended that boards of banks in Ghana should not be complacent about the findings but should work hard to ensure continuous ongoing and separate internal control monitoring to ascertain that controls really exist and are functioning properly.
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Eton, Marus, Fabian Mwosi, and Bernard Patrick Ogwel. "Are internal controls important in financial accountability? (Evidence from Lira District Local Government, Uganda)." International Journal of Financial, Accounting, and Management 3, no. 4 (2022): 359–72. http://dx.doi.org/10.35912/ijfam.v3i4.810.
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Abstract: Purpose: The study examined the importance of internal control systems in financial accountability in Lira District Local Government, Uganda. Specifically, the study determined the importance of control activities, control environment, and monitoring of controls on financial accountability. Research methodology: A correlational design to establish the relationships between internal control systems and financial accountability, and regression analysis to explain the importance of internal controls on financial accountability were adopted. Results: Internal control systems account for 55.4% of the variations in financial accountability. Specifically, control environment and monitoring controls bear significant effects on financial accountability while control activities do not. Contribution: This is one of the original studies to assess Lira District Local Government. The study validates the contingent theory and extends its application in public administration. Limitations: The input of stakeholders from the community was ignored. Future researchers should consider investigating the role of community participation on the performance of district local governments in Uganda. Keywords: 1. Control activities 2. Control environment 3. Financial accountability 4. Internal control 5. Monitoring of activities
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Masli, Adi, Gary F. Peters, Vernon J. Richardson, and Juan Manuel Sanchez. "Examining the Potential Benefits of Internal Control Monitoring Technology." Accounting Review 85, no. 3 (2010): 1001–34. http://dx.doi.org/10.2308/accr.2010.85.3.1001.
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ABSTRACT: We analyze the potential benefits that firms can realize from implementing technology specifically aimed at monitoring the effectiveness of their internal control systems. The Committee of Sponsoring Organizations of the Treadway Commission asserts that effective internal control monitoring should enhance the efficiency of internal control processes, and, in turn, the assurance over such processes (COSO 2009a). We develop hypotheses to test the realization of these potential benefits. Specifically, we identify a sample of firms that implemented internal control monitoring technology in response to the internal control requirements of the Sarbanes-Oxley Act. Consistent with our hypotheses, we document that the implementation of internal control monitoring technology is associated with lower likelihood of material weaknesses, smaller increases in audit fees, and smaller increases in audit delays during the post-SOX time period. We discuss the potential implications of our findings for research related to continuous monitoring, client-provided assurance assistance, and information technology governance.
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Rizkyan Dewi, Diah. "Analysis of internal control monitoring for tax management inefficiencies." Keynesia : International Journal of Economy and Business 2, no. 1 (2023): 35–40. http://dx.doi.org/10.55904/keynesia.v2i1.682.
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Tax payment efficiency results from the company's success in tax management. Efficiency or inefficiency occurs in the estuary of a series of procedures that constitute the internal control process within the company. Tax Control is a form of supervisory action whether the implementation or implementation is following the company's planning. The action referred to here is a series of procedures carried out for supervision. So internal control is attached to tax control to create efficiency. This research focuses on the strength or weakness of internal control over the implementation of tax obligations, especially on VAT of PT CTA. This research is a follow-up research from previous research that assesses the efficiency of VAT payments at PT CTA. This study analyzes the internal control of the company's VAT management. The analysis results show the company's internal control weakness using the COSO internal control measurement tool in managing VAT. Strong internal control will be able to minimize the potential for tax costs or minimize inefficiencies in tax payments.
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Harp, Nancy L., and Beau Grant Barnes. "Internal Control Weaknesses and Acquisition Performance." Accounting Review 93, no. 1 (2017): 235–58. http://dx.doi.org/10.2308/accr-51780.
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ABSTRACT This study examines internal control weaknesses (ICWs) reported under Sarbanes-Oxley (SOX) Section 302 in the context of mergers and acquisitions. We predict that problems in an acquirer's internal control environment have adverse operational implications for acquisition performance. We argue that acquirers with low-quality internal information needed to select profitable acquisitions will make poorer acquisition decisions. We also argue that ICWs impede effective monitoring and are likely to hinder integration tasks that are important to acquisition profitability. We find that ICWs disclosed prior to an acquisition announcement predict significantly lower post-acquisition operating performance and abnormal stock returns. Poorer post-acquisition performance is concentrated in ICWs that are expected to impede acquisition activities (i.e., forecasting/valuation, monitoring, and integration). Our findings contribute to the literature linking ineffective internal control over financial reporting to negative operational outcomes. We also contribute to the SOX cost-benefit debate by documenting a previously unidentified benefit of ICW disclosures.
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Дмитриева and I. Dmitrieva. "Financial monitoring in the internal control system in companies." Auditor 1, no. 10 (2015): 38–41. http://dx.doi.org/10.12737/14188.
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The article covers the issues of organization of financial monitoring as an instrument of realisation of the internal control system in companies, as well as main directions of internal control of production and sales processes, privity of contract observance with counteragents.
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Dhaliwal, Dan, Chris Hogan, Robert Trezevant, and Michael Wilkins. "Internal Control Disclosures, Monitoring, and the Cost of Debt." Accounting Review 86, no. 4 (2011): 1131–56. http://dx.doi.org/10.2308/accr-10043.
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ABSTRACT We test the relationship between the change in a firm's cost of debt and the disclosure of a material weakness in an initial Section 404 report. We find that, on average, a firm's credit spread on its publicly traded debt marginally increases if it discloses a material weakness. We also examine the impact of monitoring by credit rating agencies and/or banks on this result and find that the result is more pronounced for firms that are not monitored. Additional analysis indicates that the effect of bank monitoring appears to be the primary driver of these monitoring results. This finding is consistent with the argument that banks are effective delegated monitors for the debt market. The results of this study suggest the need for future research, particularly to test the differential effects of monitoring on the cost of debt compared to the cost of equity.
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Larson, Michael J., Peter E. Clayson, and Scott A. Baldwin. "Performance monitoring following conflict: Internal adjustments in cognitive control?" Neuropsychologia 50, no. 3 (2012): 426–33. http://dx.doi.org/10.1016/j.neuropsychologia.2011.12.021.
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De Baerdemaeker, Josse, Pál T. Jancsók, Jeroen Lammertyn, and Bart Nicolai. "Monitoring and Control of the Internal Quality of Pears." IFAC Proceedings Volumes 34, no. 28 (2001): 1–8. http://dx.doi.org/10.1016/s1474-6670(17)32817-3.
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Olorunniwo, O. E., and B. I. Imasogie. "Internal Corrosion Monitoring and Control in Sour Gas Systems." Materials Performance 44, no. 8 (2005): 36–39. https://doi.org/10.5006/mp2005_44_8-36.
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The corrosiveness of the gas stream, its attendant effect on operations and the economy, and the hazard to personnel and the general public in the event of a failure make it necessary to ensure the highest possible degree of corrosion control in sour/acid gas facilities. This article discusses the causes, mechanisms, and severity of corrosion in sour gas systems and some of the current methods of corrosion monitoring and control in gas production facilities and utilities in Nigeria.
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Berard, Lori D., Rick Siemens, and Vincent Woo. "Monitoring Glycemic Control." Canadian Journal of Diabetes 42 (April 2018): S47—S53. http://dx.doi.org/10.1016/j.jcjd.2017.10.007.
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Berard, Lori D., Ian Blumer, Robyn Houlden, David Miller, and Vincent Woo. "Monitoring Glycemic Control." Canadian Journal of Diabetes 37 (April 2013): S35—S39. http://dx.doi.org/10.1016/j.jcjd.2013.01.017.
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Uemura, Hiroshi. "Does Control Self-Assessment Influence Financial Reporting Quality?" International Journal of Management and Humanities 5, no. 4 (2020): 70–76. http://dx.doi.org/10.35940/ijmh.d1199.125420.
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The aim of this study is to examine the effect of control self-assessment (CSA) on financial reporting quality by using CSA as a proxy of monitoring quality. CSA has an important feature that allows the employees themselves to become involved in the assessment of internal controls’ effectiveness. Moreover, CSA has two important monitoring functions. First, it can add value to internal auditing. Second, because all employees of operational units participate in the assessment of internal controls in CSA, that control environment is expected to be mature. The investigation of this study used data from 3,517 Japanese firms listed on the First Section, Second Section, Mothers, and JASDAQ of the Tokyo Stock Exchange. The result of 2SLS regression shows that CSA adoption has a negative relationship with the number of financial restatements and audit fees, and therefore, I conclude that CSA has positive consequences for financial reporting quality. This result indicates that the internal monitoring mechanism that continuously monitors internal control over financial reporting (ICFR) effectiveness and in which all employees participate has some positive effects on financial reporting quality. There are two reasons for this result. First, employees have easier access to negative information concerning ICFR effectiveness than outsiders and can share that information with the internal personnel in charge of monitoring (e.g., internal auditors). Moreover, CSA is expected raise an entity’s awareness of ICFR, that is, the control environment of ICFR components is made into an environment that prevents and detects impropriety in the accounting process.
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Maria Ivonista, Maria Nona Dince, and Pipiet Niken Aurelia. "Pengaruh Efektivitas Pengendalian Internal Terhadap Kinerja Karyawan." Jurnal Akuntan Publik 1, no. 3 (2023): 367–85. https://doi.org/10.59581/jap-widyakarya.v1i3.1047.
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This study aimed to determine the effect of the control environment, risk assessment process, control activities, information and communication, and monitoring on employee performance at PT. Citra Niaga Logistik Maumere branch. The research design used is descriptive quantitative associative. The population in this study were 30 employess of PT. Citra Niaga Logistik Maumere branch. Since the population is limited, this research was conducted by census or saturated sampling. Data were collected through questionnaires and analysed using descriptive and inferential statistical methods, that is multiple linear regression. Hypothesis testing was done through t test and f test. The t test results showed that partially, the control environment variables, risk assessment process, monitoring activities, information and communication, and monitoring have no significant effect on employee performance. In addition, the results of the F test showed that simultaneously, the variables of the control environment, risk assessment process, monitoring activities, information and communication, and monitoring have no significant effect on employee performance.
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Paristu, Amalia Ika. "Sistem Pengendalian Internal Pada Lembaga Amil Zakat (Studi Komparatif Lembaga Amil Zakat Al Azhar Peduli Ummat dan Lembaga Amil Zakat Dompet Dhuafa)." Jurnal Dinamika Akuntansi dan Bisnis 1, no. 2 (2014): 150–68. http://dx.doi.org/10.24815/jdab.v1i2.3585.
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This research analyzed the application elements of the internal control amil zakat institutions. Sample selection methods was judgement sampling while the data analysis method used is descriptive qualitative analysis and comparison. These results indicate that Dompet Dhuafa Amil Zakat Institutions better implement elements of internal control includes the control environment, risk assessment, control activities, information and communication and monitoring.. The research alaso indicated that the internal monitoring Dompet Dhuafa Amil Zakat Institutions requires sufficient human resources and adequate internal control would be held in the specific time.ThThis research analyzed the application elements of the internal control amil zakat institutions. Sample selection methods was judgement sampling while the data analysis method used is descriptive qualitative analysis and comparison. These results indicate that Dompet Dhuafa Amil Zakat Institutions better implement elements of internal control includes the control environment, risk assessment, control activities, information and communication and monitoring.. The research alaso indicated that the internal monitoring Dompet Dhuafa Amil Zakat Institutions requires sufficient human resources and adequate internal control would be held in the specific time.
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Djasuli, Mohamad. "Internal Control Perspective Based on Islamic Worldview." Journal of Auditing, Finance, and Forensic Accounting 9, no. 2 (2021): 24–32. http://dx.doi.org/10.21107/jaffa.v9i2.11992.
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The purpose of the study is to explore and explain the perspective of internal control in the Islamic worldview. This research uses a descriptive qualitative method with Al-Quran and Al-Hadith and related references as research sources. Although the internal control framework model used is based on the COSO framework created in 1985, it has been implemented by Muslim leaders since the era of the Prophet Muhammad until the Abbasid era. The five elements of internal control established by the COSO framework include the control environment, risk assessment, control activities, information and communication, and monitoring. Indicators of control environment elements, researchers recommend adding spirituality and religiosity. The basic element of internal control is the control environment. If the control environment is functioning properly, it will minimize risk, control activities will be carried out simply, information and communication will run smoothly and internal control monitoring can be carried out regularly.
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Muhammed, Bulama, Akwuodo Salihu Aruwa Suleiman, and Adeiza Farouk Musa. "Effect of Internal Control Attributes Practices on Fraud Management in Nigerian Deposit Money Banks." Social Science Journal for Advanced Research 5, no. 1 (2025): 48–60. https://doi.org/10.5281/zenodo.14800273.
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The study examines the effect of internal control attributes (control environment, monitoring and information and communication) on fraud management in Nigerian Deposit Money Banks. With increasing fraud risks and evolving fraud schemes, the role of internal control systems in safeguarding organizational assets, ensuring compliance, and improving operational efficiency is critical. The study adopts a descriptive research design, using a cross-sectional approach to examine how control environment, monitoring, and information communication practices influence fraud management. Findings indicate that monitoring activities play the most significant role in mitigating fraud risks, followed by the control environment and information and communication practices. The results highlight the importance of robust internal controls in fostering organizational resilience against fraud. It is recommended that Banks should invest in automated monitoring systems, senior management should foster a culture of transparency, ethical behavior, accountability and organizations must establish secure and efficient communication channels.
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Berezina, Elena Vladimirovna, Anna Sergeevna Balandina, and Ol'ga Svyatoslavovna Belomyttseva. "Assessment of “maturity” of the taxpayer's internal control system for tax monitoring purposes." Налоги и налогообложение, no. 2 (February 2021): 28–59. http://dx.doi.org/10.7256/2454-065x.2021.2.34422.
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The internal control system is examined as a variety of internal control of an economic entity on the one hand, and as the foundation for transitioning towards tax monitoring on the other. Such approach allows assessing this structure from the perspective of taxpayers, as well as from the standpoint of implementation of public function of tax control. The object of this article is the process of improving internal control system of tax obligations by the taxpayer in the conditions of digitalization of tax administration. The subject of this article is the theoretical aspects of internal control as an administrative function, as well as comparative analysis of the Russian “internal control” system with the classical COSO model. The scientific novelty consists in comprehensive research of the internal control of tax obligations, determination of its essential characteristics,  and assessment of the consequences of formalization of requirements thereof, which led to the conclusion on transformation of the internal control of the taxpayer from the area of reputational merits of the economic entity and internal administration instruments to the subject of public control by tax authorities in tax monitoring processes. It remains to be seen whether state interference in such delicate sphere of activity of an economic entity as internal control is justified. The goal of this research consists in the analysis of the effective requirements of the Federal Tax Service of Russia from the perspective of possibility of their implementation by the particular taxpayers. The article provides the examples of assessment of certain components of the internal control system based on the criteria set by the Federal Tax Service of Russia. The author formulates the definition of control procedure, carries out classification of the aforementioned criteria; develops the examples of effective design of some controls; as well as presents the examples of assessment of IT systems from in the context of extended requirements of the Federal Tax Service of Russia.
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Koo, Ja Eun, and Eun Sun Ki. "Internal Control Personnel’s Experience, Internal Control Weaknesses, and ESG Rating." Sustainability 12, no. 20 (2020): 8645. http://dx.doi.org/10.3390/su12208645.
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Effective internal control is expected to have a positive effect on Environmental, Social, and Governance (ESG) ratings, which are an indicator of corporate sustainability, as it ensures improvements in efficiency and effectiveness in operations, reliable reports, and compliance with applicable laws and regulations. However, no matter how well an internal control system is designed, internal control quality deteriorates if internal control (IC) personnel do not understand the firm’s business or lack accounting experience. This study first explores the relationship between ESG ratings and internal control weaknesses (ICWs). We then examine two types of career experience of IC personnel—length of service and accounting experience—and their effect on ICWs. We conduct logit regression analyses using the data of 1876 non-financial listed firms in Korea. The results show that ICW firms have low ESG ratings. We also find that the accounting experience of IC personnel is more closely related to ICWs than the length of service. This implies that the accounting expertise of IC personnel may have a greater effect on internal control quality than the understanding of a firm’s business. Overall, our findings provide evidence that firms must have IC personnel with sufficient accounting expertise for sustainable management.
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Chamulová, Barbara. "FLAT ROOF MONITORING AND CONTROL." Czech Journal of Civil Engineering 2, no. 2 (2016): 48–53. http://dx.doi.org/10.51704/cjce.2016.vol2.iss2.pp48-53.
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The flat roof is a part of the building envelope, normally located above the last floor of the building. It protects the building from the outside’s complex effects of climate, and the roof also participates in creation of the internal artificial environment. It is one of the key, but also the most critical parts of the building. In addition to proper design, the correct choice of materials and quality of implementation, and maintenance is very important for the operation works. How to maintain and control especially waterproofing layer, which is usually covered by other layers? There are several systems that can be used to monitor a damp-proof membrane. This paper contains methods for monitoring and control, and comparison with the alternative of zero monitoring.
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Anatolii, Loishyn, Grodovskiy Oleksiy, Bondarenko Yuliia, and Volkov Evgeniy. "Improvement of the monitoring process during the functioning of risk-oriented internal control." Political Science and Security Studies Journal 2, no. 3 (2021): 47–54. https://doi.org/10.5281/zenodo.5553047.
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This article summarizes the arguments and counter-arguments within the scientific discussion on the issues of internal control and risk management. Systematization of sources and approaches to solving the problem of improving the efficiency and quality of internal control has shown that the monitoring of internal control measures plays a significant role in the subject process. Internal control in the Ministry of Defense of Ukraine and the Armed Forces of Ukraine is implemented to meet the requirements of a number of documents of national importance in the field of public internal financial control of Ukraine. The study of improving the quality of internal control monitoring in the article is carried out in the following logical sequence: the main aspects of the regulation of monitoring of control measures in the process of functioning of the internal control system are considered; recommendations for improving the quality of internal control monitoring are provided. The article provides a partial analysis of the regulatory framework in the subject area in order to find relevant innovations in the regulation of internal control and risk management in budgetary institutions. Currently, the Ministry of Defense of Ukraine is a leader among other Central executive bodies in the implementation of internal control and risk management, so this experience can be used in other areas where there is a need for risk management. The results of the study can be useful for managers, researchers, risk managers, and for all who are interested in risk-oriented internal control and risk minimization in their activities. The article uses methods of scientific knowledge: analysis and synthesis. The main purpose of the study is to provide the head of the institution with recommendations aimed at improving the system of internal control in the subordinate institution by improving the process of monitoring the implementation of control measures.
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Davis, Jefferson T., Sridhar Ramamoorti, and George W. Krull. "Understanding, Evaluating, and Monitoring Internal Control Systems: A Case and Spreadsheet Based Pedagogical Approach." AIS Educator Journal 12, no. 1 (2017): 59–68. http://dx.doi.org/10.3194/1935-8156-12.1.59.
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ABSTRACT This paper describes a case approach for teaching internal control evaluation (ICE) using an Excel spreadsheet patterned after software from Grant Thornton LLP (Grant) named INFOCUS. Although INFOCUS is not used or supported anymore by Grant, it was used for many years in training and development for ICE theory and application at the firm. Grant allows use of their software and approach for classroom use. From a conceptual pedagogy perspective, this approach is still applicable to current practice standards and guidelines for ICE and provides a systematic application to help students take the role of an auditor to document the accounting system, document the controls, select key controls, and make the preliminary control risk assessment. The case and spreadsheet application can also be applied to the COSO 2013 Framework focusing mostly on Risk Assessment, Control Activities, and Monitoring Activities to internal control systems. The spreadsheet application can accommodate cases that provide differing company sizes and levels of automated control environments for internal audit and management perspectives. This case and spreadsheet application provides students an opportunity to deeply understand and analyze the accounting processes, the internal controls, and the interrelationships between the processes and controls. Exposure to such a case and spreadsheet application helps prepare students to successfully complete internal control evaluations in the “real world.”
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Yan, Lifang, Kathy L. Toohey-Kurth, Beate M. Crossley, et al. "Inhibition monitoring in veterinary molecular testing." Journal of Veterinary Diagnostic Investigation 32, no. 6 (2019): 758–66. http://dx.doi.org/10.1177/1040638719889315.
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Many of the sample matrices typically used for veterinary molecular testing contain inhibitory factors that can potentially reduce analytic sensitivity or produce false-negative results by masking the signal produced by the nucleic acid target. Inclusion of internal controls in PCR-based assays is a valuable strategy not only for monitoring for PCR inhibitors, but also for monitoring nucleic acid extraction efficiency, and for identifying technology errors that may interfere with the ability of an assay to detect the intended target. The Laboratory Technology Committee of the American Association of Veterinary Laboratory Diagnosticians reviewed the different types of internal controls related to monitoring inhibition of PCR-based assays, and provides information here to encourage veterinary diagnostic laboratories to incorporate PCR internal control strategies as a routine quality management component of their molecular testing.
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Laksmana, Aprin Arya, and Chaidir Iswanaji. "Analysis Internal Control Systems Of Mortgage." Gorontalo Accounting Journal 4, no. 1 (2021): 31. http://dx.doi.org/10.32662/gaj.v4i1.1389.
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The purpose of this research is to know directly about internal control system in the awarding of house ownership credits of PT. Bank Tabungan Negara Tbk. Magelang Branch Office. The type of research used is descriptive research with a qualitative approach to describing a phenomenon occurring. The results of the study showed that the procedure of giving ownership credit was executed according to procedures from the initial stage to the final stage. This is due to the operation of the internal control system well in accordance with the COSO standards which include the control environment, risk assessment, control activity, information and communication, and monitoring.
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Michelon, Giovanna, Saverio Bozzolan, and Sergio Beretta. "Board monitoring and internal control system disclosure in different regulatory environments." Journal of Applied Accounting Research 16, no. 1 (2015): 138–64. http://dx.doi.org/10.1108/jaar-03-2012-0018.
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Purpose – The purpose of this paper is to investigate two research questions. Is internal control system (ICS) disclosure, as a monitoring mechanism, associated with the characteristics of the board of directors, particularly the audit committee as the main board committee devoted to the effectiveness of ICS? Does the regulatory environment, particularly the regulation on ICS disclosure as an external governance/monitoring mechanism play a role in shaping the relationship between board monitoring and ICS disclosure and, if so, how? Design/methodology/approach – The authors study the ICS disclosure of 149 companies listed in four European financial markets (London, Paris, Frankfurt and Milan), each with its own regulations about ICS disclosure, during a six-year period (2003-2008). Findings – The findings support an inverse association between the extent of ICS disclosure and the proxies for board monitoring. The authors also find a statistically significant negative relationship between board monitoring and substantial ICS disclosure but no relationship between board monitoring and formal ICS disclosure. The evidence also shows that the regulatory environment moderates the relationship between board monitoring and ICS disclosure by introducing trade-offs among monitoring mechanisms. Research limitations/implications – An important caveat of the research is that it does not explore if and how investors use ICS disclosure to evaluate the firm. Practical implications – The authors propose a framework for the analysis of ICS disclosure that overcomes limitations of previous literature that has neglected the importance of the content beyond the extent of ICS disclosure. Through this framework researchers, practitioners and standard setters are able to separate merely descriptive, formal un-useful disclosure (boilerplate information) on the composing elements of the ICS from substantial disclosure regarding the functioning of the ICS (monitoring function). Originality/value – The authors also provide evidence that the relationship between board monitoring and ICS disclosure varies with the content of the information communicated, thus offering guidance for future research not to focus on measuring the extent or quantity of disclosure but on the variety and complexity of the information communicated.
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Anthony O, Odita, Daniels Christopher, Obire Jennifer, and Eneh Chinedu. "Administrative internal control system and performance effect." Linguistics and Culture Review 6 (December 16, 2021): 169–93. http://dx.doi.org/10.21744/lingcure.v6ns1.1997.
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The study focused on effect of admin internal control on performance in telecommunications industry in South South and South East Nigeria. The study employed a descriptive survey research design. Instrument adopted for the study is a structured questionnaire based on simple random sampling method. In addition, interview was also employed to serve as a compliment for the questionnaire. Reliability of the research instrument was tested using the Cronbach Alpha method which revealed that the instrument is reliable. The result of Durbin Watson revealed that the data is free from autocorrelation. Data analysis was done using both descriptive and inferential analysis technique. Descriptive statistics was used to give insight on the respondents profile while inferential statistics was used in the conducting of hypotheses. The five research questions for the study were analyzed using multiple regression model. The study shows that the five null hypotheses were rejected while the five alternative hypotheses were accepted (organization’s internal control environment (p=0.000<0.05, ?=0.890); risk assessment (p=0.000<0.05, ?=0.242); control activities (p=0.001<0.05, ?=0.092); information and communication (p=0.000<0.05, ?=0.115); monitoring (p=0.000<0.05, ?=0.307)). The study concluded that organization’s internal control environment, risk assessment, control activities, information and communication, and monitoring aid and has a positive influence on organizational performance.
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Joseph Elikem Kofi Ziorklui, Frederick Owusu Ampofo, Nicholas Nyonyoh, and Bernard Owusu Antwi. "Effectiveness of internal controls mechanisms in preventing and detecting fraud." Finance & Accounting Research Journal 6, no. 7 (2024): 1259–74. http://dx.doi.org/10.51594/farj.v6i7.1322.
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This review examines the effectiveness of internal control mechanisms in preventing and detecting fraud within organizations. Internal control mechanisms are essential components of corporate governance, designed to safeguard assets, ensure the accuracy of financial records, and promote operational efficiency. The study begins by defining internal controls and their critical role in fraud prevention and detection, highlighting the significance of a robust control environment. The components of the internal control environment, risk assessment, control activities, information and communication, and monitoring activities are discussed to provide a comprehensive understanding of their structure and function. Preventive controls, such as segregation of duties, authorization processes, and access controls, are analyzed to assess their role in minimizing the risk of fraud occurrence. Case studies and examples of organizations with effective preventive measures are presented to illustrate best practices. The challenges and limitations faced by organizations in implementing preventive controls are also explored. Detective controls, including reconciliation processes, internal audits, and whistleblower hotlines, are evaluated for their ability to identify and expose fraudulent activities. The review reviews case studies demonstrating the success of detective controls in uncovering fraud and discusses the obstacles organizations encounter in maintaining effective detection mechanisms. The evaluation section of the study focuses on metrics and indicators used to assess the effectiveness of internal controls, such as the reduction in fraud incidents and increased detection rates. Tools and techniques for evaluation, including internal and external audits, are examined to understand their role in ensuring control effectiveness. The review concludes by offering best practices for enhancing internal control mechanisms, emphasizing continuous monitoring, employee training, and the adoption of advanced technologies. The critical role of management in fostering a culture of ethical behavior and supporting internal audit functions is underscored. Recommendations for organizations and directions for future research are provided to guide ongoing efforts in fraud prevention and detection. Keywords: Fraud Prevention, Internal Control, Detective Control.
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Osipov, Aleksandr Vladimirovich. "Internal control in the company in order to financial monitoring." Interactive science, no. 4 (14) (April 20, 2017): 187–88. http://dx.doi.org/10.21661/r-119503.
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VILLA, Sabrina Moura, Thamiris Brandino STELLATO, Joyce Rodrigues MARQUES, et al. "QUALITY ASSURANCE OF ANIONS ENVIRONMENTAL MONITORING IN IPEN S ENVIRONMENTAL MONITORING PROGRAM." Periódico Tchê Química 14, no. 27 (2017): 91–96. http://dx.doi.org/10.52571/ptq.v14.n27.2017.90_periodico27_pgs_91_96.pdf.
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This work aims to assess the internal and external quality control of the anion analysis, accomplished at IPEN, using chromatography technique ions and Statistical Methods for data analysis. So it was possible to conclude that the system is over control, generating reliable results
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Weir, Matthew R. "Relative Plasma Volume Monitoring and Blood Pressure Control." Hypertension 55, no. 2 (2010): 226–27. http://dx.doi.org/10.1161/hypertensionaha.109.146084.
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Ageeva, O. A., and Yu D. Matytsyna. "Monitoring the efficiency of organisation’s internal control and economic security system." Vestnik Universiteta, no. 1 (March 1, 2022): 70–77. http://dx.doi.org/10.26425/1816-4277-2022-1-70-77.
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The article reviews the content and economic role of monitoring financial and economic activities. The aim of the study is to determine the essence of one of the main elements that make up the internal control system, namely: monitoring, which ensures the economic entity economic security. The subject is an indicative monitoring system, with the help of which risks are identified in a certain segment of the enterprise activity, that is, at the micro level. The research methodology consisted in the information collection and generalisation in order to build a scientific hypothesis about the subject under study, as well as in the recommendations development to improve the internal control system efficiency in the direction of ensuring the economic entity economic security. As a result, the authors proposed a monitoring algorithm that ensures the internal control system and economic security effectiveness.
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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 (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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Radojević, Aleksandra, Predrag Dragičević, and Marko Milašinović. "INTERDEPENDENCE OF CONTROL ACTIVITIES AND MONITORING AS COMPONENTS OF THE INTERNAL CONTROL SYSTEM OF MANUFACTURING COMPANIES IN THE REPUBLIC OF SERBIA." Acta Economica 20, no. 36 (2022): 175–94. http://dx.doi.org/10.7251/ace2236175r.
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The subject of research in this paper is control activities and monitoring as components of the internal control system in manufacturing companies in the Republic of Serbia. The aim of this paper is to determine not only interdependence of control activities and monitoring, but also the interdependence of these components of the internal control system with indicators of ROA and ROE of a company. An additional goal of this paper is to examine the existence of differences in the assessment of the importance of control activities and monitoring applicable in manufacturing companies of different sizes. The research included a sample of manufacturing companies operating in the Republic of Serbia. The analysis was performed in the SPSS statistical program, where a correlation analysis was performed using the Pearson Coefficient, as well as the Kruskal-Wallis H test and the Mann-Whitney U test. The obtained results showed the existence of a strong positive link between control activities and monitoring, as well as weak links between control activities and monitoring, on one hand, and ROA and ROE indicators of the company, on the other hand. In addition, the results confirmed that there is no difference in the importance of the application of internal control systems, i.e. control activities and monitoring, in manufacturing companies of different sizes.
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Kelvin, Matimba*1 Dr Geoffrey Mweshi2 &. Kwesi Atta Sakyi3. "ANALYSIS OF INTERNAL CONTROL FACTORS THAT INFLUENCE IMPREST MANAGEMENT IN NGOs IN LUSAKA." GLOBAL JOURNAL OF ENGINEERING SCIENCE AND RESEARCHES 7, no. 3 (2020): 20–66. https://doi.org/10.5281/zenodo.3716425.
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The study examined the relationship between internal controls (control environment, risk assessment and monitoring activites) and imprest management in Non-Governmental Organisations (NGOs) in Lusaka. If many NGOs have internal controls, why do we have cases of unretired imprest? From the literature reviewed, most of the studies suggested the relationship between internal controls and financial performance and effective operations of NGOs. However, none specifically considered the internal controls and its influence on imprest management in NGOs in Lusaka, hence discovering a Literature gap to research on. Hundred and fifty (150) questionnaires were used for data collection. Descriptive, correlation and multiple linear regression statistical analysis were performed using SPSS version 20 software. The sampling frame for this study was 150 participants from 33 NGOs who were randomly selected within Lusaka. The rationale upon which the study population and sample size were based: The study chose organizations that had financial manuals that speak to internal controls regarding imprest management, which had been audited consistently for the previous three years were targeted. Willingness from management of the organisation to allow their employees to participate in the survey was another criterion for selection. Most of the respondents agreed that organisations had internal control systems in place, yet they still had cases of unretired imprest. Therefore, the internal control components (combined) were tested for correlation with imprest management. The results showed both positive correlation and significant relationship between control environment, risk assessment, monitoring activities and imprest management. The value of R-Squared indicates that comparison of the three independent variables collectively showed significant predictions in the outcome. Furthermore, an examination of the t-values indicated that both control environment and monitoring components contributed more to the prediction of the outcome of Imprest Management. This entailed that the three independent variables considered under this study do contribute to imprest management in NGOs in Lusaka. There is a positive relationship between adequate and effective internal controls and imprest management in Non-Governmental Organisations based in Lusaka.
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Paramita, Prenadia, Roni Ekha Putera, and Aidinil Zetra. "PENERAPAN SISTEM PENGENDALIAN INTERN PEMERINTAH (SPIP) PADA KPU PROVINSI JAMBI." Jurnal Ranah Komunikasi (JRK) 5, no. 2 (2021): 152. http://dx.doi.org/10.25077/rk.5.2.153-163.2021.
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Accountability is one element in the realization of an election with integrity. The accountability aspect is one of the ways to legitimize election organizers and prevent potential fraud in the election budget, so internal and external monitoring is needed. The application of the Government Internal Control System (SPIP) is a form of internal control that is closely related to the quality of financial administration of a government agency. PP Number 60 of 2008 which regulates the application of SPIP in Indonesia adopts the COSO internal control theory which states that internal control consists of 5 elements, namely the control environment, risk assessment, control activities, information and communication, and monitoring. By using a qualitative method through a case study approach, this study intends to analyze the implementation of the Government's Internal Control System at the KPU Jambi Province. From the results of the study, it was concluded that the implementation of SPIP at KPU Jambi Province was sufficient, especially in the elements of information and communication. Meanwhile, other elements of SPIP, namely the control environment, risk assessment, control activities, and monitoring still have weaknesses.
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Lartey, Peter Yao, Santosh Rupa Jaladi, Stephen Owusu Afriyie, and Isaac Gumah Akolgo. "Principles of public internal controls: A mediation role of information and communication." Frontiers in Management and Business 3, no. 1 (2022): 149–66. http://dx.doi.org/10.25082/fmb.2022.01.002.
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While empirical research has demonstrated the critical nature of internal controls, there is insufficient evidence to indicate that they are effective at detecting and preventing irregularities in the public sector. By analyzing the direct and indirect relationships between internal control components, this study focuses on the quality of internal control in Ghana's public sector. In order to determine whether ongoing controls are consistent with sound public policy, a survey was designed and distributed to public sector employees and managers. According to the evidence, public administrators require high-quality information and communication tools to supplement their existing control systems. Additionally, internal controls are significantly influenced by risk assessment and the control environment, whereas monitoring and control activities have a limited impact. Effective internal communication is necessary for the coordination and implementation of control policies.
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Zahari, Afzal Izzaz, Jamaliah Said, and Roshayani Arshad. "The Effect of Internal Control Systems and Procrastination on Public Sector Employees." Indian-Pacific Journal of Accounting and Finance 3, no. 1 (2019): 50–64. http://dx.doi.org/10.52962/ipjaf.2019.3.1.65.
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Internal control is a control mechanism that keeps in check the structure for it to operate within the intended parameters and target objectives. The paper offers an overview effectiveness of internal control on whether it achieves the purpose of control the organisation in reducing the laziness in public sector employees. The overall design approach is through the analysis of internal control systems from the Committee of Sponsoring Organisation (COSO) framework. Data was collected through the distribution of questionnaires towards 106 government organisations based on the contents of five components of internal control, which consist of the control environment, risk assessment, control activities, information and monitoring activities. A total sample of 118 government employees returned the questionnaires. Through the analysis of the internal control system, the overview is then observed on whether it would improve overall organisational performance. The study indicated that only a single component of internal control systems (monitoring) is an effective mechanism towards reducing procrastination. The usefulness on whether having strong controls can improve overall organisation performance in the public sector provides a different perspective as government employees have different motivations from private sector employees. The paper contributes towards understanding human behaviour in terms of its reaction towards control systems. It is also from a public sector viewpoint of which internal control effectiveness must be strong in order to increase effectiveness.
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Umar, Haryono, Agustina Indriani, and Rahima Br Purba. "THE DETERMINANT FRAUD PREVENTION OF QUALITY LOCAL GOVERNMENT’S FINANCIAL REPORT." JURNAL AKUNTANSI DAN BISNIS : Jurnal Program Studi Akuntansi 5, no. 1 (2019): 41. http://dx.doi.org/10.31289/jab.v5i1.2310.
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This study empirically aims to analyze the influence of government internal control system and internal monitoring on fraud prevention and its implications on the quality of local financial statements. The data in this study were 89 respondents of local government officials in the city of Bogor and Depok. The methodology using multiple linear regression analysis. The results of the study showed the internal control system positively affects fraud prevention, on the other hand the internal monitoring has no effect on fraud prevention. Fraud prevention has a positive effect on the quality of financial statements. While the government internal control system has a negative effect, the internal monitoring has a positive effect on the quality of local financial report. Government internal control system indirectly affects the quality of local financial statements through fraud prevention, whereas the internal control directly affects the quality of local financial statements through fraud prevention. The result also indicate the fraud prevention has a greater impact on the quality of local financial statements. Internal control system might be minimized fraud and possibility of error. It indicates that fraud prevention support the quality of local financial reporting.
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Kovalenko, Yulia N., and Evgeny A. Danchikov. "THE USE OF INFORMATION RESOURCES OF THE INTERNAL CONTROL SYSTEM IN THE TAX MONITORING OF THE COMPANY." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 4/8, no. 145 (2024): 35–43. http://dx.doi.org/10.36871/ek.up.p.r.2024.04.08.005.
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The main instrument for regulating the company’s activities is financial control. In the current market realities, companies are increasingly showing interest in internal control as the main means of regulation. Proper implementation of the internal monitoring system is the key to the effectiveness of companies. Its analysis is aimed at acquiring a set of tasks that help expand the company’s control features and increase the effectiveness of its further work. The key purpose of using the internal control system in this case is to ensure the most perfect and reliable reflection of information about activities in the financial statements. In this paper, the basic concepts of the internal control and monitoring system of this system are studied. However, the emphasis is on a more detailed coverage of the concept of tax monitoring and consideration of the aspect of methodological recommendations for collecting evidence in tax monitoring.
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Musyoki, Kelvin Mutua. "Internal Control Systems and their role in Financial Fraud Prevention in Kenya." African Journal of Commercial Studies 3, no. 3 (2023): 173–80. http://dx.doi.org/10.59413/ajocs/v3.i3.4.
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Financial fraud, encompassing activities like embezzlement and misappropriation of assets, poses a substantial threat to businesses, potentially leading to financial losses, legal consequences, and the erosion of stakeholder trust. The study explores the critical realm of internal control mechanisms within organizations, particularly focusing on their role in ensuring the accuracy of financial statements and preventing financial fraud. The literature review aims to comprehensively analyse existing research on internal controls and their impact on preventing financial fraud. It evaluates dimensions such as the control environment, risk assessment, control activities, and monitoring, emphasizing their interplay in achieving financial reporting objectives and operational efficiency. Theoretical frameworks, such as the Fraud Triangle Theory and Agency Theory, form the basis for understanding the motivations behind fraudulent activities and the conflicts of interest that may arise within organizations. The study observed that internal control mechanisms, examined through the lens of the control environment, transaction monitoring, risk assessment, and internal audit, are crucial components in the fight against financial fraud. The integration of advanced technologies, continuous learning, and a commitment to ethical standards further enhance the effectiveness of internal controls in safeguarding organizations against the ever-evolving landscape of financial fraud.
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Vuong Thanh Long, Nguyen. "Enhancing the Effectiveness of Internal Control Systems in SMEs: Evidence from Vietnam." Research Journal in Business and Economics 3, no. 1 (2025): 31–40. https://doi.org/10.61424/rjbe.v3i1.260.
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This study investigates the determinants influencing the effectiveness of internal control systems in small and medium-sized enterprises (SMEs) in Binh Duong province, Vietnam. By applying the COSO 2013 framework, the research explores how control activities, information and communication, monitoring, control environment, and risk assessment impact internal control effectiveness. Data were collected through 150 surveys, with 125 valid responses analyzed using multivariate regression models. Findings indicate that control activities, information and communication, monitoring, and control environment significantly influence internal control effectiveness, while risk assessment does not show a notable impact. The study proposes practical recommendations for enhancing internal control systems and improving SMEs' operational efficiency and financial stability.
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Abd. Hanan, Hanarisma Idawati Binti, Nazifah Mustaffha, Norhanizah Johari, Ahmad Yani Ismail, and Latifa Bibi Musafar Hameed. "INTERNAL CONTROL PRACTICES OF WAQF MANAGEMENT IN YAYASAN CANSELOR, UNIVERSITI KEBANGSAAN MALAYSIA." International Journal of Islamic Economics and Finance Research 6, no. 1 (2023): 57–73. http://dx.doi.org/10.53840/ijiefer101.
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Internal controls are essential to the achievement of organizational objectives. In any organization, the absence of these controls could contribute to the unreliability of financial reporting, the inability to achieve effectiveness and efficiency, and noncompliance with applicable regulations and laws. This study investigates the waqf unit's internal control practices at Yayasan Canselor Universiti Kebangsaan Malaysia (YCUKM). The investigation of internal control practices in the waqf unit was guided by the Committee on Sponsoring Organizations (COSO, 2013) internal control framework. Interviews and reviews of pertinent documents were utilized to collect data. The investigation revealed that the waqf unit of the Yayasan Canselor Universiti Kebangsaan Malaysia (YCUKM) had implemented all five internal control procedures. Control environment, risk assessment, control activities, information and communication, and monitoring activities are included. This study concludes that internal control is necessary for achieving an organization's goals. The findings may be used as a reference for enhancing internal control practices in waqf institutions in Malaysian public universities.
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Borbe, Candy Angelica B. "The Effect of Internal Control System Towards Sustainable Quality Governance in A State University: Basis for Establishing a Sustainable Quality Governance in State University." International Journal of Multidisciplinary: Applied Business and Education Research 5, no. 5 (2024): 1730–43. http://dx.doi.org/10.11594/ijmaber.05.05.21.
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This study aimed to determine the relationship between the internal control system and quality governance in a State University, Laguna State Polytechnic University (LSPU). The 110 Administrative Council of LSPU were the respondents, and the survey questionnaire was used to measure the level of implementation of Internal Control System components such as Control environment, Risk Assessment, Control Activities, Information and Communication and Monitoring and the observance of elements of governance such as Transparency, Accountability, Participation and Predictability in LSPU. The findings showed a significant relationship between Internal Control System and quality Governance. Monitoring, Information and Communication components significantly impacted the sustainability of quality governance. The researcher recommended a more comprehensive assessment of the internal control system, with a focus on monitoring and information and communication, which negatively affect governance quality. The study also suggested using interviews or direct observation for data collection.
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Sudirman, Sudirman, Halida Sasmita, Muhammad Djabir D, Budhi Krisnanto, and Feronica Fungky Muchsidin. "Effectiveness of Internal Audit in Supporting Internal Control and Prevention of Fraud." Bongaya Journal for Research in Accounting (BJRA) 4, no. 1 (2021): 8–15. http://dx.doi.org/10.37888/bjra.v4i1.271.
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This study aims to analyze the effectiveness of internal audit at PT Bank Sulselbar Makassar in supporting internal control over fraud. This study uses a qualitative approach with the method of documentation, interviews and questionnaires to the internal auditors, anti-fraud department, and management as data collection methods. After the data was collected, data analysis was carried out using descriptive methods and measuring effectiveness. Based on the study results, it can be stated that the role of the Internal Audit Group as an internal audit in improving the internal control system for fraud at Bank Sulselbar has been influential. The internal audit of Bank Sulselbar has the authority to monitor the follow-up to the results of the audit conducted by the auditor. Monitoring activities are carried out to ensure that corrective actions have been carried out adequately and effectively. Thus, the company will implement better internal controls in the future because assessments and corrective actions for weaknesses and errors found are always carried out. There are three elements to prevent and detect fraud, namely a culture of honesty (personal), management responsibility to evaluate fraud risk (through internal control), and supervision by the audit committee (internal audit).