volume 31, issue 1, P5-34 2016
DOI: 10.1108/maj-08-2013-0910
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Aapo Länsiluoto, Annukka Jokipii, Tomas Eklund

Abstract:  Purpose: Internal control frameworks provide only broad guidance concerning internal control concepts, leaving the details to the adopting firms. In this study the adopted internal control structure and effectiveness in firms is examined and visualized, and a typology of firms is presented. Control structure and effectiveness are measured based on the assessment of management, rather than using reported material weaknesses as most studies do. This type of evaluation is more purposeful for firms that do not a…

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