The impact of COSO control components on internal control effectiveness: An internal audit perspective

Fourie, Houdini; Ackermann, Christo

doi:10.4102/jef.v6i2.272

Cited by 19 publications

(17 citation statements)

References 13 publications

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“…All risks either they are internal or the management of the firm should consider external. Otherwise, that could mean that goals are not achieved (Fourie, H. and Ackermann, C., 2013). According to the IIA's international standards, risk is the probability of happening an event which will have consequences on the achieving of the predetermined objective of the firm (Tu., Chuc Anha, L. H. T. Thib, H. P. Quangc, and h. T. Thia,, 2020).…”

Section: Risk Assessmentmentioning

confidence: 99%

Framework of the internal control under remote management: An empirical study

Mamand

Alagöz²

2021

IJRBS

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As Covid-19 lockdown forced firms to organize work differently, for example, managing people remotely. Despite the benefits may a firm obtain in adopting new business tools like remote management, but providing assurance that internal control function in an efficient manner is important for a firm; that is because there is a growing interest in internal control issues. It is very important to determine how the remote working model, which emerged during the Covid 19 pandemic process, has changed the accounting processes of businesses. The aim of this study is to propose an internal control model under factors such as remote management, risk assessment, control activities, information and communication, and observation. The data in the research were obtained from the experts in our sample by using the survey method. Our sample consists of managers, supervisors, and academics. The data obtained were evaluated with the Smart-PLS version 3.2.9 program. Findings highlight a positive relationship between control activities and remote management.

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Section: Risk Assessmentmentioning

confidence: 99%

Framework of the internal control under remote management: An empirical study

Mamand

Alagöz²

2021

IJRBS

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“…Control Environment, Control Activities, Risk Assessment, Information and Communication, and Monitoring (Curtis and Wu, 2000). COSO's integrated framework for internal control is an effective internal control system (Fourie and Ackermann, 2013).…”

Section: Internal Control Systems Componentsmentioning

confidence: 99%

The Impact of Internal Control through Computerized Accounting System among Small and Medium Enterprises in Oman

Alzakwani

Matriano

2021

Int. j. res. entrep. bus. stud.

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Purpose: The aims of the study were to identify and evaluate the internal controls used in a computerized accounting system of the SMEs, to identify and evaluate the merits and demerits of the internal controls used in the companies, and to identify the challenges in the implementation of internal control systems in the computerized accounting system of the SMEs. Design/methodology/approach: The population of the study was the employees of the SME’s registered with Ministry of Commerce and Industry (MOCI) in Muscat, Oman. Samples were selected from this population on a random sampling basis. One-member employee from the SMEs representing the enterprise filled the questionnaire. The survey was conducted through a questionnaire using a Google form. 220 samples were collected from the population. The data collected was analyzed using data processing methods and Microsoft excel. Findings: The study found that SMEs were using computers to perform their daily transactions and the accounting software used by SMEs were cheap, of low quality and not proficient enough. One of the components of internal control system, i.e. monitoring was implemented by most of the SMEs and they also stated that they rarely hired an external auditor for auditing because of the expensive auditing fees. It was also stated that the security mechanisms were not properly implemented in the SMEs because of the expensive cost. Research limitations/implications: The study suggested that the Government should emphasize the SMEs to implement a good internal control system. This can reduce the errors and also increase the efficiency of operations. SOX in Omani context should be strictly implemented making it statutory and mandatory for all the SMEs in Oman and such statutory laws will help the auditors to abide by the rules and regulations to be followed. Social Implications : Government should support SMEs through providing education on the importance of internal control systems as most of the employees of SMEs are poorly educated/illiterates. The Government should set a price ceiling to the external auditors on the auditing fees exclusively for SMEs so that they can afford. Originality / Value: No study was carried before in relates to the impact of the internal control system through the computerized accounting system among the SMEs in Muscat, Oman. This study will through light on the statutory laws required for the sake of internal control measures required for the SMEs.

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“…Além da correlação entre os tipos de deficiências e o total de deficiências divulgadas, verificou-se que correlações significativas fracas entre alguns tipos de deficiências, por exemplo: Segregação de função e Contas Específicas, Segregação de Função e Treinamento, entre outras (Ver Tabela 2). Essas correlações indicam que um tipo de deficiência está associado a outros, nesse caso, destacou-se a segregação de funções, pois esse tipo de problema é de fato um problema de controle interno sério, presente em muitos casos de fraudes (Di Pietra, McLeay, & Ronen, 2014;Fourie & Ackermann, 2013).…”

Section: Gráfico 6 -Evolução Das Quantidades De Deficiências De Contrunclassified

Deficiências dos Controles Internos das Empresas Listadas na[B3]

Lopes

Marques

Louzada

2019

Rev. Evid. Cont. & Fin.

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Objetivo: O presente estudo identificou os tipos de deficiências de controles internos reportados pelas empresas participantes da carteira teórica do IBOVESPA.Método: A pesquisa de natureza descritiva, documental e com abordagem quali-quanti analisou dados referentes ao período de 2010-2015 de 32 empresas listadas na [B]³. Os dados foram coletados nos Formulários de Referência disponíveis no sítio eletrônico da CVM, sendo aplicado análise de conteúdo, estatística descritiva e o Teste Kruskal-Wallis para diferenças entre os grupos. As categorias utilizadas foram as mesmas de Ge & McVay (2005) de modo a possibilitar a comparabilidade entre as pesquisas.Resultado: Os resultados evidenciaram que 87% das deficiências reportadas com informações suficientes para categorizá-las referiram-se a: (i) Treinamento – 23%, (ii) Falhas Tecnológicas – 20%, (iii) Falhas em Subsidiárias – 17%, (iv) Contas Específicas – 15% e (v) Segregação de Funções – 12%. Além disso, das 270 deficiências reportadas, 132 não apresentaram detalhamentos suficientes para identificá-las, o que sugere necessidade de maior intervenção por parte dos reguladores.Contribuições: O estudo contribui com a literatura sobre o tema, analistas e reguladores na medida em que apresenta um panorama das deficiências dos controles internos reportadas pelas empresas com maior volume de negociações em bolsa na [B]³.

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The impact of COSO control components on internal control effectiveness: An internal audit perspective

Cited by 19 publications

References 13 publications

Framework of the internal control under remote management: An empirical study

Framework of the internal control under remote management: An empirical study

The Impact of Internal Control through Computerized Accounting System among Small and Medium Enterprises in Oman

Deficiências dos Controles Internos das Empresas Listadas na[B3]

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