The Role of Internal Control to Prevent the Fraud in Small and Micro Enterprises: A Turkish Perspective

Büyükçoban, Atilla; Ünkaya, Dr.Gülümser

doi:10.9790/487x-1810010105

Cited by 2 publications

(2 citation statements)

References 10 publications

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“…Büyükçoban and Ünkaya [19] examined the importance of the internal control system for fraud and corruption prevention from the point of view of SMEs. They distributed questionnaires to obtain information and used SPSS software to analyze the data.…”

Section: Empirical Reviewmentioning

confidence: 99%

Internal Control: Its Role in the Reduction of Fraud and Professional Misconduct among SMEs

Okeke

Offor

Chukwunwike

2021

AJEBA

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The issue of fraud and professional misconduct is a challenge to many organizations. However, the small-scale and medium-scale enterprises (SMEs) are more vulnerable. This study evaluates the role of internal control in the reduction of fraud and professional misconduct among SMEs in the Enugu metropolis. This study adopted survey research design. The research made the following major findings: that internal controls are put in place by SMEs, that internal controls are adhered to in SMEs, and that the internal controls implemented are effective in curbing fraud and professional misconduct in SMEs. Hence, the research recommend that owners and managers of SMEs should evaluate existing internal control systems and continue to implement good internal controls and ensure that proper financial records are kept and statements are prepared periodically, and small-scale enterprises that do not have internal controls should establish such and implement them to curb fraud and professional misconduct and thereby improve efficiency of operations.

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Section: Empirical Reviewmentioning

confidence: 99%

Internal Control: Its Role in the Reduction of Fraud and Professional Misconduct among SMEs

Okeke

Offor

Chukwunwike

2021

AJEBA

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“…Internal control encourages the creation of code of ethics as well as training about risk management. In Turkey, [1] internal control effectively to detect fraud in financial statement. This has led to the financial competence of small medium enterprise business lower compared to big company that have better vision about indication of fraud in financial statement.…”

Section: E Monitoringmentioning

confidence: 99%

The Adoption of Revenue Internal Control in the Event Organizer Company

Caroline*,

Tanasal,

Yanti

et al. 2020

IJRTE

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This research aimed to identify potential risks in revenue cycle and how company manage it, analysis of COSO’s elements implemented in the current company’s internal control and its effectiveness, and suggest improvement as needed based on COSO’s internal control framework. The method of data collection was obtained from interview and observation. Results obtained are internal control in the revenue cycle applied to the company in general is weak, and there is ineffective implementation of internal control which can lead to the possibility of fraudulent act in the company. Hence, as the company’s business keeps growing, it is important to focus more on its revenue cycle system as well as the internal control in order to achieve the most effective and efficient methods in operating the business.

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The Role of Internal Control to Prevent the Fraud in Small and Micro Enterprises: A Turkish Perspective

Cited by 2 publications

References 10 publications

Internal Control: Its Role in the Reduction of Fraud and Professional Misconduct among SMEs

Internal Control: Its Role in the Reduction of Fraud and Professional Misconduct among SMEs

The Adoption of Revenue Internal Control in the Event Organizer Company

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