scholarly journals The Effect of the Board of Directors and Audit Quality on Disclosure of Internal Control Practices: Evidence from European Companies

2020 ◽  
Vol 16 (4) ◽  
Author(s):  
Jamel CHOUAIBI ◽  
Mounia BOULHAGA
Keyword(s):  
Board Of Directors ◽  
Internal Control ◽  
Audit Quality ◽  
The Board Of Directors

scholarly journals Analysis of Competence and Independence of Internal Auditor on Internal Audit Quality

2020 ◽  
Vol 5 (2) ◽  
pp. 96-102
Author(s):  
Leriza Desitama Anggraini
Keyword(s):  
Board Of Directors ◽  
Internal Control ◽  
Audit Quality ◽  
Task Force ◽  
Internal Audit ◽  
Study Data ◽  
Internal Auditor ◽  
The Board Of Directors ◽  
Operational Activities

Research is conducted with the aim of analyzing competencies and independence affecting the quality of audits in the company. The company's extensive scope restricts management and the board of directors from conducting direct oversight of internal and external activities in each of the company's operational activities. Therefore, management and the board of directors need a task force tasked with overseeing and examining the company's operational activities in order to improve internal control effectively and efficiently. There are still many problems of independence among internal auditors to date due to the position of internal Auditor working for management or working for the company. Research is carried out with a quantitative approach and with descriptive methods. The design of the research is a case study. Data collection techniques are carried out by questionnaire method and document inspection. Based on the results of the study concluded there is an influence of competence and independence on the quality of internal audits.

scholarly journals The Role of Ethnicity, Gender and Diversity of Director's Experience on Company Performance

2021 ◽  
Vol 6 (1) ◽  
pp. 25-31
Author(s):  
Anita Ade Rahma ◽  
Titah Fadhilah Harahap ◽  
Desi Ilona ◽  
Febri Aldi
Keyword(s):  
Board Of Directors ◽  
Audit Quality ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Company Performance ◽  
Insignificant Effect ◽  
The Board Of Directors

This study aimed to analyze the influence of ethnicity, gender and board of director’s experience diversity on the company performance. The data used are secondary data from the financial statements and annual report from 2011 to 2017. Samples were taken  randomly on all companies listed in Indonesia Stock Exchange as many as 266 companies. The results of this study prove that ethnicity and experience of the board of directors not significantly effect on company performance (ROS). However, the results of gender on board of directors showed negative and significant impact on company performance (ROS). Company age and audit quality have insignificant effect on company performance (ROS).

scholarly journals The role of corporate governance in enhancing the performance of Jordanian commercial banks

Accounting ◽  
2021 ◽  
Vol 7 (6) ◽  
pp. 1471-1478 ◽  
Author(s):  
Ahmad Salem Alkazali ◽  
Ghaith N. Al-Eitan ◽  
Ala’a Ayed Abu Aleem
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Internal Control ◽  
Commercial Banks ◽  
Northern Region ◽  
Bank Performance ◽  
Fair Treatment ◽  
Significant Relationships ◽  
The Board Of Directors

The study aimed to explore the relationship between corporate governance (i.e., tasks and responsibilities of the Board of Directors, disclosure and transparency, shareholders’ rights and fair treatment of shareholders, and audit and internal control) and bank performance. Data were collected using a questionnaire distributed to a sample consisting of managers of commercial banks in the northern region in Jordan. The study found a significant and positive relationship between corporate governance and bank performance. Particularly, the study pointed out two principles (i.e., tasks and responsibilities of the Board of Directors, and audit and internal control) were positively related to bank performance, while there were no significant relationships between the other two principles (i.e., disclosure and transparency as well as shareholders’ rights and fair treatment of shareholders). It was concluded that corporate governance is very critical for enhancing bank performance. Additionally, commercial banks should pay more attention to all principles of corporate governance.

scholarly journals PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BEI TAHUN 2014-2018

2021 ◽  
Vol 10 (3) ◽  
pp. 290
Author(s):  
Della Ayu Rizki ◽  
Eni Wuryani
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Board Of Directors ◽  
Audit Committee ◽  
Banking Sector ◽  
Audit Quality ◽  
Institutional Ownership ◽  
External Audit ◽  
Good Corporate Governance ◽  
The Board Of Directors

The purpose of this study was to determine the effect of implementing good corporate governance on financial performance in banking companies. Proxies for good corporate governance are the board of directors, the independent board of commissioners, the audit committee, external audit quality, and institutional ownership. Measurement of banking financial performance uses Return on Assets (ROA). The sample used is 26 samples of banking sector companies listed on the IDX during 2014-2018. The analysis technique uses multiple regression analysis. The results showed that the board of directors and institutional ownership have an influence on financial performance, while the independent board of commissioners, audit committee, and external audit quality have no influence on financial performance. Keywords: Good Corporate Governance;Financial Performance;Banking Sector.

scholarly journals The Role of Supervisory Board in Corporate Governance in Vietnam: From Legal Regulations to Practice

2021 ◽  
Vol 11 (4) ◽  
pp. 2546-2563
Author(s):  
Dr. Phan Thi Thanh Thuy
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Internal Control ◽  
Supervisory Board ◽  
Governance Structure ◽  
Company Law ◽  
The Board Of Directors ◽  
Supervisory Boards ◽  
Control Body

Good corporate governance is always associated with an effective internal control system, which is expected to quickly forecast and detect the infringements of laws and the company's charters committed by the main corporate governance bodies like the board of directors, the general director, and provide timely advice on remedial solutions. Following this theory, since the adoption of the first Vietnamese company law in 1990, the supervisory board, a special body of Vietnamese corporate governance structure, has formed and become a traditionally internal control body in joint-stock companies (JSCs). However, supervisory boards seem not to promote their effectiveness as expected. Many major violations conducted by the board of directors and the CEO took place in large companies, where the supervisory boards did not detect or were complicit in these violations. Most recently, the trend of replacing supervisory boards with independent directors and audit committees has occurred in many public companies in Vietnam. This paradox raises questions about the ineffectiveness of supervisory boards and the reasons causing the situation. To find the answers, the article will focus on analyzing the role of the supervisory board in Vietnamese JSCs compared with international practices. Thereby, to find out the reasons for the limitations of supervisory boards in both legal provision and practice. To conclude the research, the article will make some suggestions for reforming the supervisory board so that this internal control body could bring its effectiveness.

The Compliance Function

2015 ◽  
Author(s):  
Geoffrey Parsons Miller
Keyword(s):  
Law Enforcement ◽  
Board Of Directors ◽  
Internal Control ◽  
Chief Executive ◽  
Chief Financial Officer ◽  
Compliance Function ◽  
Compliance Programs ◽  
The Board Of Directors ◽  
Compliance Program ◽  
Compliance Officer

This chapter discusses the compliance function, a form of internalized law enforcement employed by corporations and other complex organizations to ensure that employees and others associated with the firm do not violate applicable rules, regulations or norms. It first examines compliance within a general theory of enforcement. It considers the concept of internal control, the development of the compliance function and its distribution among control personnel, and compliance programs, policies, and contracts within an organization. It then analyzes the oversight obligations of the board of directors and the management team including the chief executive officer, the chief financial officer, the chief compliance officer, the chief legal officer, and the chief risk officer. It also outlines the elements of a robust compliance program and concludes by considering internal investigations, whistleblowers, criminal enforcement, compliance outside the firm, and business ethics beyond formal compliance.

scholarly journals The Significance of the 2014 Corporate Governance Code of the Bank of Russia

2014 ◽  
pp. 253-263
Author(s):  
A. V. Shashkova
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Internal Control ◽  
Information Policy ◽  
Russian Government ◽  
Foreign Companies ◽  
Corporate Governance Code ◽  
The Board Of Directors ◽  
Code Of Corporate Governance ◽  
Corporate Actions

The present article focuses on corporate governance in Russia, as well as on the approval in 2014 of the Code of Corporate Governance by the Bank of Russia and by the Russian Government. The article also provides the concept of the famous foreign term Compliance. Compliance is a system based on binding rules of conduct contained in the regulations which are mandatory for the company. In order to fulfill best practices and implement local acts on the most important issues for the company, many foreign companies as well as large Russian companies have formed special Compliance departments. Taking into account such international experience and international corporate governance principles the Bank of Russia has elaborated the Corporate Governance Code, approved by the Russian Government in February 2014. Corporate Governance Code regulates a number of the most important issues of corporate governance such as shareholders'rights and fair treatment of shareholders; Board of Directors; Corporate Secretary of the Company; system of remuneration of members of the Board of Directors, executive bodies and other key executives of the company; system of risk management and internal control; disclosure of information about the company, the information policy of the company; major corporate actions. The most important issue which is analyzed by the author is the problem of the composition of the Board of Directors: the presence of independent directors in the company. According to the author the new Corporate Governance Code reflects the latest trends as well as the current situation with corporate governance in Russia today.

Board Independence and Audit-Firm Type

2001 ◽  
Vol 20 (1) ◽  
pp. 97-114 ◽  
Author(s):  
Mark S. Beasley ◽  
Kathy R. Petroni
Keyword(s):  
Board Of Directors ◽  
Audit Quality ◽  
Insurance Industry ◽  
Insurance Companies ◽  
Board Independence ◽  
Brand Name ◽  
The Board Of Directors ◽  
Firm Type ◽  
External Auditor

This paper investigates the role of outside members of the board of directors in the choice of external auditor for property-liability insurance companies. Consistent with our hypothesis that we derive from theories of both corporate governance and audit quality, we find that the likelihood of an insurer employing a brand name auditor that specializes in the insurance industry is increasing in the percentage of the members of the board of directors that are considered outsiders. However, we do not find a significant association between board composition and the choice of using a nonspecialist brand name (Big 6) auditor and a nonbrand name auditor, suggesting specialization is considered to be important, but not brand name in this setting.

scholarly journals Analysis of Governance Diversity and Audit Characteristics on Profitability

2021 ◽  
Vol 6 (1) ◽  
pp. 71-78
Author(s):  
Muhammad Taufiq ◽  
Devi Fadila
Keyword(s):  
Corporate Governance ◽  
Panel Data ◽  
Board Of Directors ◽  
Audit Quality ◽  
Stock Exchange ◽  
Regression Technique ◽  
Stewardship Theory ◽  
Return On Assets ◽  
Return On Equity ◽  
The Board Of Directors

This study investigates governance diversity-consisting of female members and national diversity in the board of directors and audit characteristics-consisting of quality and audit tenure on profitability with two proxies, return on assets (ROA) and return on equity (ROE). The investigation uses a stewardship theory to explain the effectiveness of the fiduciary relationship between governance and stakeholders. The regression technique uses panel data with 2.151 data from companies listed on the Indonesia Stock Exchange in 2015-2019. This study demonstrates that audit quality has adverse implications for ROA, while other variables have no effect. It`s findings consistent that female members and audit quality reduce fiduciary relationship-meanwhile national diversity and audit tenure do not have any effect on ROE. This study laid to prove the rating of bad corporate governance and suggests to make disruption in corporate governance characteristics.

scholarly journals THE INFLUENCE OF ISLAMIC CORPORATE GOVERNANCE AND INTERNAL CONTROL ON INDICATIONS OF FRAUD IN ISLAMIC COMMERCIAL BANKS IN INDONESIA

2021 ◽  
Vol 6 (2) ◽  
pp. 92
Author(s):  
Uus Ahmad Ahmad Husaeni
Keyword(s):  
Corporate Governance ◽  
Quantitative Analysis ◽  
Board Of Directors ◽  
Internal Control ◽  
Commercial Banks ◽  
Secondary Data ◽  
Islamic Banking ◽  
Financial Reports ◽  
Technical Data ◽  
The Board Of Directors

This article aims to analyze the implementation of ICG (Islamic Corporate Governance) and Internal Control on indications of fraud at Islamic Commercial Banks in Indonesia. The method used in this study is to use quantitative analysis with technical data analysis using multiple linear regression. The data used is secondary data obtained from Islamic banking financial reports, amounting to 60 data. The conclusion in this article is the influence of Islamic Corporate Governance which is proxied by the variables of the implementation of DPS duties and responsibilities, the performance of duties and responsibilities of the board of directors, and internal control, on the dependent variable, namely, the indication of fraud in Islamic Commercial Banks in Indonesia of 46.1 percent while the rest 53.9 percent is influenced by other factors which are not used in this study

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