scholarly journals RISK MANAGEMENT AND INTERNAL CONTROL SYSTEM OF NIGERIA’S BANKING SECTOR

2019 ◽  
Vol 7 (4) ◽  
pp. 943-949
Author(s):  
Sunny O. Temile ◽  
Lucky Izobo Enakirerhi ◽  
Ighosewe Enaibre Felix ◽  
Dadang Prasetyo Jatmiko
Keyword(s):  
Risk Management ◽  
Control System ◽  
Credit Risk ◽  
Internal Control ◽  
Significant Relationship ◽  
Financial Distress ◽  
Banking Sector ◽  
Annual Reports ◽  
Cross Sectional ◽  
Internal Control System

Purpose: This study empirically observed the relationship between risk management and the internal control system of the banks in Nigeria. Methodology: In order to achieve the main objective of this paper, we made use of data from the annual reports of fifteen commercial banks, covering a period of ten years (2007 – 2016). The study is empirical in nature and adopted a cross-sectional research design. Furthermore, the Panel Data Regression estimation technique was employed to estimate the specified model of the study. Result: The results revealed the existence of a negative and significant relationship between credit risk and internal control. Liquidity risk which was measured using liquidity ratio has a positive and statistically significant relationship with internal control of banks in Nigeria. Based on the findings, the importance of strong and vibrant internal control policies across banks in Nigeria cannot be over-emphasized. This is because the more the internal control put in place, the greater the liquidity for banks to carry out their banking operations. On the other hand, the greater the internal control, the lesser the credit risk. Applications: This research can be used for the universities, teachers, and students. Novelty/Originality: Due to the recurring financial distress and eventual liquidation of some banks in Nigeria, this study is very necessary as it stresses the relevance and needs for effective internal control strategies in line with global best practices.

The Concept of the Organizational and Economic Mechanism for the Functioning of Internal Control

Auditor ◽  
2019 ◽  
Vol 5 (9) ◽  
pp. 46-57
Author(s):  
М. Аристархова ◽  
M. Aristarhova ◽  
В. Фахрутдинов ◽  
V. Fahrutdinov
Keyword(s):  
Risk Management ◽  
Control System ◽  
Organizational Structure ◽  
Internal Control ◽  
Economic Mechanism ◽  
Internal Control System ◽  
Functional Components

Th e presented article touches upon topical issues of the functioning of internal control at the enterprise. A toolkit has been developed for the organizational and economic mechanism for the functioning of internal control, which includes principles, functions, logic, the time aspect, controlling, and norms. Th e structural and functional components of internal control are highlighted. An adaptive organizational structure of the risk management and internal control system has been formed, which can be the basis for the formation of a model for the functioning of the internal control of a gas transmission company

scholarly journals The Effect of Internal Control Systems on Financial Performance in the Kassena Nankana Municipality, Upper East Region

2019 ◽  
pp. 1-13
Author(s):  
Benard Nicodemos Ayamga ◽  
Regina Wompakeah Bagina
Keyword(s):  
Control System ◽  
Financial Performance ◽  
Control Systems ◽  
Internal Control ◽  
Audit Committee ◽  
Cross Sectional ◽  
East Region ◽  
Internal Control System ◽  
Upper East Region ◽  
Municipal Assembly

The study aims at determining the effect of internal control systems on the financial performance of Kassena Nankana East Municipal Assembly, in the Upper East Region of Ghana. The study was cross sectional and adopted a case study approach. The data for the study was completely primary and was gathered through face- to -face interaction with respondents (the staff of the Kassena Nankana East Municipal Assembly). A purposive sampling technique was use to select sixty (60) respondents for the study, finally the data was analysed using central tendency, frequencies and percentages and the information represented with tables, charts and graphs. The findings of the study showed that, there is a strong relationship between internal control system and organizational financial performance of the Kassena Nankana East Municipal Assembly. It was concluded that organizations that had invested on effective internal control systems had more improved financial performance as compared to those organizations that had a weak internal control system. Base on the findings the study recommends that, the governing body, possibly supported by the audit committee, should ensure that the internal control system is periodically monitored and evaluated.

scholarly journals The Role of Internal Control in Raising Employee Productivity in Jordanian Bank

2019 ◽  
Vol 4 (4) ◽  
Author(s):  
Zead M. Alhawamdeh ◽  
Mahmoud M. Alhawamdeh
Keyword(s):  
Control System ◽  
Control Systems ◽  
Employee Engagement ◽  
Internal Control ◽  
Banking Sector ◽  
Employee Performance ◽  
Employee Productivity ◽  
Integrated Framework ◽  
Internal Control System ◽  
The Impact

Internal control helps organizations achieve their objectives and maintain and improve their performance, and the performance of their employees. The Committee of Sponsoring Organizations of the Tread Way Commission issued an Internal Control — Integrated Framework, to help organizations in designing, implementing, and conducting internal control and assessing their internal control systems’ effectiveness, this Integrated Framework, included the five factors of control system, which are Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring Activities. The research examines the relationship between internal control system of an organization and employee engagement, and the effect that such has on the performance of the employee in the organization, and job satisfaction. This research primarily aims at finding out the impact of internal control system on employee performance in Jordanian companies, especially those in the Jordanian banking sector. Internal control systems will influence employees’ performance in two ways, through having an effective internal control system, or through not having an effective internal control system. The research therefore tends to evaluate the extent of adherence to internal control System in Jordanian banks, its impact on the performance of employees, and finally the recommendations of the researcher.

Organization of Internal Control System and Risk Management of Accounts Receivable in Gas Supply Organizations

Auditor ◽  
2018 ◽  
Vol 4 (6) ◽  
pp. 31-41 ◽  
Author(s):  
О. Ефимова ◽  
O. Efimova ◽  
Л. Каширская ◽  
L. Kashirskaya ◽  
Алексей Ситнов ◽  
...  
Keyword(s):  
Risk Management ◽  
Control System ◽  
Internal Control ◽  
Point Of View ◽  
Practical Implementation ◽  
Accounts Receivable ◽  
Internal Control System ◽  
Gas Supply

Th e authors off ered their point of view and ways to develop the methodology and tools for creating a system of internal control and risk management of receivables in these companies. As a result of the study, the authors identifi ed their proposals for the practical implementation of this problem.

The Application of Information Technology in Bank Accounting Internal Control Risk

2014 ◽  
Vol 631-632 ◽  
pp. 1291-1294 ◽  
Author(s):  
Xiao Chun Shi ◽  
Shuai Wang
Keyword(s):  
Risk Management ◽  
Control System ◽  
Internal Control ◽  
Control Mode ◽  
Supervision System ◽  
Internal Control System ◽  
Management Responsibility ◽  
The Cost ◽  
Responsibility System ◽  
Control Risk

The lack of the internal control conditions cause the bank accounting’s internal control risk. The cost of the internal control is large. The internal control mode is imperfect and the execution is not in place. The internal control supervision system, supervision and restraint are lack. How to perfect the internal control system and resolve the bank accounting internal control risk effectively? Based on the analysis of the causes of the risk, we think that establish risk management responsibility system and strengthen the assessment of employees are the targeted suggestions.

scholarly journals The Impact of Credit Risk Management Indicators on Profitability Attributes: Evidence from the State-Owned Commercial Banks in Bangladesh

2021 ◽  
Vol 8 (3) ◽  
pp. 215-224
Author(s):  
Mst. Hasna Banu ◽  
Md. Sayaduzzaman ◽  
Subhash Chandra Sil
Keyword(s):  
Risk Management ◽  
Credit Risk ◽  
Commercial Banks ◽  
Banking Sector ◽  
Management Practice ◽  
Management Policy ◽  
Annual Reports ◽  
Credit Risk Management ◽  
Management Indicators ◽  
The Impact

The focal attempt of this research is to identify the consequence of credit risk management indicators on profitableness attributes of state-owned commercial banks functioning in Bangladesh. To attain the objectives of this research study researcher has analyzed four sample banks’ audited annual reports covering the period 2012 to 2016. The study has employed the ANOVA technique, multiple regression model, and correlation matrix to reach the concluding remark as per study objectives. The findings revealed that there is significant and insignificant variation as well as relationship in the different indicators of credit risk management but there is insignificant variation in the different attributes of profitability in the midst of the sample banks within the study period. Furthermore, there is the insignificant impact of the different indicators of credit risk management namely loan and advance, classified loan, unclassified loan, leverage ratio, bad debt, default ratio, cost per loan asset, and cost to income ratio on profitability attributes such as return on assets, return on equity along with net profit percentage of the sample banks over the study period. Hence, the study has recommended that the management of the banking sector should emphasize creating a smart credit management policy as well as lending guidelines to formulate the suitable credit risk management practice to meet the demand of loans applicants properly.

scholarly journals دور نظام الرقابة الداخلية في تأمين عمليات التجارة الإلكترونية

2021 ◽  
Vol 33 (1) ◽  
pp. 194-226
Author(s):  
د. ياسر تاج السر محمد سند ◽  
د. حنان حسين عيسى كرم
Keyword(s):  
Control System ◽  
Electronic Commerce ◽  
Internal Control ◽  
Significant Relationship ◽  
Internal Control System

The study addressed the clarifying of the role of the internal control system in securing electronic commerce operations in Sudanese banks, where the problem of the study was how to secure the risks of e-commerce operations that take place in Sudanese banks through internal control over data inputs, operations and outputs, to achieve the study objectives the following hypotheses were tested; There is a statistically significant relationship between internal control of inputs and securing e-commerce operations, there is a statistically significant relationship between internal control over operating and securing e-commerce operations, there is a statistically significant relationship between internal control of outputs and securing e-commerce operations, the study concluded Validated results of the hypotheses; As the internal control over the inputs, operations and outputs of e-commerce data helped secure its operations in Sudanese banks.

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