scholarly journals Research on the Internal Control of Commercial Banks Based on Five Elements of COSO—Take Shanghai Pudong Development Bank as an Example

2020 ◽  
Vol 2 (3) ◽  
pp. 56
Author(s):  
Jingni Jia ◽  
Taotao Wang
Keyword(s):  
Control System ◽  
Internal Control ◽  
Commercial Banks ◽  
Rapid Development ◽  
Control Level ◽  
Control Problems ◽  
Development Bank ◽  
Control Framework ◽  
Five Elements ◽  
Day By Day

With the rapid development of economy, the business volume of China’s commercial banks is increasing day by day. At the same time, the internal control problems of commercial banks have also been highlighted in the frequent violations of commercial banks in recent years, and many commercial banks have been punished successively. In order to continuously improve the internal control level of China’s commercial banks and reduce the incidence of banking violations, this paper analyzes the internal control of Shanghai Pudong Development Bank (SPDB) based on the five elements of COSO internal control framework, and explores some problems existing in the internal control of China’s commercial banks, and analyzes the internal control of commercial banks from different aspects. Targeted measures and suggestions for the control system are also put forward.

ORGANIZATION OF INTERNAL CONTROL IN A REMOTE WORK ENVIRONMENT

2020 ◽  
Vol 3 (8) ◽  
pp. 73-79
Author(s):  
NGUYEN THI HA MY ◽  
Keyword(s):  
Control System ◽  
Work Environment ◽  
Internal Control ◽  
Business Processes ◽  
Rapid Development ◽  
Remote Work ◽  
Use Of Technology ◽  
Internal Control System ◽  
The Russian Federation ◽  
Ministry Of Finance

With the rapid development and widespread use of technology, business processes are being transformed. One of the consequences of the implementation of technologies into the business is the partial transition to remote work, which made it necessary to reflect the corresponding changes in the internal control system (IC). The article is devoted to the analysis of the main shortcomings identified during the transition to the remote mode, in response to which measures are proposed to adapt the IC to the conditions of remote work. Identifies the following areas for improvement of the internal control system. In response to the identified areas successful practical examples are analyzed and potential measures are proposed in the context of the elements identified in the COSO conceptual framework and methodological documents of the Ministry of Finance of the Russian Federation.

scholarly journals Modeling the Internal Control Constraint of University Research Funding System

2021 ◽  
Vol 2021 ◽  
pp. 1-7
Author(s):  
Jiacan Wang ◽  
Liangzhang Hu
Keyword(s):  
Control System ◽  
Internal Control ◽  
Scientific Research ◽  
University Research ◽  
Control Constraint ◽  
Environmental Constraint ◽  
Internal Control System ◽  
Five Elements ◽  
Constraint Model

With the in-depth development of the trend of scientific and technological innovation and the implementation of the “Double First-Class” strategy, universities shouldering the scientific research task are constantly promoting the development of scientific research projects with the support of national policies and the scientific research funds are also significantly increased. However, due to the defects of the existing internal control system of scientific research funds in universities, scientific research corruption cases occur frequently. Therefore, it is urgent to build a strong internal control system of scientific research funds to meet the development requirements of the “Double First-class” strategy. For this reason, this paper uses the method of case study, combines the five elements of the COSO internal control system and the internal control norms of Chinese administrative institutions, selects three typical cases of university research corruption, and finally constructs the internal control constraint model of university research funds. This model puts forward suggestions to improve the internal control system of the scientific research funds in universities from four aspects of environmental constraint, psychological constraint, control constraint, and regulatory constraint. Through the construction of the model, it is expected to provide some reference for the construction of the internal control system of scientific research funds in universities.

scholarly journals Discussion and Research on Audit Internal Control and PracticeConstruction Based on Risk Management

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Wenquan Shi
Keyword(s):  
Risk Management ◽  
Control System ◽  
Internal Control ◽  
Rapid Development ◽  
Internal Audit ◽  
Audit Risk ◽  
Chinese Enterprises ◽  
Market Risks ◽  
Foreign Countries ◽  
The Relationship

With the rapid development of the market economy in China, how to strengthen audit risk management and enable enterprises to improve the internal audit control system to cope with complex and severe market risks has become the focus of current social concern. In foreign countries, although audit internal control and risk management-based practice construction are relatively mature, China’s construction of a risk-oriented internal audit control system has just begun, and needs to be further improved. Therefore, strengthening audit internal control and practice construction based on risk management is urgent for Chinese enterprises. This article starts with the connotation of internal audit control and risk management, expounds the relationship between risk management and internal audit control, and discusses the internal control of audit and practice construction based on risk management. In addition, it also analyzes the current situation of China’s construction, and puts forward practical countermeasures to strengthen the internal control of China’s corporate auditing.

scholarly journals Pengendalian Intern Terhadap Sistem Pengawasan Produksi Dan Sistem Biaya (Studi Kasus PT. XYZ)

2010 ◽  
Vol 1 (2) ◽  
pp. 265
Author(s):  
Julisar Julisar
Keyword(s):  
Control System ◽  
Internal Control ◽  
Production Control ◽  
System Management ◽  
Manual Operation ◽  
Cost System ◽  
Production Control System ◽  
Operation Procedure ◽  
Five Elements

Business use internal control to guide their operations, safeguard assets and prevent abuses their system. Management is responsible for designing and applying five elements of internal control. The results from the evaluation of Internal Control in Production Control System and Cost System are the company has a good enough internal control in both their systems, such as, implement the segregation of duties, effective and efficiency in their manual operation procedure, controlling their documents and assets. But one thing the company needs to be done is the using of pre-numbered form. Most of all their forms have not been a pre-numbered form.

scholarly journals ORGANIZATION OF INTERNAL CONTROL BY BUDGET ORGANIZATIONS (INSTITUTIONS) AS A BUDGETARY FUNDS MANAGER

2019 ◽  
pp. 689-698 ◽  
Author(s):  
K. Proskura
Keyword(s):  
Control System ◽  
Internal Control ◽  
Internal Audit ◽  
Control Measures ◽  
Practical Implementation ◽  
Parent Organization ◽  
Control Units ◽  
Internal Control System ◽  
Information And Communication ◽  
Five Elements

This article is devoted to the study of the organization and formation of the system of internal control by budget organizations (institutions), the definition and substantiation of the components and procedures of internal control, as well as the development of a mechanism for the practical implementation of this system in a budget institution (organization). The construction of an internal control system of a budgetary institution is based on the components: control environment (construction of the structure of the internal control system and its subordination, responsibilities and powers of internal controllers, requirements to their competence, their independence with respect to utsanov), risk management (identification and assessment of the probability and risk impact on the institution’s activities, costs, the risk response, in comparison with the resulting benefit from its reduction), control measures (which procedures and measures are implemented by the institution in order to ensure the effectiveness of internal control), information and communication, monitoring (reporting of internal control units and checking the results of its work by the supreme body). The organizational principles for the construction of internal control, the principles on which internal control is to be based, as well as the essence of the five elements of internal control, in accordance with which internal control is to be carried out by the administrators of budget funds, is regulated in the Methodological Recommendations on the organization of internal control by budgetary funds managers. in their institutions and in subordinate budget institutions (approved by the order of the Ministry of Finance of Ukraine dated September 14, 2012 No. 995). An important factor in the effectiveness of the internal control system’s operation is the accountability of the internal control units to the manager and parent organization, embodied in the provision of written reports on the results of control measures carried out with a certain periodicity, as well as the introduction of a mechanism for monitoring the elimination of identified deficiencies and violations. The existence and effectiveness of the internal control system’s functioning forms the basis for ensuring the effectiveness of the organization, including the efficient use of economic resources. Key words: budgetary institution, internal control, internal control system, internal audit department.

scholarly journals Sistem pengendalian intern pengeluaran kas pada Sekretariat Daerah Kabupaten Kepulauan Sangihe

2019 ◽  
Vol 1 (2) ◽  
pp. 129
Author(s):  
Meyline Trisuksi Parera ◽  
Lintje Kalangi ◽  
Novi Swandari Budiarso
Keyword(s):  
Control System ◽  
Internal Control ◽  
Control Process ◽  
System Control ◽  
Accounting System ◽  
Control Environment ◽  
Internal Control System ◽  
Five Elements ◽  
Control Procedures ◽  
The Government

The internal control system has an internal control structure that can control the internal control process including the control environment, accounting system, control procedures. This study aims to determine the internal control system, especially in cash disbursement activities at the Sangihe Regency Regional Secretariat which is based on the 5 (five) elements of the SPIP (government internal control system) including, control environment, risk assessment, control activities, information and communication and monitoring. The type of data used is qualitative data by conducting observations and direct interviews at the Regional Secretariat Office of the Sangihe Regency to the head of the financial subsection who knows thoroughly about cash disbursements. The results of the research obtained on the internal control system related to cash disbursements at the Regional Secretariat of the Sangihe Regency are in accordance with the 5 (five) elements of the Government Internal Control System(SPIP).

scholarly journals Internal Control Perspective Based on Islamic Worldview

2021 ◽  
Vol 9 (2) ◽  
pp. 24-32
Author(s):  
Mohamad Djasuli
Keyword(s):  
Risk Assessment ◽  
Internal Control ◽  
Qualitative Method ◽  
Risk Control ◽  
Basic Element ◽  
Control Environment ◽  
Control Framework ◽  
Framework Model ◽  
Information And Communication ◽  
Five Elements

The purpose of the study is to explore and explain the perspective of internal control in the Islamic worldview. This research uses a descriptive qualitative method with Al-Quran and Al-Hadith and related references as research sources. Although the internal control framework model used is based on the COSO framework created in 1985, it has been implemented by Muslim leaders since the era of the Prophet Muhammad until the Abbasid era. The five elements of internal control established by the COSO framework include the control environment, risk assessment, control activities, information and communication, and monitoring. Indicators of control environment elements, researchers recommend adding spirituality and religiosity. The basic element of internal control is the control environment. If the control environment is functioning properly, it will minimize risk, control activities will be carried out simply, information and communication will run smoothly and internal control monitoring can be carried out regularly.

ORGANIZATION OF INTERNAL CONTROL IN A REMOTE WORK ENVIRONMENT

2020 ◽  
Vol 1 (9) ◽  
pp. 125-131
Author(s):  
NGUYEN THI HA MY ◽  
Keyword(s):  
Control System ◽  
Internal Control ◽  
Business Processes ◽  
Rapid Development ◽  
Remote Work ◽  
Use Of Technology ◽  
Internal Control System ◽  
Information And Communication ◽  
Control Procedures ◽  
The Russian Federation

With the rapid development and widespread use of technology, business processes are being transformed. One of the consequences of the implementation of technologies into the business is the partial transition to remote work, which made it necessary to reflect the corresponding changes in the internal control system (IC). The article is devoted to the analysis of the main shortcomings identified during the transition to the remote mode, in response to which measures are proposed to adapt the IC to the conditions of remote work. The following areas for improvement of the internal control system are identified: communication and comtrol during remote work, fraud and leakage of confidential information, failure of information systems. In response to the identified areas successful practical examples are analyzed and potential measures are proposed in the context of the elements identified in the COSO conceptual framework and methodological documents of the Ministry of Finance of the Russian Federation: control environment, risk assessment, internal control procedures, information and communication, internal control assessment.

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