Correlation of compliance and internal control at the level of commercial and credit institutions

2021 ◽  
pp. 68-72
Author(s):  
Yulia V. Kapriyan ◽  
Irina V. Tolmacheva
Keyword(s):  
Internal Control ◽  
Credit Institutions

PRACTICAL ASPECTS OF THE ASSESSMENT EFFICIENCY OF THE INTERNAL CONTROL SYSTEM CONTROL IN A CREDIT INSTITUTION

2021 ◽  
Vol 4 (5) ◽  
pp. 99-105
Author(s):  
S. A. AZIMOV ◽  
Keyword(s):  
Control System ◽  
Detailed Analysis ◽  
Internal Control ◽  
System Control ◽  
Credit Institution ◽  
Internal Control System ◽  
Credit Institutions

As part of this work, a detailed analysis of the evaluation of the effectiveness of the internal control system in credit institutions was carried out, judgments on the features and effectiveness of the implementation of the internal control system were presented, methods for evaluating the internal control system were considered. The principles of using the system, the positive and negative sides are analyzed. Recommendations on the adaptation of the methodology for assessing the internal control system in credit institutions are proposed

scholarly journals Adjustment of prudential norms, determining vector of the banking sector development

Upravlenie ◽  
2020 ◽  
Vol 7 (4) ◽  
pp. 32-43
Author(s):  
N. V. Gryzunova
Keyword(s):  
Internal Control ◽  
Business Models ◽  
Banking Sector ◽  
Banking System ◽  
System Reform ◽  
Banking Supervision ◽  
Interest Rate Policy ◽  
Credit Line ◽  
Russian Economy ◽  
Credit Institutions

Currently, the Bank of Russia carries out radical reforms in the administration system of banking supervision and regulation. You can observe the interaction between monetary policy and macro prudential policy. The purpose of the traditional regulator is protection of investors', shareholders', customers' capital. The main problem of the Russian economy is the shortage of investment and working capital from non-credit institutions and the difficulty to get a foothold lending. The main objective of the banking system reform is to create additional sources of investment for non-credit institutions. The tightening Supervisory requirements although eliminate the total bank risks, but reduce business activity and agility of the banking system. The curve of investment demand in the Russian economy is flat, that characterizes the low profitability of investments and the weak dependence on interest-rate policy. In this connection, it has been suggested to consider investment companies as the main criterion of competitiveness and the main argument in decision-making about granting a credit line.The feasibility of the allocation of investment criteria in the monetary rule has been shown in the article. The urgency proportional distribution of regulatory indicators of banking supervision by tier banking system, which are formed from the pacing of functional and regional specificity, – has been substantiated. The mechanism of price stability based on the clustering of financial institutions has been offered. It has been suggested to use the investment criteria as justification for a transfer service of non-bank organization to another bank cluster. Possible trends and implications of key planned reforms of the banking system including the bank's tier and the distribution tier of powers and functions have been analysed.Due to measures of preventive supervision and bank clustering, it is possible to expect regional market segmentation, improving the effectiveness of internal control systems, based on the distribution of the control functions in bank tiers, simplify management and risk reduction in accordance with the profile of the company and the level of the bank's operations. It has been proved in the paper that a focused segmentation of the credit market allows us to reduce the credit risks for banks, as well as to link market characteristics with the business models of each cluster.

KEY APPROACHES TO ASSESSING THE EFFECTIVENESS OF THE INTERNAL CONTROL SYSTEM IN A CREDIT INSTITUTION

2021 ◽  
Vol 4 (5) ◽  
pp. 122-127
Author(s):  
S. A. AZIMOV ◽  
Keyword(s):  
Control System ◽  
Detailed Analysis ◽  
Internal Control ◽  
Credit Institution ◽  
Internal Control System ◽  
Credit Institutions

As part of this work, a detailed analysis of the evaluation of the effectiveness of the internal control system in credit institutions was carried out, judgments on the features and effectiveness of the implementation of the internal control system were presented, methods for evaluating the internal control system were considered. The principles of using the system, the positive and negative sides are analyzed. Recommendations on the adaptation of the methodology for assessing the internal control system in credit institutions are proposed

scholarly journals The effectiveness of the internal control system in Vietnamese credit institutions

2020 ◽  
Vol 15 (4) ◽  
pp. 26-35
Author(s):  
Tran Quoc Thinh ◽  
Ly Hoang Anh ◽  
Nguyen Khanh Tuan
Keyword(s):  
Control System ◽  
Internal Control ◽  
Legal Framework ◽  
Practical Application ◽  
The Sustainable Development ◽  
Internal Control System ◽  
Spss Software ◽  
Structured Questionnaire ◽  
Analyze Data ◽  
Credit Institutions

In the context of global economic integration, there are many opportunities for promoting economic development, but there are also challenges of complexity and risk in business activities. This always raises many questions that need to be resolved for credit institutions. The internal control system of credit institutions has become increasingly important for the sustainable development of the national financial system. The purpose of the paper is to evaluate the effectiveness of the internal control system in the practical application of Vietnamese credit institutions. Descriptive statistics are applied to analyze data using SPSS software. The structured questionnaire is designed to collect objective opinions and purposive sampling techniques among 382 experts who are managers of credit institutions in 2020. The results show that all five components improve the effectiveness of the internal control system, and the internal control system plays a role in the safety of Vietnamese credit institutions. Thus, the Central Bank of Vietnam should improve the legal framework and related internal control provisions for credit institutions in accordance with international principles to improve the effectiveness of the internal control system.

A new insight into the concept of risk-oriented internal control in lending institutions

2020 ◽  
Vol 26 (3) ◽  
pp. 580-589
Author(s):  
Yu.S. Efremova
Keyword(s):  
Control System ◽  
Internal Control ◽  
Teaching Activities ◽  
Regulatory Documents ◽  
Research And Teaching ◽  
Internal Control System ◽  
Analysis And Synthesis ◽  
Lending Institutions ◽  
Insight Into ◽  
Credit Institutions

Subject. This article explores the concepts of Risk-Oriented Internal Control and Risk-Oriented Internal Control System in credit institutions. Objectives. The article aims to improve the concepts of Risk-Oriented Internal Control and Risk-Oriented Internal Control System in credit institutions on the basis of actual-to-date scientific research, applicable international and Russian regulatory documents on internal control, and current economic realities. Methods. For the study, I used the methods of logical analysis and synthesis, grouping, comparison, scientific abstraction, and other methods of scientific knowledge. Results. The article proposes improved definitions of Risk-Oriented Internal Control, Risk-Oriented Internal Control System and Banking Risk. Relevance. The results of the study can be used by Russian financial establishments when developing or improving the risk-oriented internal control system, as well as in research and teaching activities in the field of study of Finance, Money Circulation and Credit.

Credit Institutions Financial Statements Audit in Russian Federation

Auditor ◽  
2019 ◽  
Vol 5 (2) ◽  
pp. 15-21
Author(s):  
Е. Безрукова ◽  
E. Bezrukova ◽  
Л. Шмарова ◽  
L. Shmarova
Keyword(s):  
Central Bank ◽  
Russian Federation ◽  
Internal Control ◽  
Financial Statements ◽  
Current Trends ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Credit Institutions

Th e paper deals with current trends in the development of the credit institutions’ fi nancial statements audit in the Russian Federation. Th e authors deal with the issues of vesting the Central Bank of Russia with powers in the fi nancial institutions auditing field, as well as dwell on the analysis of the provisions defi ning the features of the credit institutions’ fi nancial statements audit at each stage of the audit assignment included in the “Methodical recommendations on credit institutions’ financial statements audit” approved by the Audit Council under the Ministry of Finance of Russia. The article pays special attention to institutions’ internal control testing.

scholarly journals Analysis Of Accounting Fraud Tendencies At Village Credit Institutions In Gianyar Regency With Pentagon Fraud Approach

2021 ◽  
Vol 2 (2) ◽  
pp. 110-116
Author(s):  
Ni Luh Putu Mita MIATI ◽  
I Nyoman SUTAPA
Keyword(s):  
Leadership Style ◽  
Internal Control ◽  
Partial Least Square ◽  
Least Square ◽  
Accounting Fraud ◽  
Credit Institution ◽  
Accounting Information System ◽  
Credit Institute ◽  
The Village ◽  
Credit Institutions

Village credit institutions (Village Credit Institutions) in Bali serve as a container of wealth belonging to villages and villages in the form of money or other securities. It can be said that village credit institutions have an important role however, there are some cases of fraud that occur in village credit institutions in Bali that have a loss impact especially on the local village. Some research on fraud tendencies has been done but in this study will try to test the influence of accounting fraud tendencies seen from the Pentagon fraud and conducted at the village credit institution in Gianyar Regency. elements contained in the pentagon fraud: (1) Arrogance; (2) Competence/capability; (3) Leadership style (opportunity); (4) Locus of control (pressure); and (5) Rationalization.  The population in this study at the village credit institute in Gianyar Regency with a sample of 75 respondents. From the test results using analysis methods PLS (Partial Least Square). obtained the result that the Effectiveness of Internal Control System has no effect on the tendency of accounting fraud in the Village Credit Institution Gianyar district and the effectiveness of technology-based Accounting Information System negatively affects the accounting fraud tendencies.

Impact of the Locus of Causality and Internal Control on the Social Utility of Causal Explanations

2010 ◽  
Vol 69 (3) ◽  
pp. 173-179 ◽  
Author(s):  
Samantha Perrin ◽  
Benoît Testé
Keyword(s):  
Internal Control ◽  
Three Dimensions ◽  
Social Utility ◽  
External Control ◽  
Job Interview ◽  
Locus Of Causality ◽  
Causal Explanations ◽  
Professional Success ◽  
The Social ◽  
Different Types

Research into the norm of internality ( Beauvois & Dubois, 1988 ) has shown that the expression of internal causal explanations is socially valued in social judgment. However, the value attributed to different types of internal explanations (e.g., efforts vs. traits) is far from homogeneous. This study used the Weiner (1979 ) tridimensional model to clarify the factors explaining the social utility attached to internal versus external explanations. Three dimensions were manipulated: locus of causality, controllability, and stability. Participants (N = 180 students) read the explanations expressed by appliants during a job interview. They then described the applicants on the French version of the revised causal dimension scale and rated their future professional success. Results indicated that internal-controllable explanations were the most valued. In addition, perceived internal and external control of explanations were significant predictors of judgments.

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