scholarly journals Selection Internal Control over Financial Reporting Framework in the Republic of Indonesia using Analytic Hierarchy Process Approach

2018 ◽  
Vol 6 (5) ◽  
Author(s):  
Dedhi Suharto ◽  
M. Syamsul Maarif ◽  
DS Priyarsono, Kirbrandoko

System of the internal control over financial reporting (ICOFR) on state finance management in the Republic of Indonesia had been designed using soft system methodology. ICOFR framework in the Republic of Indonesia was needed. Based on questionnaire, we found risk focus, applicability, harmony with PP No. 60/2018, can be applied in entity and transactional level, and can be applied IT environment as criteria. We found understandability, clarity of control components, and effectiveness assessment as sub criterion of criterion applicability and we found general control and application control as sub criterion of criterion ‘can be applied in IT environment’. The Analytic Hierarchy Process (AHP) methodology are  used to choose best alternative. Calculations of the results by Expert Choice software indicated COSO ranked 1st, COBIT ranked 2rd, and CoCo ranked 3th. 

2016 ◽  
Vol 9 (7) ◽  
pp. 80
Author(s):  
Derya Gul ◽  
Ahmet Serhat Uludag

<p>The concepts of leaders and leadership have been dealt with by many different disciplines, such as psychology and sociology, with the fields of management and political science being foremost, and have become frequent subject matter of academic discussions and research. The first studies in this field took place at the beginning of the 20<sup>th</sup> century, with analysis of important personalities that changed the course of the history and shaped societies’ futures with their extraordinary abilities and characteristics. It was predominantly these characteristics, as well as behavioral and situational approaches, that formed the basis of these first studies. The objective of this study is to determine which of the six presidents of the Republic of Turkey, who have served or are serving as Head of State, has more of the charismatic leadership characteristics, employing an interdisciplinary methodology in which multi-criteria decision-making methods and techniques are used. Within this context, the traits that a leader and a charismatic leader should have were determined, the weights of these traits were calculated using the Analytic Hierarchy Process (AHP), the calculated weights were used in the Fuzzy TOPSIS method, and the presidents were analyzed from the perspective of charismatic leadership. The results obtained support the predictions made before the study was begun. It was determined that Turgut Ozal, who was the 8<sup>th</sup>President of Republic of Turkey, is the most charismatic leader among the selected presidents.  </p><p>The concepts of leaders and leadership have been dealt with by many different disciplines, such as psychology and sociology, with the fields of management and political science being foremost, and have become frequent subject matter of academic discussions and research. The first studies in this field took place at the beginning of the 20<sup>th</sup> century, with analysis of important personalities that changed the course of the history and shaped societies’ futures with their extraordinary abilities and characteristics. It was predominantly these characteristics, as well as behavioral and situational approaches, that formed the basis of these first studies. The objective of this study is to determine which of the six presidents of the Republic of Turkey, who have served or are serving as Head of State, has more of the charismatic leadership characteristics, employing an interdisciplinary methodology in which multi-criteria decision-making methods and techniques are used. Within this context, the traits that a leader and a charismatic leader should have were determined, the weights of these traits were calculated using the Analytic Hierarchy Process (AHP), the calculated weights were used in the Fuzzy TOPSIS method, and the presidents were analyzed from the perspective of charismatic leadership. The results obtained support the predictions made before the study was begun. It was determined that Turgut Ozal, who was the 8<sup>th</sup> President of Republic of Turkey, is the most charismatic leader among the selected presidents.  </p>


2019 ◽  
Vol 26 (3) ◽  
pp. 35-39
Author(s):  
Jelena Jardas Antonić ◽  
Ivana Matković ◽  
Kristina Kaštelan

AbstractIntroduction. High-category hotels are considered to be one of the most important elements of every tourist destination’s supply. Recently, the lack of highly rated hotels in the Republic of Croatia has often been criticized by the public because they are believed to be a prerequisite in the creation of a competitive tourist offer.Material and methods. The authors have performed a multi-criteria decision analysis of eight companies owning five-star hotels in Primorsko-Goranska County using the Analytic Hierarchy Process (AHP) method. Their business performance was evaluated based on both financial and market criteria. The financial criteria encompassed indicators of liquidity, indebtedness, activity and profitability. Data regarding the market indicators were collected using a questionnaire.Results. The importance of market criteria in the tourism industry is visible in tourist demand, which is founded on the perception of potential hotel guests, their recognition of the brand and thus the market potential of the hotels themselves. Therefore, both the financial and market aspect have been included in the Analytic Hierarchy Process analysis and synthesized to estimate the overall priority based on which the hotels were ranked. According to all criteria and sub-criteria, the best ranked hotel company is Eles Turizam j.d.o.o with its five-star hotel Mozart (0.2540), followed by Milenij hotels d.o.o. with its Milenij and Milenij Sveti Jakov. The third place has been assigned to Liburnija Rivijera Hoteli d.o.o. and its Ambasador.Conclusions. All but one of the analyzed five-star hotels are under the ownership of the biggest hotel companies in PGŽ with a long presence in the tourism industry. Therefore, it was expected that, due to their market recognizability and, consequently, their good financial performance, they would rank first. However, the research has shown that market potential does not necessarily imply best practices. Eles Turizam and its hotel Mozart were ranked the highest according to financial and overall priority scores. It may thus be concluded that even a small family hotel company with reduced marketing costs, especially one with an elite tourist offer, can compete with big hotel companies if it continuously assures the quality of its services.


10.28945/3187 ◽  
2008 ◽  
Author(s):  
R. Luyinda ◽  
M.E. Herselman ◽  
G.H.K Botha

This paper presents the proposed IT Control objectives for implementing the Public Finance Management Act of 1999 (PFMA) for the Republic of South Africa. The aspects covered in this paper show the main concerns of accounting officers in implementing the PFMA. The ability of IT Control Objectives for Information and related Technology (COBIT) to enable the participation of IT in the design and implementation of internal control over financial reporting for the PFMA is a major finding presented in this paper. However, this area of research is new and further studies to inform the responsibility of IT in facilitating the implementation of the PFMA need to be undertaken. This paper is a maiden effort in that direction.


2011 ◽  
Vol 66-68 ◽  
pp. 1786-1791
Author(s):  
Jian Tang

Analytical hierarchy process method is proposed to assess financial management to realize the accurate financial management assessment in the paper. Analytic hierarchy process is a kind of hierarchical structure, which can estimate the impact of each index by determining the membership between up layer and bottom layer and gaining the weights of each index relative to assessment object. Assessment indexes of structural levels are established by analyzing the correlation of each index. Characteristic vector of the pairing comparison matrix which can be taken as the weights of assessment factors for financial management is established based on analytical hierarchy process. The weights provide a basis for rationality of finance management.


Author(s):  
Amanda Lyn Wilford ◽  
Lawrence D. Bodin ◽  
Lawrence A. Gordon

Since the passage of the Sarbanes-Oxley Act (SOX) of 2002, many studies have examined the impact of material weaknesses in internal control systems (MWICS) on firm performance. Overall, these studies indicate that a negative association exists between poor internal control and firm performance. Prior research suggests that the above noted association between internal control and firm performance should be affected by both the actual number and the different types of MWICS. However, this stream of research has focused on using a binary measure for internal control and has not considered the combined impact that the different types of MWICS may have on firm performance. In this study, we create and introduce a new internal control index, derived from the Analytic Hierarchy Process (AHP). We then show that more information regarding the impact of MWICS can be obtained through our AHP index measure as opposed to the binary measure that is commonly used. These findings have important implications for a firm’s stakeholders (e.g., managers, stockholders, creditors, financial analysts, employees, and auditors).


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