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.

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

Economic diagnostics of accounts receivable and payable in the internal control system of the organization

2021 ◽  
Vol 22 (12) ◽  
pp. 1425-1448
Author(s):  
Liliya B. SUNGATULLINA ◽  
Ilyuza I. MUZAFAROVA
Keyword(s):  
Control System ◽  
Internal Control ◽  
Rate Of Change ◽  
Effective Control ◽  
Accounts Receivable ◽  
Financial Condition ◽  
Internal Control System ◽  
Analysis And Synthesis ◽  
Debt Collection ◽  
Methodological Aspects

Subject. This article considers the methodological aspects of economic diagnostics of accounts receivable and payable in the system of internal control of the organization. Objectives. The article aims to highlight the elements of economic diagnostics of the organization's debt in the internal control system and develop methodological approaches to the assessment of accounts receivable and payable. Methods. For the study, we used analysis and synthesis, induction and deduction, as well as comparison, logical generalization, systemic reasoning, and analytical forecasting tools. Results. The article presents an author-developed methodology of economic diagnostics of resources in settlements in the internal control system of the organization. It is based on an algorithm for assessing the dynamics of the turnover of accounts receivable and payable and monitoring their mutual ratio, identifying debt collection reserves, monetizing and forecasting the repayment of current debts. Also, for the operational systematization of information and effective control over the rate of change in accounts receivable and payable, the article offers developed forms of management reporting. Conclusions and Relevance. The developed methodology for economic diagnostics of accounts receivable and payable helps, on the basis of information on the changes in mutual turnover of obligations in the context of counterparties, identify available financial resources, determine possible reserves for debt collection, and make payment predictions. The results of the study can be applied when organizing the internal control system of accounts receivable and payable in the context of assessing the financial condition of the organization.

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.

Pengaruh Kualitas Sumber Daya Manusia, Pemanfaatan Teknologi Informasi, Dan Sistem Pengendalian Intern Terhadap Ketepatwaktuan Pelaporan Keuangan Pemerintah Desa

2018 ◽  
Vol 26 (2) ◽  
pp. 131-143
Author(s):  
Marlinawati Marlinawati ◽  
Dewi Kusuma Wardani
Keyword(s):  
Information Technology ◽  
Control System ◽  
Human Resources ◽  
Financial Reporting ◽  
Internal Control ◽  
Positive Influence ◽  
Internal Control System ◽  
Speed Up ◽  
Village Government

The purpose of this research is to know the influence between the Quality of Human Resources, Utilization of Information Technology and Internal Control System Against Timeliness of Village Government Financial Reporting at Gunungkidul Regency. This research is causative research. The population is the village government in Gunungkidul Regency, especially in Gedangsari subdistrict. Criteria of respondents in the study were to village and village apparatus. We use questionnaire to collect data. We use multiple regression with SPSS program version 16.0 to analyze data. We find that quality of human resources and internal control system have a positive influence on the timeliness of village government financial reporting. On the other hand, utilization of information technology does not influence the timeliness of village government financial reporting. These imply that the quality of human resources and internal control system can speed up the preparation of village government financial reporting.

Pengaruh Sistem Pengendalian Internal Pemerintah dan Kompetensi Pegawai Terhadap Kinerja Instansi Pemerintah Kabupaten Karimun

2020 ◽  
Vol 5 (1) ◽  
pp. 101-106
Author(s):  
Doni Putra Utama
Keyword(s):  
Control System ◽  
Control Systems ◽  
Internal Control ◽  
Statistical Tests ◽  
Government Agencies ◽  
Government Performance ◽  
Significant Positive Effect ◽  
Internal Control System ◽  
Employee Competencies ◽  
Positive Effect

This research is a causality study with the title "Effect of Government Internal Control Systems and Employee Competence on the Performance of Government Agencies in Karimun Regency." The purpose of this study was to determine the effect of the implementation of the Government's Internal Control System on the performance of Karimun Regency government agencies and to determine the effect of employee competence on the performance of Karimun Regency government agencies. Data collection using a questionnaire where the questionnaire contained questions about the Government's Internal Control System, employee competencies and agency performance. Data were tested using multiple linear regression statistical tests. Based on the results of the study, it can be concluded that the governmental internal control system has a significant positive effect on Government Agency Performance with the results of statistical tests that show a sig value of 0.016 <0.05 (alpha 5%). Employee Competency has a significant positive effect on Government Performance with the results of statistical tests showing a sig value of 0,000.

THE INFLUENCE OF INTERNAL CONTROL SYSTEM EFFECTIVENESS, COMPENSATION COMPLIANCE, AND INFORMATION ASYMMETRY ON THE TENDENCY OF ACCOUNTING FRAUD (A CASE STUDY ON SEHATI CREDIT UNION)

2019 ◽  
Vol 24 (1) ◽  
pp. 23-35
Author(s):  
Amalia Nurul Hidayah ◽  
Misdiyono
Keyword(s):  
Control System ◽  
Information Asymmetry ◽  
Significant Influence ◽  
Internal Control ◽  
Secondary Data ◽  
Credit Union ◽  
Accounting Fraud ◽  
Internal Control System ◽  
System Compensation ◽  
System Effectiveness

A cooperative is a governmental organization established to enhance economic growth and national unity. As the development of the law on cooperatives, the present and developing institutions similar to Savings and Loan Union is called Credit Union. A cooperative is very vulnerable to the risk of loss. Insecurity is possible because of the tendency of accounting fraud. Some things that can affect the tendency of accounting fraud are internal control, compliance compensation, and information asymmetry. This research aims to determine whether there is any influence of internal control system effectiveness, compensation compliance, and information asymmetry on the tendency of accounting fraud. The research uses the quantitative method, and the research subject is Sehati Credit Union. The research data consist of primary and secondary data, especially the purposive sampling data which are collected from 36 respondents. Whereas, the data analysis technique uses multiple regression analysis using SPSS 21 software for Windows. The research concludes that the effectiveness of internal control system has a partially positive significant influence on the tendency of accounting fraud, compensation compliance has a partially negative significant influence on the tendency of accounting fraud, and information asymmetry has a partially positive significant influence on the tendency of accounting fraud. It means that the effectiveness of the internal control system, compensation compliance, and the information asymmetry have significant influences on the tendency of accounting fraud. Keywords: Internal Control System, Compensation Compliance, Information Asymmetry, Accounting Fraud.

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.

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