scholarly journals Application of Combined Assurance as a New Approach to Integrate Internal Audit, Governance, and Risk Management: A Case Study on Indonesia Financial Service Authority

2019 ◽  
Author(s):  
Aulia Natasya Irfani Ampri ◽  
Desi Adhariani
Keyword(s):  
Risk Management ◽  
Internal Audit ◽  
Financial Service ◽  
Financial Service Authority ◽  
New Approach

Data Management 4.0 for Financial Service Authority (FSA): A Case Study in Indonesia

2021 ◽  
Author(s):  
Nilo Legowo ◽  
Gunawan Wang ◽  
Sabiq Adzhani Hammam ◽  
Wirianto ◽  
Ali Gunawan ◽  
...  
Keyword(s):  
Data Management ◽  
Financial Service ◽  
Financial Service Authority

scholarly journals Quality risk analysis of cocoa agroindustry: a case study in Pesawaran District, Lampung Province

2021 ◽  
Vol 892 (1) ◽  
pp. 012058
Author(s):  
Sucipto ◽  
S Wulandari ◽  
I Ariani
Keyword(s):  
Risk Management ◽  
Value Chain ◽  
Raw Materials ◽  
Continuous Production ◽  
Management Strategies ◽  
Internal Audit ◽  
Documentation System ◽  
Quality Risk ◽  
The Government

Abstract Quality is a critical issue in small and medium scale cocoa agroindustry, which affected competitiveness significantly. Product quality is strongly influenced by implementing best practices in cocoa production and processing. This study aims to identify quality risks, analyze risks, and develop risk management strategies in the cocoa agroindustry using a case study. Analysis used Quality Risk Matrix to map the risks and Analytical hierarchy process to develop a quality risk management (QRM). The results showed that blooming is the highest quality risk, followed by taste differences, moisture content of raw materials, and color differences. From the management aspect, QRM in the cocoa agroindustry includes documentation system management, implementation of training regularly, implementation of internal audit, periodic reviews, impact assessment, development reports and controls verification, and development of an integrated supply chain systems. QRM includes providing facilities, maintenance of equipment and utilities, material management development, packaging and labeling, and continuous production methods from the technical side. The implementation of QRM in the cocoa agroindustry is carried out through improvements in the production process. In addition, the implementation of QRM requires support from the government and other stakeholders in the cocoa value chain.

scholarly journals Potential relationship of internal control, internal audit and risk management in company – the case study of Vingroup in Vietnam

2021 ◽  
Vol 7 (Extra-C) ◽  
pp. 20-28
Author(s):  
Hoang Thanh Hanh ◽  
Dinh Tran Ngoc Huy
Keyword(s):  
Risk Management ◽  
Internal Control ◽  
Quantitative Methods ◽  
Internal Audit ◽  
Potential Relationship ◽  
Study Results ◽  
Analysis And Synthesis ◽  
Managing Risk ◽  
Management Functions

There is interaction and relationship among internal control activities, internal audit and risk management in the firm, we conduct this study to address these functions in a case study of Vingroup in real estate industry in Vietnam , esp. We would like to mention potential relationship between these activities in companies and in this specific case. Authors mainly use experience and advice from experts, together with quantitative methods (statistics, calculation formulas) and qualitative methods including synthesis, inductive and explanatory methods.  Our study results show that. And because CPI, G has negative relation with ROE while Rf has positive relation with ROE, macro policies can help to control inflation and GDP growth not increasing much to be in favor of ROE of Vingroup and toward benefits for managing risk. Finally, through analysis and synthesis, we will give suggestions for better internal control mechanism, internal audit and risk management functions in companies as well as in a specific case of Vingroup.

scholarly journals Comparison of Financial Performance Buku III Indonesian Banks Using Risk-Based Bank Rating (RBBR) Method: Case Study of PT. Pan Indonesia Bank, Tbk (Panin) and PT. Bank Mega, Tbk (Mega)

2020 ◽  
Vol 4 (1) ◽  
pp. 37-45
Author(s):  
Wiwiek Mardawiyah Daryanto
Keyword(s):  
Corporate Governance ◽  
Commercial Banks ◽  
Risk Profile ◽  
Financial Service ◽  
Financial Health ◽  
Financial Service Authority ◽  
Good Corporate Governance ◽  
Circular Letter ◽  
The Government

Indonesia has experienced economic crisis in 1997/1998 and 2008, these events motivate the government to have a strong assessment to evaluate the financial health of the company. Related to the banks industry, government of Indonesia through Financial Service Authority or Otoritas Jasa Keuangan (OJK) issued the Circular Letter of OJK No. 14/SEOJK.03/2017 about Risk-Based Bank Rating (RBBR) approach that include the evaluation of risk profile, good corporate governance, earnings, and capital. The purpose of this study is to assess the financial health of the two open recorded non-expressed claimed BUKU III banks in Indonesia, which are Bank PT. Pan Indonesia Bank, Tbk (Panin) and PT. Bank Mega, Tbk (Mega) from year of 2014 to 2018. The methodology used is RBBR approach concerning the Rating of Health of Commercial Banks. The data were collected from the yearly report of the banks, fiscal reports, diaries, and articles of PT. Bank Mega and PT. Bank Panin. During the five year trend, the result of this study reveals that the two banks have performed well. However, Bank Mega has performed better in terms of Loan to Deposit Ratio (LDR) compared to Bank Panin. This study has added the knowledge in the financial literature. It also brings benefit for managers to help them make a better decision to address their company’s problem.  

Effect of Financial Control Mechanisms on Performance of Income Generating Units in Selected Public Universities in Kenya

2019 ◽  
Vol 3 (V) ◽  
pp. 286-304
Author(s):  
Shadrack Musunkui Towett ◽  
Isaac Naibei ◽  
Williter Rop
Keyword(s):  
Risk Management ◽  
Internal Control ◽  
Public Universities ◽  
Management Strategies ◽  
Internal Audit ◽  
Simple Random Sampling ◽  
Target Population ◽  
Control Measures ◽  
Financial Control ◽  
Control Mechanisms

In an attempt to bridge the gap between the budgetary allocations and actual expenditures most universities have started income generating units with the aim of boosting their operational expenses. Whereas there is the potential of the use of Income Generating Units (IGUs) to generate additional funds, most universities still experience challenges in full implementation and realization of the revenue goal. This study therefore sought to determine the financial control mechanisms affecting performance of income generating units among selected public universities. The study sought to determine the effect of internal controls, credit policies, financial risk management and internal audit on performance of income generating units in selected universities. Targeted population was all the 290 employees in the IGU departments of selected public universities. The respondents were sampled using simple random sampling so as to enable equal representation of the target population without any biasness. Data collection was done using the questionnaire to ensure sufficient data was collected from the respondents. Descriptive statistics assisted in the determination of respondent’s views and opinions on every variable. Qualitative data was analysed using content analysis into meaningful, precise and comprehensive statements and presented in quotations. Data analysis was done using SPSS version 21 and data presented in form of figures and tables. The study ensured that all ethical considerations were considered by the study. The findings were that most employed Income Generating Units in Public Universities were Collection of rental fees, Evening and executive programs and Trainings of both short and long courses while the least was established to be Sales of memorabilia and books. All the financial control mechanism investigated namely internal audit, internal control measures, risk management strategies and credit policies had large extents of adoption in the selected universities. The results of the regression analysis showed that the financial control mechanisms investigated had a significant positive relationship on performance of the IGUs. Specifically, 47% of the variation of the performance of IGUs was established to be explained by the studied factors. The study concluded that the performance of the IGUs among the selected public universities was largely accounted for by the implemented financial control measures. Therefore effective financial control mechanisms is concluded to lead to better IGU performance whereas shortcomings in the financial control mechanisms is concluded to lead to diminished returns in the IGUs. The study recommended that the management in charge of the IGU department in the public universities to prioritize the formulation, implementation and monitoring of financial control mechanisms in the IGUs. To facilitate effective financial controls, the study recommended that the management especially those in the audit section to conduct regular checks and inspections on the IGUs. Additionally, frequent reforms were recommended to address the shortcomings experienced in integrating financial control measures in IGUs.

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