scholarly journals 2.1. USING TAKSONOMY XBRL IN ACCOUNTING, ANALYTICAL AND CONTROL PROCEDURES

2020 ◽  
Author(s):  
К.Ю. Бурцева
Keyword(s):  
Financial Reporting ◽  
Internal Control ◽  
Monitoring And Control ◽  
Business Reporting ◽  
Foreign Companies ◽  
Control Functions ◽  
Control Procedures ◽  
Management Policies ◽  
Internal Standardization ◽  
And Control

В исследовании изучены возможности применения технологий XBRL в учетном, аналитическом и контрольном инструментарии. Спецификации XBRL предоставляют собой технические аспекты создания документов для применения их пользователями в Интернете, также таксономии XRBL могут использоваться для улучшения функций и аппарата контроля, на их основе представляется возможным создание комплексной системы контроля, функционирующей на всех уровнях иерархии организации и во всех сферах ответственности. В статье изучены возможности применения технологий XBRL в различных аспектах деятельности организации. Исследован опыт компании Fujitsu, внедрившей XBRL во многих филиалах своей компании по всему миру, используя XML и XBRL для собственной внутренней стандартизации и отчетности. Выделены преимущества применения XBRL для целей документирования и представления информации о внутреннем контроле. Предложено использовать опыт зарубежных компаний для повышения прозрачности отчетности, эффективности мониторинга аспектов управления и контроля, также рекомендовано разрабатывать и внедрять таксономию XBRL корпоративного управления, которая согласуется с таксономиями финансовой отчетности для сбора нефинансовой информации о компании, касающейся политики управления, прав и обязанностей акционеров, информации о директорах. Стандартизация бизнес-отчетности с применением технологий XBRL поможет обеспечить прозрачность для инвесторов и кредиторов, облегчая функций мониторинга и контроля для регуляторных и надзорных органов. The study examined the possibilities of using XBRL technologies in accounting, analytical and control tools. XBRL specifications provide the technical aspects of creating documents for use by users on the Internet, XRBL taxonomies can also be used to improve control functions, it seems possible to create a comprehensive control system that operates at all levels of the organization hierarchy and in all areas of responsibility. The article explores the possibilities of using XBRL technology in various aspects of the organization. The experience of Fujitsu, which has implemented XBRL in many branches of its company around the world, using XML and XBRL for its own internal standardization and reporting, is examined. The advantages of using XBRL for documenting and reporting internal control information are highlighted. It is proposed to use the experience of foreign companies to increase transparency of reporting, monitor the effectiveness of management and control aspects, it is also recommended to develop and implement a corporate governance XBRL taxonomy, which is consistent with the taxonomy of financial reporting to collect non-financial information about the company regarding management policies, rights and obligations of shareholders, information about directors. Standardizing business reporting with XBRL technology will help ensure transparency for investors and lenders by facilitating monitoring and control functions for regulators and supervisors.

scholarly journals ICAN- International Common Assessment Number: The need of the hour

2012 ◽  
Vol 2 (3) ◽  
pp. 147
Author(s):  
G.V. Satya Sekhar
Keyword(s):  
Financial Reporting ◽  
Tax Planning ◽  
Assessment System ◽  
Monitoring And Control ◽  
Double Taxation ◽  
Policy Makers ◽  
Corporate World ◽  
Transfer Prices ◽  
And Control ◽  
Uniform Assessment

When   there is a system of international financial reporting system (IFRS) is much in discussion, why the policy makers are not thinking for ICAN( International Common Assessment Number) in place of PAN (Permanent Assessment Number)as in the  in case of assessees in India.    In this situation, any individual’s income earned any where in the world can become  under a common tax planning tool.The government of India has agreements with most other nations that determine how multinational companies are taxed. In other words, the tax treaties attempt to avoid the double-taxation that would occur if two nations taxed the same income. Since transfer prices represent revenue to the upstream division and an expense to the downstream division, the transfer price affects the calculation of divisional profits that represent taxable income in the nations where the divisions are based. Further, double taxation avoidance agreements also helpful for monitoring and control of fraudulent affairs in the corporate world. In this context, this paper is intended to examine the significance of uniform assessment system in the entire world and need for common assessment number. 

scholarly journals ANALISIS INTERNAL CONTROL PENJUALAN PROPERTI PADA PT. CIPUTRA INTERNASIONAL

2017 ◽  
Vol 12 (2) ◽  
Author(s):  
Desi Diyanti Palimbong ◽  
Herman Karamoy ◽  
Rudy J. Pusung
Keyword(s):  
Data Collection ◽  
Internal Control ◽  
Research Use ◽  
Collection Method ◽  
Data Collection Method ◽  
Descriptive Research ◽  
Sales Process ◽  
Control Procedures ◽  
And Control

Sales is one of the important aspects for the continuity of the company, because of the company's sales earn profit, so the system and control is very important to control the sales activity. The purpose of this research is to analyze the internal control at PT. Ciputra International. Writing method in this research use Descriptive research with data collection method that is interview and observation directly. The results of this study are expected to assist and evaluate the company in the application of sales control procedures. Based on the results of research that the application of control at PT. Ciputra International has complied with generally accepted standards where authorization systems in the sales process become the main guidelines involving marketing, financial, legal, and corporate divisions that are closely interconnected so that the system will react dynamically if there is a change in the sales process. In such cases, the control of the sales process can be controlled effectively and efficiently in accordance with the provisions that become the company's procedure.Keywords: Internal Control and Sales.

scholarly journals The Efficiency of Applying the Internal Control Components Based on COSO Framework to Transparently Carry out Tasks and Services, Ensure Integrity and Enhance Quality and Efficiency: Case Study - The Greater Amman Municipality

2020 ◽  
Vol 11 (2) ◽  
pp. 371
Author(s):  
Ola Muhammad Khersiat
Keyword(s):  
Internal Control ◽  
Positive Impact ◽  
Internal Audit ◽  
Independent Study ◽  
Control Environment ◽  
Communications Systems ◽  
Control Procedures ◽  
And Control

This study aimed to measure the efficiency of employing the internal control components based on COSO framework to transparently carry out tasks and services, ensure integrity and enhance quality and efficiency, so as to contribute to promoting the adoption of internal control components based on the COSO framework, applying them and analyzing their efficiency in performing tasks transparently, ensuring integrity and enhancing quality and efficiency, particularly with the Amman`s Municipality efforts to create a directorate that operates the internal control while ensuring the integrity of the proceedings, carrying out tasks and services transparently and boosting citizen's confidence in the Greater Amman Municipality resolutions. One of the main findings of the study would be in the fact that the independent study variables represented in the internal audit based on the COSO framework has a highly positive impact in performing tasks transparently to ensure integrity, boost quality and efficiency at the Greater Amman Municipality. Results show that the communications systems component was the most highly applicable, followed by the follow-up and control procedures and activities, whereas the control environment came third, followed by risks and response procedures identification and assessment, and finally came the appropriate follow-up component in the fifth place.

Tracking non-native vertebrate species: indicator design for the United States of America

2008 ◽  
Vol 35 (3) ◽  
pp. 235 ◽  
Author(s):  
Laura A. Meyerson ◽  
Richard Engeman ◽  
Robin O'Malley
Keyword(s):  
Native Species ◽  
The United States ◽  
Private Institutions ◽  
Vertebrate Species ◽  
Monitoring And Control ◽  
National Scale ◽  
The Usa ◽  
Management Policies ◽  
And Control ◽  
National Environmental

Basic information on the distribution, spread and impacts of non-native species in the USA is not available to those who shape national environmental policy. Although the USA spends billions of dollars annually on introduced species research, monitoring and control efforts, only a limited number of government agencies or private institutions are able to provide definitive reports on more than a handful of these species at a national scale. Research on invasive species is only of marginal practical value if the information cannot be succinctly and effectively transmitted to those who determine the management policies, budgets and objectives. To remedy this situation, a national-scale approach for monitoring established non-native species has been developed under the auspices of the Heinz Center as part of ‘The State of the Nation’s Ecosystems’ project. This paper specifically describes the strategies for reporting on indicators for non-native vertebrate species developed through inputs by experts from academia, industry, environmental organisations and government.

Strange Bedfellows: Communist Party Institutions and New Governance Mechanisms in Chinese State Holding Corporations

2002 ◽  
Vol 4 (1) ◽  
pp. 91-115 ◽  
Author(s):  
Christopher A. McNally
Keyword(s):  
Corporate Governance ◽  
Communist Party ◽  
New Governance ◽  
Monitoring And Control ◽  
Managerial Performance ◽  
State Sector ◽  
Corporate Transparency ◽  
Control Functions ◽  
Corrosive Effect ◽  
And Control

Analyses of corporate governance problems in China's state sector have mainly focused on administrative interference from state agencies. So far the influence of Communist party institutions has received little attention. Although the influence of ideology has diminished greatly, the Chinese Communist party continues to monitor and control economic actors at every level of the state sector. This article shows that the institutional structure through which the party executes its monitoring and control functions has a corrosive effect on the day-to-day governance of the vast majority of state enterprises. The party's management structure aggravates the inadequate monitoring of managerial performance, weakens managerial incentives, and amplifies insufficient corporate transparency, thereby allowing state asset managers to carve out informal spheres of autonomy. These spheres of autonomy create opportunities for insider control, economic corruption, and the illicit privatization of state assets. Effective and sustainable privatization and corporate governance reforms in China's state sector will thus require the party to substantially diminish its authority over state sector executives.

scholarly journals ¿Son las características del comité de auditoría importantes para el presupuesto de auditoría interna en empresas de Malasia?

2018 ◽  
Vol 63 (2) ◽  
pp. 32
Author(s):  
Redhwan Al-Dhamari ◽  
Almahdi Almagdoub ◽  
Bakr Al-Gamrh
Keyword(s):  
Financial Reporting ◽  
Internal Control ◽  
Audit Committee ◽  
Negative Impact ◽  
Internal Audit ◽  
Internal Governance ◽  
Policy Makers ◽  
Control Functions ◽  
Study Support ◽  
Recent Policy

<p class="Default"><span lang="EN-US">An audit committee is viewed as an essential self-regulatory internal governance instrument that is expected to provide an oversight role over the entire process of financial reporting. An internal audit is also one of the corporate governance cornerstones that is essential for the effective monitoring of the operating performance of internal control. To ensure its effectiveness, the audit committee monitors the resources available to the internal audit, and internal control functions should be directly reported to the audit committee. This study analyses the effect of audit committee characteristics on internal audit budget in Malaysia, where data on internal audit budget is available and how well audit committee monitors the internal audit function is questionable. Our study also opens the door to an unanswered question, that is, whether an audit committee index is related to internal audit budget. Data of 96 companies listed on Bursa Malaysia for a three-year period, 2012-2014, was utilized to achieve this end. The regression results show that audit committee meeting and index are significantly and positively associated with internal audit budget. They also indicate that audit committee tenure has a significant and negative impact on internal audit budget. The findings of the study support the recent policy initiatives in relation to audit committee and internal audit. They also serve as a wake-up call to policy makers in requiring more committed and skilled members on the audit committee.</span></p>

scholarly journals Methodological Approaches to Establishing the System of Internal Control in Agricultural Companies

2020 ◽  
Vol 7 (5) ◽  
pp. 69-79
Author(s):  
I. V. Alekseeva ◽  
V. A. Mosentseva
Keyword(s):  
Control System ◽  
Internal Control ◽  
Agricultural Enterprises ◽  
Effective Functioning ◽  
Control Functions ◽  
Internal Control System ◽  
Effective System ◽  
Internal Standardization ◽  
Specific Regulation ◽  
Control Service

The system of internal control (ICS) plays an important role in the management of agricultural enterprises. Methodological support of internal control is a key to their effective functioning. Regulatory framework in this area is lacking which calls for the clear industry-specific internal standardization including the standard to regulate control functions. To make the study and substantiate the results the following general scientific methods and instrumental technologies of scientific knowledge were used: logical and comparative analysis, modeling, retrospective, systemic, process, process-oriented approaches. The article provides the structure and content of the optimal (reference) version of the Provision for the effective functioning of the internal control system to unify the internal industry-specific regulation and improve the work of the internal control service. It requires the comprehensive approach to improving the quality of the internal control system based on methodological developments in question. The proposals within the framework of this study are the basis for setting up an effective system of internal control. Methodological developments and the standard itself can be integrated into a software product used in an agricultural company, which will increase the effectiveness and efficiency of the internal control service.

scholarly journals Suggestion of Design Evaluation Plan based on Star Life Cycle to introduce the Information Minimalism Concept of KOREA Nuclear Plant

2018 ◽  
Vol 170 ◽  
pp. 03003
Author(s):  
Gwi-sook Jang ◽  
Seung-min Lee ◽  
Gee-yong Park
Keyword(s):  
Life Cycle ◽  
Interface Design ◽  
Nuclear Power ◽  
Design Evaluation ◽  
Monitoring And Control ◽  
Evaluation Plan ◽  
Display Devices ◽  
Control Functions ◽  
Human Operators ◽  
And Control

The design of Korea Nuclear Power Plant (NPP) main control rooms (MCR) has been changed to be fully digitalized. Five or six display devices are assigned to each operator in NPP MCR to provide the information of safety parameter and plant status, and various control functions by connecting computerized control devices. Under this circumstance, the distributed displays can induce a dispersion of the operators’ attention and increase the workload while conducting monitoring and control tasks efficiently. In addition, to support human operators to reduce their workload and increase the performance, the concepts of the ecological interface design (EID) and the operator-centered design were applied to the design HMI display. However these designs are applied to a limited set of screens and did not differ largely from the traditional HMI design in that the layout of the information is somewhere similar to P&IDs. In this paper, we propose a design evaluation plan based on star life cycle to introduce the information minimalism concept for designing an HMI display.

The Influence of Internal Control Factors on the Perfomance Effectiveness of the Garment, Agricultural and Chemical Enterprises Listed on Vietnam’s Stock Market

2020 ◽  
Vol 36 (1) ◽  
Author(s):  
Do Huy Thuong ◽  
Nguyen Thi Phuong Hong
Keyword(s):  
Risk Assessment ◽  
Stock Market ◽  
Internal Control ◽  
Research Result ◽  
Control Environment ◽  
Monitoring And Control ◽  
Performance Effectiveness ◽  
Control Factors ◽  
Information And Communication ◽  
And Control

The research focuses on analysing the impacts of internal control factors on the performance effectiveness of the garment, agricultural and chemical enterprises listed on Vietnam’s stock market. The research result shows that of the factors of Risk Assessment, Control Activities, Information and Communication, Monitoring and Control Environment, the factor of Information and Communication has the strongest effect on the performance effectiveness of the enterprises. Next to it is Risk Assessment, Control Environment and Monitoring. The factor of Control Activities has the least influence on the performance effectiveness of the enterprises.

scholarly journals A Microforecasting Module for Energy Management in Residential and Tertiary Buildings †

Energies ◽  
2019 ◽  
Vol 12 (6) ◽  
pp. 1006 ◽  
Author(s):  
Sergio Bruno ◽  
Gabriella Dellino ◽  
Massimo La Scala ◽  
Carlo Meloni
Keyword(s):  
Energy Management ◽  
Predictive Control ◽  
Moving Average ◽  
Hierarchical Control ◽  
Control Device ◽  
Small Scale ◽  
Monitoring And Control ◽  
Control Functions ◽  
The Right ◽  
And Control

The paper describes the methodology used for developing an electric load microforecasting module to be integrated in the Energy Management System (EMS) architecture designed and tested within the “Energy Router” (ER) project. This Italian R&D project is aimed at providing non-industrial active customers and prosumers with a monitoring and control device that would enable demand response through optimization of their own distributed energy resources (DERs). The optimal control of resources is organized with a hierarchical control structure and performed in two stages. A cloud-based computation platform provides global control functions based on model predictive control whereas a closed-loop local device manages actual monitoring and control of field components. In this architecture, load forecasts on a small scale (a single residential or tertiary building) are needed as inputs of the predictive control problem. The microforecasting module aimed at providing such inputs was designed to be flexible, adaptive, and able to treat data with low time resolution. The module includes alternative forecasting techniques, such as autoregressive integrated moving average (ARIMA), neural networks, and exponential smoothing, allowing the application of the right forecasting strategy each time. The presented test results are based on a dataset acquired during a monitoring campaign in two pilot systems, installed during the ER Project in public buildings.

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