The Application of Information Technology in Bank Accounting Internal Control Risk

2014 ◽  
Vol 631-632 ◽  
pp. 1291-1294 ◽  
Author(s):  
Xiao Chun Shi ◽  
Shuai Wang
Keyword(s):  
Risk Management ◽  
Control System ◽  
Internal Control ◽  
Control Mode ◽  
Supervision System ◽  
Internal Control System ◽  
Management Responsibility ◽  
The Cost ◽  
Responsibility System ◽  
Control Risk

The lack of the internal control conditions cause the bank accounting’s internal control risk. The cost of the internal control is large. The internal control mode is imperfect and the execution is not in place. The internal control supervision system, supervision and restraint are lack. How to perfect the internal control system and resolve the bank accounting internal control risk effectively? Based on the analysis of the causes of the risk, we think that establish risk management responsibility system and strengthen the assessment of employees are the targeted suggestions.

scholarly journals ANALISIS SISTEM PENGENDALIAN INTERNAL ATAS PEMBIAYAAN MURABAHAH PADA BRI SYARIAH KC MANADO

2018 ◽  
Vol 13 (04) ◽  
Author(s):  
Ummu Almaas Khoirunnisaa ◽  
Hendrik Manossoh ◽  
Dhullo Afandi
Keyword(s):  
Control System ◽  
Internal Control ◽  
Descriptive Analysis ◽  
Internal Controls ◽  
Selling Price ◽  
Internal Control System ◽  
The Cost ◽  
Document Review ◽  
Rules Set ◽  
Collection Methods

            Murabaha is a sale and purchase agreement with the selling price of goods at cost plus an agreed profit which the seller must disclose the cost of the goods to the buyer. The purpose of this research is to analyze the internal control system applied to BRI Syariah KC Manado whether it has been effective and in accordance with the principles of COSO (Committee Of Sponsoring Organizations). Data analysis method of this research is using descriptive analysis that compares the results of observations, interviews, document analysis established by the company with existing theory. Data collection methods in this study are interviews, observation, and document review. The results shows that internal controls applied for murabahah financing at BRI Syariah KC Manado include rules set by management, organizational structure, forms and documents used in murabahah financing, recording of legitimate financing transactions, and monitoring of financing. Internal control of murabahah financing at BRI Suyariah KC Manado has been running quite well. But in application still found weaknesses that can hinder the implementation of internal controls in the company. Still found employees who do double job. This is not in accordance with the principle of COSO, where Commitment in the Competence of employees should be improved and more qualified in various areas of specialization. BRI Syariah KC Manado in applying internal controls can be affirmed and in accordance with the principles of COSO.Keywords: COSO, murabahah financing, internal control system.

The Concept of the Organizational and Economic Mechanism for the Functioning of Internal Control

Auditor ◽  
2019 ◽  
Vol 5 (9) ◽  
pp. 46-57
Author(s):  
М. Аристархова ◽  
M. Aristarhova ◽  
В. Фахрутдинов ◽  
V. Fahrutdinov
Keyword(s):  
Risk Management ◽  
Control System ◽  
Organizational Structure ◽  
Internal Control ◽  
Economic Mechanism ◽  
Internal Control System ◽  
Functional Components

Th e presented article touches upon topical issues of the functioning of internal control at the enterprise. A toolkit has been developed for the organizational and economic mechanism for the functioning of internal control, which includes principles, functions, logic, the time aspect, controlling, and norms. Th e structural and functional components of internal control are highlighted. An adaptive organizational structure of the risk management and internal control system has been formed, which can be the basis for the formation of a model for the functioning of the internal control of a gas transmission company

Organization of Internal Control System and Risk Management of Accounts Receivable in Gas Supply Organizations

Auditor ◽  
2018 ◽  
Vol 4 (6) ◽  
pp. 31-41 ◽  
Author(s):  
О. Ефимова ◽  
O. Efimova ◽  
Л. Каширская ◽  
L. Kashirskaya ◽  
Алексей Ситнов ◽  
...  
Keyword(s):  
Risk Management ◽  
Control System ◽  
Internal Control ◽  
Point Of View ◽  
Practical Implementation ◽  
Accounts Receivable ◽  
Internal Control System ◽  
Gas Supply

Th e authors off ered their point of view and ways to develop the methodology and tools for creating a system of internal control and risk management of receivables in these companies. As a result of the study, the authors identifi ed their proposals for the practical implementation of this problem.

scholarly journals INTERNAL CONTROL SYSTEM OF THE STATE ISLAMIC UNIVERSITIES IN INDONESIA: STUDYING THE EFFECTIVENESS AND RISK MANAGEMENT

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Azharsyah Ibrahim ◽  
Ana Fitria ◽  
Azimah Dianah
Keyword(s):  
Risk Management ◽  
Control System ◽  
Internal Control ◽  
Negative Impact ◽  
Control Unit ◽  
The State ◽  
Primary Data ◽  
Internal Control System ◽  
The University ◽  
Banda Aceh

This study intends to analyze the effectiveness of the implementation of the internal control system at the State Islamic Universities in Indonesia (PTKIN) including identifying its risk management. The empirical study was conducted at Ar-Raniry State Islamic University (UIN Ar-Raniry) Banda Aceh. Primary data was gathered through a survey that was distributed to 128 respondents within the university. Additional data were collected using semi-structured in-depth interviews with nine key personnel of the internal control unit of several Islamic universities in Indonesia. The result shows that UIN Ar-Raniry, based on eight elements of the control environment assessed, has sufficient internal control system with a score of 62.79. However, many steps need to undertake by the university’s management to be more effective and able to reduce risk management. A similar condition was also found in other PTKINs as identified during the interviews process with their key personnel. It also found that the internal control system was effective in identifying 69 risk sources that could potentially have a negative impact on the university performance, especially in terms of financial report reliability, asset security, effectiveness and efficiency of activities, and compliance with regulations. Based on the results, it is expected that the PTKIN should be more focus on internal control activities and linked them to the risk assessment which are regularly evaluated.==============================================================================================Sistem Pengendalian Internal pada Perguruan Tinggi Keagamaan Islam Negeri di Indonesia: Kajian terhadap Efektivitas Pelaksanaan dan Risiko Pengelolaan. Kajian ini bertujuan untuk menganalisis efektivitas pelaksanaan sistem pengendalian internal pada Perguruan Tinggi Keagamaan Islam Negeri di Indonesia (PTKIN) termasuk mengindentifikasi risiko pengelolaan yang muncul. Studi empiris dilakukan pada Universitas Islam Negeri Ar-Raniry (UIN Ar-Raniry) Banda Aceh. Data primer dikumpulkan melalui angket yang didistribusikan kepada 128 responden, yang terdiri dari para pejabat dalam UIN tersebut. Data tambahan dikumpulkan melalui wawancara mendalam secara semi-terstruktur dengan sembilan personil kunci dari Satuan Pengawasan Internal PTKIN BLU di Indonesia. Hasil kajian menunjukkan bahwa, berdasarkan delapan elemen dari lingkungan pengendalian yang ases, UIN Ar-Raniry mempunyai skor 62,79 (kategori cukup). Data ini menunjukkan bahwa walaupun termasuk ke dalam kategori cukup, masih banyak hal yang harus dilakukan oleh UIN Ar-Raniry sehingga dapat meminimalisir risiko pengelolaan universitas. Kondisi yang relatif sama juga ditemukan di PTKIN BLU lainnya seperti yang teridentifikasi selama proses wawancara dengan beberapa personil kuncinya. Sistem pengendalian internal yang diimplementasikan di UIN Ar-Raniry telah efektif dalam mengidentifikasi 69 sumber risiko yang berpotensi memberikan dampak negative bagi kinerja universitas, khususnya dalam hal keandalan laporan keuangan, keamanan aset, efektivitas and efisiensi kegiatan, dan kepatuhan terhadap aturan. Berdasarkan temuan kajian, PTKIN direkomendasikan untuk lebih focus terhadap kegiatan pengendalian internal dan menghubungkannya dengan asesmen risiko yang dievaluasi secara berkala.

The Concept of the Organizational and Economic Mechanism for the Functioning of Internal Control

Auditor ◽  
2019 ◽  
Vol 5 (8) ◽  
pp. 26-33
Author(s):  
М. Аристархова ◽  
M. Aristarhova ◽  
В. Фахрутдинов ◽  
V. Fahrutdinov
Keyword(s):  
Risk Management ◽  
Control System ◽  
Organizational Structure ◽  
Internal Control ◽  
Economic Mechanism ◽  
Internal Control System ◽  
Functional Components

Th e presented article touches upon topical issues of the functioning of internal control at the enterprise. A toolkit has been developed for the organizational and economic mechanism for the functioning of internal control, which includes principles, functions, logisation, the time aspect, controlling, and norms. Th e structural and functional components of internal control are highlighted. An adaptive organizational structure of the risk management and internal control system has been formed, which can be the basis for the formation of a model for the functioning of the internal control of a gas transmission company.

scholarly journals Considerations regarding the effectiveness of Risk Management for Internal Managerial Control System

2020 ◽  
Vol 14 (1) ◽  
pp. 664-672
Author(s):  
Cosmin Filip
Keyword(s):  
Risk Management ◽  
Control System ◽  
Internal Control ◽  
Management Approach ◽  
Key Factors ◽  
Managerial Control ◽  
Managerial Decision ◽  
Systemic Analysis ◽  
Internal Control System ◽  
Implementation Level

AbstractThe paper presents a systemic analysis of the key factors of risk management for the internal managerial control (IMC) system for public entities in Romania. The risk management approach offers a broad view regarding the necessary tasks for having a rigorous, efficient, effective and transparent use of public funds. The necessity of taking a managerial decision on a current matter has its own peculiarities and effects, involving the actual way and manner in which the entity in question will go further. The effects of this kind of decisions can affect the entity in some precise moments. In this point, risk management should be present, according to the applicable approaches, in order to evaluate, among other things, the vulnerability of the system which is exposed to the effects of a decision that has been taken into account. Developing an internal control system is perceived as a process that involves improving performance and governance, rather than introducing a new, additional system. The paper is presenting some considerations regarding the effectiveness of risk management approach used in Romanian public entities, based on the latest reports published. There are also pointed out some principal causes for this implementation level of Risk management Standard, along with some selective proposals for improving the results of this risk based approach

scholarly journals RISK MANAGEMENT AND INTERNAL CONTROL SYSTEM OF NIGERIA’S BANKING SECTOR

2019 ◽  
Vol 7 (4) ◽  
pp. 943-949
Author(s):  
Sunny O. Temile ◽  
Lucky Izobo Enakirerhi ◽  
Ighosewe Enaibre Felix ◽  
Dadang Prasetyo Jatmiko
Keyword(s):  
Risk Management ◽  
Control System ◽  
Credit Risk ◽  
Internal Control ◽  
Significant Relationship ◽  
Financial Distress ◽  
Banking Sector ◽  
Annual Reports ◽  
Cross Sectional ◽  
Internal Control System

Purpose: This study empirically observed the relationship between risk management and the internal control system of the banks in Nigeria. Methodology: In order to achieve the main objective of this paper, we made use of data from the annual reports of fifteen commercial banks, covering a period of ten years (2007 – 2016). The study is empirical in nature and adopted a cross-sectional research design. Furthermore, the Panel Data Regression estimation technique was employed to estimate the specified model of the study. Result: The results revealed the existence of a negative and significant relationship between credit risk and internal control. Liquidity risk which was measured using liquidity ratio has a positive and statistically significant relationship with internal control of banks in Nigeria. Based on the findings, the importance of strong and vibrant internal control policies across banks in Nigeria cannot be over-emphasized. This is because the more the internal control put in place, the greater the liquidity for banks to carry out their banking operations. On the other hand, the greater the internal control, the lesser the credit risk. Applications: This research can be used for the universities, teachers, and students. Novelty/Originality: Due to the recurring financial distress and eventual liquidation of some banks in Nigeria, this study is very necessary as it stresses the relevance and needs for effective internal control strategies in line with global best practices.

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