The Role of Internal Auditing In Enhancing Good Corporate Governance Practice in an Organization

Purpose This paper aims to develop a better understanding of business students' perceptions of the relative importance of corporate governance best practices within the context of major area of study and compare student rankings of corporate governance best practices to those of working professionals. Design/methodology/approach Using a previously published survey, data were collected from business students at two Midwestern US universities and analyzed using factor analysis. Findings This research demonstrated that students rank strategic human resource management as the most important corporate governance practice, matching the perceptions of professionals. Accounting majors report significantly greater understanding of corporate governance, the importance of corporate governance to business and the role of understanding corporate governance in their careers as compared to management majors. Research limitations/implications This study is limited by the inclusion of business students at only two US universities. Further studies should be conducted to better understand the similarities and differences between students and professionals and accounting and management majors in their perceptions of corporate governance best practices. Practical implications Managers can use these findings to enhance the training recent college graduates receive on corporate governance topics. Business schools can use these findings to evaluate ways to embed corporate governance throughout the curriculum. Originality/Value This research highlights gaps in current business school curriculum coverage of corporate governance best practices. It compares and contrasts students' and professionals' perceptions of best practices and offers suggestions for managers and educators.

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PERANAN AUDITOR INTERNAL DALAM UPAYA PENDETEKSIAN DAN PENCEGAHAN FRAUD TERHADAP PELAKSANAAN GOOD CORPORATE GOVERNANCE

JURNAL INFORMASI, PERPAJAKAN, AKUNTANSI, DAN KEUANGAN PUBLIK ◽

10.25105/jipak.v10i2.4555 ◽

2019 ◽

Vol 10 (2) ◽

pp. 129

Author(s):

Devi Anggriani ◽

Juniati Gunawan

Keyword(s):

Corporate Governance ◽

Research Methodology ◽

Internal Audit ◽

Internal Auditing ◽

Is Research ◽

Good Corporate Governance ◽

The World ◽

World Class ◽

The Creation

Internal auditing serves help management in detection and prevention his that happens at an organization in the implementation of the good corporate governance. Principies of good corporate governance is an indicator the achievement of the balance interests, so the clash interests that occurs could focus and controlled and not result in losses to each party. According to previous studies, fraud led to the collapse of the world class companies. This is because inactive of mechanism good corporate governance. The -role of the auditors internal in an effort to detection and prevention his has a strong enough. And the role of the auditors internal also has a very important in good corporate governance. Methods used in this research is research methodology explanatory research with quantitative survei aims to understand the influence of the role of the auditors internal (components expertise, the scope of the work, the approach) that was undertaken auditor internal in order to detection and prevention his with the implementation of the good corporate governance on a 50 respondents is the company open a listing on the Bursa Efek Indonesia through the distribution of the questionnaire. The result has been concluded, the expertise, the scope of the work, the approach that was undertaken internal audit influential indirectly on the ,corporate governance through the intervening the detect and prevent offraud. For the company public, should be channeled to detect cheating through prevention, prevent is the root cause problems cheating that the creation of principles of good corporate governance in the company.

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Is good corporate governance practice the panacea for small-to-medium businesses operating in the South African retail sector?

Corporate Ownership and Control ◽

10.22495/cocv12i2c6p1 ◽

2015 ◽

Vol 12 (2) ◽

pp. 579-589 ◽

Cited By ~ 4

Author(s):

Athenia Bongani Sibindi ◽

Augustine Oghenetejiri Aren

Keyword(s):

South Africa ◽

Corporate Governance ◽

Cash Flow ◽

Retail Sector ◽

Flow Management ◽

Cash Flow Management ◽

Good Corporate Governance ◽

Governance Practices ◽

Governance Practice ◽

Corporate Governance Practice

The small, micro and medium business enterprises (SMMEs) sector is universally acclaimed for fostering economic growth in many economies. The health of this sector is largely premised on the observance of good corporate governance tenets. The purpose of this paper is to determine whether good corporate governance practice has been firmly embedded in the small-to-medium enterprise (SMMEs) sector in South Africa. In this study we interrogate the influence of good internal control systems, with a special focus on cash flow management practices on the survival or growth of the SMMEs. This paper utilised qualitative research methods and employed the survey technique amongst the SMMES operating in the retail sector of Pretoria in South Africa. We find evidence that good corporate governance practices enhance cash flow management processes. This is extremely important to the survival of a business, particularly small businesses, and poor corporate governance practices lead to weak cash flow management systems, which can thus lead to small business failure. We also proffer policy advice as to the remedial actions needed to safeguard this sector

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Pengaruh E-Banking dan Good Corporate Governance terhadap Kinerja Perbankan di Indonesia

AKURASI: Jurnal Riset Akuntansi dan Keuangan ◽

10.36407/akurasi.v1i1.60 ◽

2019 ◽

Vol 1 (1) ◽

pp. 21-30

Author(s):

Wisnu Handoyo Murti

Keyword(s):

Corporate Governance ◽

Digital Technology ◽

Stock Exchange ◽

Panel Regression ◽

Digital Era ◽

Good Corporate Governance ◽

Governance Practice ◽

Planning Strategies ◽

Corporate Governance Practice ◽

Positive Effect

This study aims to examine the effect of e-banking and the implication of good corpoarte governance on banks performance. The rapid movement of digital technology in dealing with transaction provides both challange and opportunities. Banks, should understand the digital trend to survive in digital era, while the good corporate governance practice will impact banks performance through planning strategies and decision making. This paper use panel regression to analyze the data, and banks that listed in Indonesia Stock Exchange is used as sample. The result indicates that e-banking, board size, and institutional ownership do not statistically significant in influencing banks performance. While ownership concentration and independent commissioner has positive effect on banks performance.

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Securities and Exchange Commission of Nigeria's Draft Revised Code of Corporate Governance: An Appraisal

Journal of African Law ◽

10.1017/s0021855311000143 ◽

2011 ◽

Vol 55 (2) ◽

pp. 280-299 ◽

Cited By ~ 1

Author(s):

Nat Ofo

Keyword(s):

Corporate Governance ◽

Securities And Exchange Commission ◽

Final Version ◽

Draft Code ◽

Corporate Governance Code ◽

Good Corporate Governance ◽

Governance Practice ◽

Corporate Governance Practice ◽

Code Of Corporate Governance

AbstractIn furtherance of its role to entrench good corporate governance practice in Nigeria, the Securities and Exchange Commission of Nigeria published a draft revised Code of Corporate Governance. It is intended that this revised code will replace the country's current corporate governance code which came into force in 2003. This article sets out a thorough examination of the draft code with a view to appraising whether the final version of the code will be well-suited to meet its desired goals. Consequently, some of its provisions have been critically reviewed while others have been acclaimed. Furthermore, the article draws attention to the increased responsibility of the Securities and Exchange Commission in establishing good corporate governance practice and makes extensive suggestions in this regard.

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An assessment of corporate governance in financial institutions in Barbados

Journal of Governance and Regulation ◽

10.22495/jgr_v8_i1_p4 ◽

2019 ◽

Vol 8 (1) ◽

pp. 47-58 ◽

Cited By ~ 2

Author(s):

Anthony Wood ◽

Keisha Small

Keyword(s):

Corporate Governance ◽

Financial Institutions ◽

Research Effort ◽

Regulatory Agencies ◽

Good Corporate Governance ◽

Oecd Principles ◽

Governance Index ◽

Governance Practice ◽

Corporate Governance Practice ◽

Best Fit

The objective of this paper is to provide an assessment of corporate governance in selected financial institutions in Barbados. The instrument used for measuring corporate governance practice is derived from the Central Bank of Barbados (CBB) Corporate Governance Guidelines (2013) and the OECD Principles of Corporate Governance (OECD, 2004). A corporate governance index is developed to best fit the domestic financial system. The results indicate that the five financial institutions are highly compliant with the corporate governance guidelines. The corporate governance index ranges from 75 to 92 on a scale of 0 to 100 in ascending order of good corporate governance. Commercial banks obtained the highest corporate governance rankings. This result is not surprising since the banks operating in Barbados are affiliates of foreign-owned and domiciled financial institutions. They are therefore monitored by multiple local, regional and international regulatory agencies. This paper is the first such research effort for the Barbadian economy. The findings should be beneficial to many persons, including top management (CEO, Chairman, Board of Directors), shareholders and other stakeholders, regulators and future researchers.

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The Role of Institutions in the Migration of Corporate Governance Practice into Emerging Economies The Case of Africa

SSRN Electronic Journal ◽

10.2139/ssrn.2786478 ◽

2016 ◽

Cited By ~ 1

Author(s):

Bruce Allen Hearn ◽

Lars Oxelheim ◽

Trond Randdy

Keyword(s):

Corporate Governance ◽

Emerging Economies ◽

Governance Practice ◽

Corporate Governance Practice

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Good Corporate Governance Practices in Family Business: A Case Study in Indonesia

Petra International Journal of Business Studies ◽

10.9744/ijbs.1.1.35-44 ◽

2018 ◽

Vol 1 (1) ◽

pp. 35-44

Author(s):

Daniel Yudistya Wardhana

Keyword(s):

Corporate Governance ◽

Family Business ◽

Quantitative Model ◽

Financial Report ◽

Good Corporate Governance ◽

Governance Practices ◽

Limited Opportunity ◽

Governance Practice ◽

Corporate Governance Practice

Good corporate governance (GCG) practices have been broadly acknowledged in both industry and government these days. In general, good execution and practice of good corporate governance indicate thehealth of corporations. The awareness of good corporate governance practice developed among familybusiness regardless the size of the business. Thus, this research aims to explore the general perception offamily business towards the good corporate governance practices and the importance of good corporategovernance in their business. The focus of this study is family business in Yogyakarta Province, Indonesia.This research uses descriptive and quantitative model. Every data that was obtained from the respondents willbe described in detail and explained with quantitative model to analysis the implementation of good corporategovernance in SMEs. The results from 60 family businesses show that mostly the SMEs understand thatcompany financial and non-financial report should be reported on regular basis (mean= 2.83) they alsodiscloses the internal salary system to the employee (mean= 2.68) it might be due to the directcommunication by the owner or management to the employees. SMEs agree that detailed job description isnecessary (mean= 2.97) as well as standard operational procedure document (mean= 2.67). Also, most ofSMEs agree that a regular payment period is important (mean= 3.58) and reporting the tax on time(mean=3.27). SMEs agree that the owners or family members should be independent in recruiting employees(mean=2.55) and deciding company strategies (mean=2.43) and SMEs perception of fairness showed thatfamily member have limited opportunity to work at the company (mean=3.30).

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Corporate governance and the financial performance of commercial banks in Ghana

Journal of Research in Emerging Markets ◽

10.30585/jrems.v2i4.541 ◽

2020 ◽

Vol 2 (4) ◽

pp. 33-47

Author(s):

Samuel Gyamerah ◽

Hannah Fosuaa Amo ◽

Sandra Adomako

Keyword(s):

Corporate Governance ◽

Commercial Banks ◽

Audit Committee ◽

Banking Sector ◽

Foreign Ownership ◽

Ceo Duality ◽

Good Corporate Governance ◽

Income Ratio ◽

Corporate Governance Practice

This study aims to provide further evidence on the effect of corporate governance on the performance of Ghanaian banks. Two performance measures were used in this study, namely: Return on Asset (ROA) and Cost-Income Ratio (CIR). Data for the analysis were sourced from 21 commercial banks from 2005 to 2015. Regression estimation techniques were employed for analysis purposes. The result revealed that large board size reduces banks’ performance. Furthermore, CEO duality and foreign ownership negatively affect the performance of banks. However, while the effect of CEO duality was significant on CIR, it was not significant in the case of ROA. On the contrary, the effect of foreign ownership was only significant on ROA. Moreover, board independence has a significant positive effect on both CIR and ROA, while audit committee independence has no significant effect on CIR and ROA. The paper argues that for a good corporate governance practice, banks should institute a small board with more than half of the members being independent directors. Furthermore, the role of the board chair should be separated from that of the managing director/CEO. The study provides insight and further evidence to stakeholders and regulators to deal with the crisis in the Ghanaian banking sector.

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Corporate governance in Islamic financial institutions

Journal of Governance and Regulation ◽

10.22495/jgrv9i2art5 ◽

2020 ◽

Vol 9 (2) ◽

pp. 75-82

Author(s):

Vjollca Istrefi

Keyword(s):

Corporate Governance ◽

World Economy ◽

Developed Countries ◽

Good Corporate Governance ◽

Governance Practices ◽

Islamic Financial Institutions ◽

Governance Practice ◽

The Government ◽

Corporate Governance Practice ◽

Current Blockage

The most recent and severe financial crisis followed by the failure of the most important financial players in the world economy has raised doubts about the way the government system works. This has been crucial to understanding the significance of good corporate governance practices, able to sustain the current blockage in the most vital financial negotiations. Therefore, interest in corporate governance has grown and attracted considerable attention in both developed and less-developed countries (Mallin, 2004; Solomon & Solomon, 2004; Sternberg, 2004). Hence, the study is based on a theoretical approach, and confronts the traditional and Islamic corporate governance, analyzing the essential differences that have highlighted the necessity of finding an alternative model to the traditional one. Comparing the two models of corporate governance, in their authentic form, it easily gives rise to discrepancies. The most important divergence between the two models derived from the fact that in the Islamic model the corporate governance practice is based on the religious principles and God and Islam are the main participants in it. This is in contrast to the conventional philosophy that focuses on the material aspects and the main objective is to create and increase shareholders’ value throughout the time.

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