scholarly journals Impact Internal Control on Efficiency of the Organizations in Jaffna District

2019 ◽  
Vol 9 (4) ◽  
pp. 313
Author(s):  
Piriya Muraleetharan
Keyword(s):  
Financial Performance ◽  
Internal Control ◽  
Efficient Operation ◽  
The Past ◽  
Efficient Management ◽  
Private And Public ◽  
Information And Communication ◽  
Reducing Costs ◽  
Communication Control ◽  
And Training

This study was undertaken with the objective of finding Impact of Internal control on efficiency of organizations in Jaffna District. The study is based on twenty five organizations and wo hundred and forty four respondent in Jaffna District, which are private and public organizations in the district. Internal control assessment is measured by control environment, risk assessment; information and communication, control activities, and monitoring and financial performance is measured by efficiency. Internal control and efficiency measured by correlation analysis and regression analysis. The study finds internal control and efficiency are statistically significant in determining efficiency. Further the study suggests that work performed by the organizations have been implemented in the past and the work schedules take into consideration the goals of internal control. The study further points out that keen attention should be paid on to adopt efficient management information system and training of the staff. All these enhance the staff productivity and reducing costs and also ensure the efficient operation of the firms and financial performance of their operation as well.

scholarly journals Internal Control Practices and Financial Performance of County Governments in the Coastal Region of Kenya

2019 ◽  
Vol 3 (V) ◽  
pp. 28-41
Author(s):  
Salma Omar Ahmed ◽  
Peter Nganga
Keyword(s):  
Risk Management ◽  
Financial Performance ◽  
Internal Control ◽  
Coastal Region ◽  
Risk Identification ◽  
County Government ◽  
Control Environment ◽  
County Governments ◽  
Starting Point ◽  
Information And Communication

Internal control practices have been established to influence financial performance of County Government, though County Government have been facing a myriad of challenges in terms of financial performance. The drive of this study was to establish internal control practices that influence county governments to streamline their operations and perform efficiently and effectively for the benefit of the general interest. Therefore the general objective of the study was to determine the internal control practices and financial performance of county governments in the coastal region of Kenya. Specifically, the study endeavored to establish the effect of audit function, risk management, financial reporting and cash management on financial performance of county governments in the coastal region. The study was based on the following theories: The Agency theory, Attribution theory and procedural justice theory. The researcher  adopted a descriptive research design. The target population of the study were 30 employees drawn from 5 departments in the Ministry of Finance, Budget and planning in the county governments of the Coastal region. The study targeted 4 Counties in the coastal region of Kenya, that is Mombasa, Kilifi, Kwale and Taita and the respondents were 40 finance managers obtained from Finance Planning Ministry of the listed County governments. A census of 40 respondents was carried out. Primary data was collected using questionnaires. Data was analysed using descriptive statistics and inferential statistics. The study found a positive and significant effect between risk assessment, monitoring, control environment, information and communication on financial performance. The study concluded that the risk identification and mitigation play the most significant role in influencing financial performance of the County governments. Hence, risk identification can essentially be said to be the key starting point of any risk management program as the Counties cannot manage what is unknown. Monitoring the financial performance of the County creates more certainty and confidence in making both short and long term decisions. This in turn leads to a healthier business and faster growth rate. The control environment provides the basis for carrying out internal control across the organization. Effective adoption of information and communication systems is of vital importance in making sure that the County governments improves their financial performance. The study recommends that the management of the Counties should put in place cost-effective measures for timely risk identification and effective risk mitigation so as to ensure that their financial performance is not impacted negatively. The County governments should have appropriate tools for monitoring their financial performance so as to effectively monitor their goals, the progress they make and all the key performance metrics throughout their financial operations. The County governments should demonstrate a commitment to integrity and ethical values. Specific standards of conduct should be understood throughout all levels of the County, and processes should be in place to evaluate performance and quickly address deviations from expectations. The County governments should communicate successfully with their investors to form stronger relationships with them. Information and communication should be between the County and financial stakeholders about the County’s economic events and their effects within and outside the financial statements.

scholarly journals The Research of Factors Affecting the Effectiveness of Internal Control Systems in Commercial Banks-empirical Evidence in Viet Nam

2016 ◽  
Vol 9 (7) ◽  
pp. 144 ◽  
Author(s):  
Ho Tuan Vu
Keyword(s):  
Interest Groups ◽  
Control Systems ◽  
Internal Control ◽  
Political Institutions ◽  
Commercial Banks ◽  
The Other ◽  
Viet Nam ◽  
Factors Affecting ◽  
Information And Communication ◽  
Communication Control

<p>The purpose of this research was to determine the factors that affect effectiveness of internal control systems in commercial banks in Vietnam. Through the method of qualitative research and quantitative based on reliability Cronbach's Alpha, exploratory factor analysis (EFA) and multiple regression analysis (MRA). According to the report of COSO, BASEL organizations and the other authors, control environment; risk assessment; information and communication; control activities and monitoring could affected the effectiveness of internal control systems in commercial banks. In addition, this research has indicated that there are two new factors have an impact on the effectiveness of internal control systems in commercial banks in Vietnam: political institutions and interest groups.</p>

scholarly journals Effects of Risk Assessment, Control Environment and Control Activities on Performance of Listed Banks in Ghana

2020 ◽  
pp. 18-33
Author(s):  
Redruth Nyaaba Ayimpoya ◽  
David Amoah Akolgo ◽  
Simon Akumbo Eugene Mbilla ◽  
Michael Kwame Gbegble
Keyword(s):  
Risk Assessment ◽  
Financial Performance ◽  
Control Systems ◽  
Internal Control ◽  
Practical Implication ◽  
Internal Controls ◽  
Control Environment ◽  
Private And Public ◽  
Risk Areas ◽  
And Control

Globally, internal controls serve many important purposes for public private and public help organizations. There is however an increasing call for better and improved internal control systems especially in firms that are listed on public market. However, internal control systems, irrespective of how well conceived and implemented cannot provide absolute assurance of management and boards regarding the achievement of objectives. This research focused on the three components of internal control systems namely control environment, risk assessment, and control activities. This study therefore formulated four objectives and investigated how risk assessment, control activities, and control environment affects the performance of Ghanaian banks. In this quantitative study, representatives from twelve listed banks were engaged. Descriptive and regression analysis was performed on the field data. The study result shows while Risk assessment has a strong significant effect on financial performance, Control environment and Control activities, have a weak significant effect on financial performance. The practical implication of the study is that, when assessing the performance of banks, risk areas must be examined critically to reduce or eliminate their impacts on bank performance.

Slow productivity will weigh on UK economy

2021 ◽  
Keyword(s):  
Northern Ireland ◽  
Public Investment ◽  
Content Type ◽  
Trade Relations ◽  
The Past ◽  
Economic Significance ◽  
Private And Public ◽  
Low Levels ◽  
The Government ◽  
And Training

Significance This is the result of low levels of private and public investment, deficiencies in skills and training, and contractionary fiscal policy. The government is intent on addressing the productivity problem, but its chances of success are reduced by Brexit and the economic impact of the COVID-19 pandemic. Impacts The furlough scheme may have kept unproductive businesses afloat, potentially prolonging their economic significance. The expansion of the digital economy seen over the past year and a half could slow down after all COVID-19 restrictions end. Tensions over the Northern Ireland protocol in the autumn could undermine EU-UK trade relations further.

scholarly journals Assessing the Impact of Monitoring, Information and Communication on Banks Performance in Ghana

2020 ◽  
pp. 58-71
Author(s):  
Simon Akumbo Eugene Mbilla ◽  
Joseph Dery Nyeadi ◽  
Michael Kwame Gbegble ◽  
Redruth Nyaaba Ayimpoya
Keyword(s):  
Financial Performance ◽  
Internal Control ◽  
Private Institutions ◽  
Public And Private ◽  
Rapid Changes ◽  
Information And Communication ◽  
System Improvement ◽  
Internal Operations ◽  
The Impact ◽  
Monitoring Information

The global financial sector is undergoing structural reforms and system improvement in their internal operations and activities. These global reforms in the financial sectors have been occasioned by globalization and technology revolution around the world. In view of the rapid changes, institutions both public and private institutions have experienced various limitations in their quest to reach their objectives. This study therefore formulates three objectives to investigate the effects of internal control systems on financial performance of listed banks in Ghana. In this quantitative study, 300 representatives from twelve listed banks were engaged. Descriptive and regression analysis was performed on the field Data. The study result shows that Information and communication have a weak significant effect on financial performance. There was no significant effect between Monitoring and financial performance. The study therefore recommends that managers of listed Banks must invest more on information and communication in order to improve performance.

Information & Communication Technology: A Road to Hybrid Teaching & Learning Pedagogy

2018 ◽  
Vol 7 (3.12) ◽  
pp. 978
Author(s):  
Anuj Kumar Singh ◽  
Archana Singh ◽  
. .
Keyword(s):  
Communication Technology ◽  
Teaching And Learning ◽  
Information Communication ◽  
The Past ◽  
Novel Approach ◽  
Hybrid Teaching ◽  
Information And Communication ◽  
Teaching Learning ◽  
Number Of Individuals ◽  
And Training

Nothing is permanent except change, and the past generations of human being are the evidence of this fact. Change is done for betterment of the life and for the same reason Information and Communication Technology (ICT) has evolved and entered in almost in every sector with a variety of applications. One of the most important applications of ICT is in the field of education and training, where a large number of individuals can leverage the benefits of ICT to get quality education. The main aim of this paper is to realize the need of hybrid learning methodology in current educational settings. In this paper a novel approach for hybrid teaching and learning has been presented and explained with respect to its various components.  

scholarly journals INTERNAL CONTROL SYSTEMS AND ITS RELATIONSHIPS WITH THE FINANCIAL PERFORMANCE IN TELECOMMUNICATION COMPANIES “A CASE STUDY OF ASIACELL”

2018 ◽  
Author(s):  
Amanj Mohamed Ahmed ◽  
Akram Ahmed Muhammed
Keyword(s):  
Risk Assessment ◽  
Control System ◽  
Financial Performance ◽  
Control Systems ◽  
Internal Control ◽  
Internal Controls ◽  
Control Environment ◽  
Independent Variables ◽  
Internal Control System ◽  
Information And Communication

The overall objective of this study was to establish the effects of internal controls on the financial performance of Asiacell as a telecommunication company in Kurdistan Region of Iraq. This was achieved by looking at the effect of control environment, risk assessment, information and communication, control activities and monitoring on the return on asset of the selected company. The study used both primary and secondary techniques to collect the data. In the model, the dependent variable is financial performance while the independent variables are the components of internal controls. After analyzing the audited financial statements and filling the questioners by the employees of the selected company, the findings of the study showed that there is a significant relationship between internal controls and financial performance. The dependent and the independent variables in the study indicated a relationship with control environment, risk assessment. Information and communication and control activities illustrated a positive relationship with the financial performance while monitoring showed a negative relationship with financial performance. The study also found that, Asiacell had invested on effective internal control systems, thus, it had a better financial performance as compared to the related firms that had a weak internal control system. The study further recommends that the governing body, possibly supported by the audit committee, should ensure that the internal control system is periodically monitored and evaluated by the respective managers.

IMPLEMENTASI SISTEM PENGENDALIAN INTERNAL PADA PERUSAHAAN JASA

2019 ◽  
Vol 2 (2) ◽  
pp. 110
Author(s):  
Wahyu Wahyu Wahyu ◽  
Marliyati Marliyati Marliyati ◽  
I. Nyoman Romangsi
Keyword(s):  
Risk Assessment ◽  
Operating Procedure ◽  
Internal Control ◽  
Standard Operating Procedure ◽  
Control Environment ◽  
Service Company ◽  
Standard Operating ◽  
Information And Communication

The aim of this article is to analyze internal control in service company. The analyze used the components of internal control according to COSO: control environment, risk assessment, control activities, information and communication, monitoring. Analysis of internal control used the data obtained through observation, questionnaires, interview, and documentary. Based on this analysis results can be concluded, that the dual positions refer with company SOP (Standard Operating Procedure). Separation of task does not work because that the dual positions. Therefore, the component of control activities applied at company is not in accordance with the component of control activities according to COSO. Nonconformity components still results in very effective internal control because the purpose of the internal control still remains to be achieved even though there are components that are not in accordance with the internal control components according to COSO.

MANAGING INFORMATION AND COMMUNICATION TECHNOLOGY EFFECTS APPLICATION IN TEACHING AT LOWER SECONDARY SCHOOLS IN RURAL, MIDLAND AND MOUNTAINOUS AREAS MEETING NEEDS FOR EDUCATION INNOVATION IN INDUSTRIAL REVOLUTION 4.0

2018 ◽  
Author(s):  
Pham Thi Le Hang
Keyword(s):  
Secondary Schools ◽  
Information And Communication Technology ◽  
Communication Technology ◽  
Social Life ◽  
Industrial Revolution ◽  
Education And Training ◽  
Mountainous Areas ◽  
Information And Communication ◽  
And Training ◽  
Lower Secondary Schools

The development of ICTs has strongly influenced many different aspects of social life, including education and training. ICTs application and management of ICTs applications has become an indispensable trend and has a profound effect on improving the quality of education and training. The author has analyzed the current state of ICTs application management in teaching in lower secondary schools in rural, midland and mountainous areas from which 6 management solutions for applying information and communication technology in teaching in lower secondary schools in accordance with the school’s practice.

Using Internal Control As A Moderator Relationship Between Factor Of Financial Engineering AND Financial Performance In IRAQI Banks

2019 ◽  
Vol 118 (10) ◽  
pp. 197-215
Author(s):  
Iman Muayad Merie Al_Khero ◽  
Sharul Effendy Bin Janudin ◽  
Azam Abdelhakeem Khalid
Keyword(s):  
Financial Performance ◽  
Internal Control ◽  
Financial Engineering ◽  
The Relationship

This paper aims to examines the relationship between the factors of financial engineering and financial engineering by using internal control (IC) as a moderator in Iraq banks

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