scholarly journals Agility of internal audit

Revizor ◽  
2021 ◽  
Vol 24 (95-96) ◽  
pp. 57-76
Author(s):  
Nebojša Jeremić ◽  
Miloš Jeremić ◽  
Nemanja Jakovljević
Keyword(s):  
Internal Audit ◽  
Operational Performance ◽  
Management Approach ◽  
Internal Environment ◽  
Dynamic Changes ◽  
Audit Planning ◽  
Performance Quality ◽  
Project Organizations ◽  
High Level ◽  
Sustainable Productivity

The dynamic changes in the market conditions are increasingly moving away from the reactive audit planning. The increasingly prevalent approach implies agility, i.e. faster adjustment to the external and internal environment, whose result includes the improved operational performance, quality and satisfaction of audit clients. One way to introduce agility in internal audit is to adopt the methodology Scrum, a management approach applied in several project organizations in various industries. By implementing the best experiences of Scrum, a better overview, thinking, learning and adjustment would be achieved. The principles of having to check and adjust, which are inherent in Scrum, enable the teams to work efficiently in the ever-changing conditions, resulting in a high level of sustainable productivity. The paper provides an overview of the agile organizations, specific planning, Scrum principles and concepts for application in audit teams.

scholarly journals Agility in Audit: Could Scrum Improve the Audit Process?

2018 ◽  
Vol 12 (1) ◽  
pp. A18-A28
Author(s):  
Richard I. Newmark ◽  
Gabe Dickey ◽  
William E. Wilcox
Keyword(s):  
Operating Performance ◽  
Management Approach ◽  
Audit Process ◽  
Audit Planning ◽  
Performance Quality ◽  
Agile Project Management ◽  
Audit Firms ◽  
Planning Approach ◽  
High Level ◽  
Sustainable Productivity

SUMMARY Changes in environmental forces provide an opportunity for audit firms to move away from an up front and reactive audit planning approach to one that is more agile. Agility involves quicker adaption to the external and internal environments and can result in improved operating performance, quality, and client satisfaction. One way to introduce agility in a project-based organization is to adopt Scrum, an agile project management approach that has been applied in other industries to allow organizational teams to review, reflect, learn, and adapt. This “inspect-and-adapt” philosophy inherent in Scrum enables teams to effectively work in ever-changing conditions, resulting in a high level of sustainable productivity. We provide an overview of key Scrum principles and concepts and address future areas for Scrum research.

scholarly journals Board Interlocking no Brasil: A Participacão de Conselheiros em Múltiplas Companhias e seu Efeito sobre o Valor das Empresas

2007 ◽  
Vol 5 (2) ◽  
pp. 125 ◽  
Author(s):  
Rafael Liza Santos ◽  
Alexandre Di Miceli da Silveira
Keyword(s):  
Firm Value ◽  
Operational Performance ◽  
Interlocking Directorates ◽  
Listed Firms ◽  
Ownership Structures ◽  
Multiple Directorships ◽  
Good Corporate Governance ◽  
Governance Practices ◽  
High Level ◽  
Dispersed Ownership

This paper investigates the simultaneous participation of directors in different companies from 320 Brazilian listed firms in 2003 and 2005. We identify which firms are connected through a network of directors, which corporate characteristics contribute to this phenomenon, and if board interlocking influences firm value and operational performance. The results show that interlocking directorates are a common practice in Brazil. Besides, larger boards, more dispersed ownership structures, and larger firm size are factors associated with a high level of board interlocking. Moreover, we find that firm value is, on average, negatively impacted by higher levels of board interlocking, especially on firms with board of directors considered too busy (those in which a majority of directors hold three or more directorships) or on firms where their CEO hold directorships in other companies. Besides being a pioneer work on this field in Latin America, the paper provides subsides for the preparation of good corporate governance practices from regulators regarding the effectiveness of multiple directorships and its consequences for corporate value.

scholarly journals THE GOVERNMENT'S INTERNAL AUDIT PLANNING STRATEGY IN PREVENTING CORRUPTION IN THE PROCUREMENT SECTOR IN THE ERA OF DISRUPTION

2020 ◽  
Vol 5 (1) ◽  
pp. 11
Author(s):  
Mustafa Kamal ◽  
Nasarudin Nasarudin
Keyword(s):  
Government Regulation ◽  
Swot Analysis ◽  
Internal Audit ◽  
Relationship Matrix ◽  
Planning Strategy ◽  
Task Forces ◽  
Audit Planning ◽  
The Relationship ◽  
Internal Supervision

This study aims to disclose not only the APIP's internal audit planning strategy in accordance with the mandate of the SAAIPI 2014, Law 30/2014, Law 23/2014, Government Regulation 60/2008, Presidential Regulation 16/2018, Presidential Regulation 54/2018, but also the synergy strategy among APIP, LKPP and APH in preventing corruption in the procurement sector. The research method used is a qualitative method with the literature studies, surveys, and retrospective studies. The results show that the mandate of internal supervision can be identified through the relationship matrix between SAAIPI 2014 and several regulations. The strategy in the synergy of supervision planning conducted by APIP, LKPP and APH can be determined through a SWOT analysis of the role of APIP. There are 4 choices of strategies for optimizing the role of APIP. APIP that has a capability score of 3 can use the SO and ST strategies. Whereas APIP that has capability scores of 1 and 2 can use the WO and WT strategies. Whole of Government can be built by APIP, APH and LKPP, either in the form of coordination between institutions, the formation of task forces, or social coalitions.

Internal audit planning using spherical fuzzy ELECTRE

2021 ◽  
pp. 108155
Author(s):  
Akın Menekşe ◽  
Hatice Camgöz Akdağ
Keyword(s):  
Internal Audit ◽  
Audit Planning

Knowledge, attitude, and practice toward COVID-19 in Trinidad and Tobago

2021 ◽  
Author(s):  
Azad Mohammeda ◽  
Vrijesh Tripathib ◽  
Delezia S. Singh ◽  
Lauren Ali ◽  
Ruth Mohana ◽  
...  
Keyword(s):  
Trinidad And Tobago ◽  
Cross Sectional Study ◽  
Management Approach ◽  
Cross Sectional ◽  
Significant Relationships ◽  
Level Of Knowledge ◽  
Occupation Level ◽  
High Level ◽  
Permanent Residents ◽  
Domain Scores

Background: Severe Acute Respiratory Syndrome Coronavirus 2 (COVID-19) has affected over 250 million people globally and resulted in over 5 million deaths since it was first reported in November 2019. Methods: A cross-sectional study was conducted online from July to September 2020 among nationals and permanent residents of Trinidad and Tobago (N = 812). The related questionnaire consisted of demographic characteristics, 11 items on knowledge, 11 items on attitude and 7 items on practice and experience. Domain scores were derived for each component (K, A and P) and independent t-tests and one-way ANOVA were used to compare differences in scores within demographic categories. Results: The population possessed a high level of knowledge about COVID-19(0.85 ± 0.09). Attitude scores (0.54 ± 0.07) were influenced by factors such as sex, age, occupation, level of education and area of residence. Significant relationships (P<0.05) were found between demographic categories of sex, age, profession, education, geographical region and the mean domain scores. Conclusion: There was overall high level of knowledge and good practices in response to COVID-19 which suggests that the government's management approach was effective in providing information about COVID-19 and the safe practice needed to reduce spread of the virus.

Risk Management Decisions and Organizational Structure in the Case of a Development Management Firm

2013 ◽  
pp. 181-202
Author(s):  
Mohammad Baydoun
Keyword(s):  
Risk Management ◽  
Saudi Arabia ◽  
Organizational Structure ◽  
Large Scale ◽  
Management Practices ◽  
Decision Makers ◽  
Management Approach ◽  
Development Projects ◽  
High Level ◽  
Large Scale Project

This case aims to analyze risk management practices of Millennium Development International (MDI) and suggest enhancements based on a theoretical framework derived from the literature while considering the implications to its organizational structure. Al-Shamiyah project in Makkah, Saudi Arabia, is used as an example to illustrate the practices of MDI. Due to a high level of risk associated with large-scale development projects, it is argued that the traditional risk management approach is not convenient to the context of these projects. Each large-scale project has a high level of uniqueness that renders benchmarks generated out of previous projects obsolete. Hence, a reactive risk management approach is being promoted. For the purpose of optimizing this approach, engaging necessary experts and securing the presence of key decision makers in the process, the formulated system defines key milestones at which risks need to be assessed and proper decisions need to be taken.

Risk Management Decisions and Organizational Structure in the Case of a Development Management Firm

2016 ◽  
pp. 1220-1237 ◽  
Author(s):  
Mohammad Baydoun
Keyword(s):  
Risk Management ◽  
Saudi Arabia ◽  
Organizational Structure ◽  
Large Scale ◽  
Management Practices ◽  
Decision Makers ◽  
Management Approach ◽  
Development Projects ◽  
High Level ◽  
Large Scale Project

This case aims to analyze risk management practices of Millennium Development International (MDI) and suggest enhancements based on a theoretical framework derived from the literature while considering the implications to its organizational structure. Al-Shamiyah project in Makkah, Saudi Arabia, is used as an example to illustrate the practices of MDI. Due to a high level of risk associated with large-scale development projects, it is argued that the traditional risk management approach is not convenient to the context of these projects. Each large-scale project has a high level of uniqueness that renders benchmarks generated out of previous projects obsolete. Hence, a reactive risk management approach is being promoted. For the purpose of optimizing this approach, engaging necessary experts and securing the presence of key decision makers in the process, the formulated system defines key milestones at which risks need to be assessed and proper decisions need to be taken.

scholarly journals Raw milk producers with high levels of hygiene and safety

2020 ◽  
Vol 148 ◽  
Author(s):  
A. C. Berge ◽  
T. Baars
Keyword(s):  
North America ◽  
Milk Production ◽  
Production Systems ◽  
Raw Milk ◽  
Indicator Bacteria ◽  
Management Approach ◽  
Natural Food ◽  
Local Agriculture ◽  
British Colombia ◽  
High Level

Abstract There is world-wide increasing interest in the consumption of unprocessed, natural food commodities including fresh (unpasteurised) milk and milk products. Consumers are actively seeking out raw milk, partly due to health reasons, but also for taste, freshness, closeness to the producer and to support local agriculture. The need for high levels of hygiene and safety in farms producing raw milk for direct consumption has long been recognised and has led to federal and industry-initiated systems for safe raw milk production. Raw milk producers in North America and Europe have demonstrated that raw milk, intended for direct consumption, can be produced safe and hygienic. The aim of this paper is to describe practices that have been developed for safe raw milk production. The German Vorzugsmilch is a federally regulated programme for legal raw milk production that was established already in the 1930s to provide raw milk with high hygienic standards controlled for zoonotic diseases to consumers. The Raw Milk Institute is a non-profit organisation established in California that has developed a voluntary safe raw milk programme in North America. RAWMI has developed a risk analysis and management system for raw milk dairy farmers to assist farmers in making individually tailored solutions for various production systems. In British Colombia, Canada, small herd share farms have employed good manufacturing practices, a risk management approach and performed monthly samples for pathogens and indicator bacteria to demonstrate safety and consistency. The major components of the raw milk systems applied, and the results of regular milk microbial indicator bacteria are presented. For the German system, the results from standard monthly pathogen tests are compared to zoonotic pathogen tests from other milk sources. The overall results indicate that raw milk can be produced with a high level of hygiene and safety in various systems.

scholarly journals A Robotic Cognitive Architecture for Slope and Dam Inspections

Sensors ◽  
2020 ◽  
Vol 20 (16) ◽  
pp. 4579 ◽  
Author(s):  
Milena F. Pinto ◽  
Leonardo M. Honorio ◽  
Aurélio Melo ◽  
Andre L. M. Marcato
Keyword(s):  
Decision Making ◽  
Cognitive Architecture ◽  
Electrical Power ◽  
Data Gathering ◽  
Path Following ◽  
Sensors And Actuators ◽  
Construction Enterprises ◽  
Performance Quality ◽  
Human Operators ◽  
High Level

Big construction enterprises, such as electrical power generation dams and mining slopes, demand continuous visual inspections. The sizes of these structures and the necessary level of detail in each mission requires a conflicting set of multi-objective goals, such as performance, quality, and safety. It is challenging for human operators, or simple autonomous path-following drones, to process all this information, and thus, it is common that a mission must be repeated several times until it succeeds. This paper deals with this problem by developing a new cognitive architecture based on a collaborative environment between the unmanned aerial vehicles (UAVs) and other agents focusing on optimizing the data gathering, information processing, and decision-making. The proposed architecture breaks the problem into independent units ranging from sensors and actuators up to high-level intelligence processes. It organizes the structures into data and information; each agent may request an individual behavior from the system. To deal with conflicting behaviors, a supervisory agent analyzes all requests and defines the final planning. This architecture enables real-time decision-making with intelligent social behavior among the agents. Thus, it is possible to process and make decisions about the best way to accomplish the mission. To present the methodology, slope inspection scenarios are shown.

Understanding board-CEO power dependency perspective under symbolic management

2015 ◽  
Vol 25 (1) ◽  
pp. 50-73
Author(s):  
Pingying Zhang ◽  
Paul Fadil ◽  
Chris Baynard
Keyword(s):  
Information Provision ◽  
Management Approach ◽  
Ceo Power ◽  
Content Type ◽  
Symbolic Management ◽  
Management Perspective ◽  
Dependency Model ◽  
High Level ◽  
Practical Implications ◽  
Effective Result

Purpose – The purpose of this paper is to better understand dependency issues between the CEO and the board as well as the between the board and CEO through Emerson’s power dependency framework. Design/methodology/approach – A symbolic management approach is integrated with a board-CEO power dependency model to study the dependency issues. Findings – According to the symbolic management perspective, uncertainty increases the likelihood of symbolic actions. A high level of uncertainty in CEO dependency issues suggests a high likelihood that board power over the CEO is manifested on a symbolic level, whereas a low level of uncertainty in board dependency issues suggests otherwise for CEO power over the board. The core of board-dependency issues is information provision. Practical implications – A focus on improving board control over CEO performance, compensation and strategic proposals is likely to generate symbolic actions without an effective result. Originality/value – The paper advocates that an effective approach to enhance board power is through reducing board information dependency on the CEO.

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