scholarly journals An evidential reasoning approach to Sarbanes-Oxley mandated internal control risk assessment

2009 ◽  
Vol 10 (2) ◽  
pp. 65-78 ◽  
Author(s):  
Theodore J. Mock ◽  
Lili Sun ◽  
Rajendra P. Srivastava ◽  
Miklos Vasarhelyi
Keyword(s):  
Risk Assessment ◽  
Internal Control ◽  
Evidential Reasoning ◽  
Sarbanes Oxley ◽  
Evidential Reasoning Approach ◽  
Control Risk

scholarly journals ANALISIS PENGENDALIAN INTERNAL TERHADAP PEMBAYARAN TOP UP FLAZZ PADA PT. TRANS JAKARTA

2020 ◽  
Vol 8 (1) ◽  
pp. 21-33
Author(s):  
Andriyan Andriyan ◽  
Ridwan Saleh
Keyword(s):  
Risk Assessment ◽  
Qualitative Analysis ◽  
Internal Control ◽  
Environmental Control ◽  
Internal Controls ◽  
Billing Data ◽  
Bus Stop ◽  
Assessment And Monitoring ◽  
Transportation Company ◽  
Control Risk

PT. Transjakarta is a transportation company that uses an electronic ticket system. The ticket system at the Transjakarta bus stop since 2013 uses an electronic card (e-ticketing), instead of cash. One of these cards is the Flazz card issued by Bank BCA. However, the cash deposit from the sale of the flazz top up from Transjakarta to Bank Bca still experiences constraints, there is a difference every day. Then the need for internal control in the payment process and reconciliation between Bank Bca billing data and top up cash payments in the Transjakarta. So far the two reports that should have been balanced, in fact never happened. That is why reconciliation is needed and the causes of the differences are sought so that a balanced report can be produced. This study aims to determine the implementation of internal control on the concept of components according to COSO. The author uses descriptive methods with the type of qualitative analysis, by reviewing the application of elements of internal control by describing the facts that exist in the field, and analyzing the application of these elements with reference to COSO. The results show that in general the internal controls applied for top up flazz payments have met and are in accordance with the concepts and principles of internal control according to COSO. However, the implementation of the concept of internal control components needs to be refined to be more effective, namely the environmental control, risk assessment and monitoring components.

scholarly journals Risk Assessment of Internal Control System and Its Effect on the Operations of Quoted Banks in the Nigerian Stock Exchange

2019 ◽  
Vol 7 (08) ◽  
Author(s):  
Ozuomba Chidinma N. ◽  
Ogujiofor Magnus Nkemjika ◽  
Enyeribe Onyekachi S.
Keyword(s):  
Risk Assessment ◽  
Internal Control ◽  
Stock Exchange ◽  
Random Effect ◽  
Operational Risk ◽  
Control Unit ◽  
Annual Reports ◽  
Suitable Model ◽  
Internal Control System ◽  
Control Risk

Banks are more likely to fail from operational risk than from credit risk, and internal control at banks create operational risk losses. The objective of this study is to investigate internal control risk assessment and operational risk of quoted banks in Nigeria. 16 selected quoted banks in the Nigerian stock exchange from 2013-2017 were studied based on the 2012 banking reform on corporate governance by the then CBN governor Sanusi Lamido Sanusi’s “Project Alpha Initiative” (PAI). Data were collected from banks published annual reports, CBN statistical bulletin, NDIC report, CBN fact book, company website and banks’ Pillar III disclosure report for the relevant years sampled for analysis. The analysis carried out included pooled OLS regression, fixed and random effect and Hausman tests to determine the most suitable model for result interpretation. This was conducted with the aid of E-View 7 software. The findings shows that internal control risk assessment (ET and PQ) has positive significant effect on Operational risk (OPR). It was recommended that banks should ensure that internal control unit personnel are qualified and adequately trained to carry out banking activities as this will go a long way in reducing the risks from operations.

Information Technology Controls Quality and Audit Fees: Evidence From Italy

2016 ◽  
Vol 33 (1) ◽  
pp. 123-146 ◽  
Author(s):  
Tatiana Mazza ◽  
Stefano Azzali
Keyword(s):  
Risk Assessment ◽  
Information Technology ◽  
Financial Reporting ◽  
Internal Control ◽  
Audit Fees ◽  
Listed Companies ◽  
Audit Risk ◽  
The Impact ◽  
Control Risk

This study analyzes the impact of Information Technology (IT) Controls quality on control risk and audit fees. The impact is expected to occur when regulation increases sensitiveness to audit risk assessment. The research focuses on IT Controls as part of Internal Control over Financial Reporting, particularly on scoping quality, segregation of duties, and Controls framework compliance. The research was conducted with a questionnaire on a population of Italian listed companies. We find that audit fees are lower for higher IT scoping quality, IT Controls segregation of duties, and IT Controls framework compliance. The overall conclusion is that IT Controls quality is related to lower control risk, audit fees, and audit effort.

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.

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