scholarly journals Evaluation of Risk-Based Internal Audit Plan Implementation in The Era of Technology Disruption: Case Study at University X

2019 ◽  
Author(s):  
Ruth Artia Heldifanny ◽  
Robert Porhas Tobing
Keyword(s):  
Internal Audit ◽  
Plan Implementation

Outsourcing relationship management: accounting in the decision mix

2018 ◽  
Vol 39 (5) ◽  
pp. 41-49
Author(s):  
Mirghani Nimir Ahmed
Keyword(s):  
Management Accounting ◽  
Accounting Information ◽  
Relationship Management ◽  
Internal Audit ◽  
Management Control ◽  
Control Mechanisms ◽  
Monitoring Cost ◽  
Content Type

Purpose The paper aims to examine the role of management accounting and accounting information in decisions to outsource and manage outsourcing relationships. Design/methodology/approach The paper uses a case study method. Data are collected through semi-structured interviews and informal discussions with executives of the participating companies. Official documents and secondary materials were analysed. Findings The findings of these cases present evidence of some roles given to accounting information and varying tasks assumed by accountants and finance staff in the outsourcing projects undertaken. These roles and tasks range from financial evaluation of new outsourcing proposals and alternatives, consultation and price negotiations in the planning and feasibility stages to the management of outsourcing relationships including monitoring, cost analysis, performance measurement, internal audit, design and implementation of risk-reward payment schemes. Managing the outsourced functions in one case involved in the use of informal control mechanisms such as trust, knowledge sharing, mutual understanding and cooperation between partners. Practical implications The paper highlights the role of management accounting and information in outsourcing relationship management and evaluation. The case findings provide the opportunity for management practitioners to understand the strategic role of management accountants in the management of inter-firm relationships. Originality/value The case study presents new empirical evidence of the role of management accounting and accounting information in the management control of outsourcing relationships.

scholarly journals Internal audit public sector capability: a case study

2015 ◽  
Vol 16 (2) ◽  
pp. 181-191 ◽  
Author(s):  
Jacobus Oosthuizen Janse van Rensburg ◽  
Philna Coetzee
Keyword(s):  
Public Sector ◽  
Internal Audit

scholarly journals Internal Audit Role in Digital Zakat Finance: Case Study at a Zakat Institution in Indonesia

2019 ◽  
Author(s):  
Mulyaning Wulan ◽  
Hera Khairunnisa ◽  
Efri Syamsul Bahri
Keyword(s):  
Information Technology ◽  
Significant Risk ◽  
Internal Audit ◽  
Collection System ◽  
Literature Study ◽  
Digital Platforms ◽  
Bank Transfer ◽  
Study Techniques

This study aims to get information about: 1) How is the implementation of digital zakat finance in Indonesia?; 2) Why do zakat institutions need the Internal Audit role in the implementation of digital finance zakat?. This study is motivated by the development of zakat collection systems such as digital zakat finance system that uses a digital platform. Along with the development of technology, the role of internal audit is also expected to be expanded to the aspect of information technology audit. Internal audit division faces several challenges regarding digital zakat finance. Internal audit division has to ensure the zakat institution already mitigate the significant risk related to digital zakat finance. This study is limited to the audit aspect related to zakat collection system in BAZNAS that used digital platforms such as bank transfer collection system and collection system that collaborated with e-commerce. To achieve the study’s aims, this study uses qualitative methods with literature study techniques that are reinforced by interviews.

Uplifting Leadership to Support Strategic Plan Implementation

2020 ◽  
pp. 24-37
Author(s):  
Sharon Wilbur ◽  
Sharon Dean ◽  
Stephanie Hyder ◽  
Brandy Peters ◽  
Christiana Horn
Keyword(s):  
Strategic Plan ◽  
District Leadership ◽  
Board Members ◽  
First Year ◽  
Successful Implementation ◽  
Team Leaders ◽  
School Board Members ◽  
Plan Implementation ◽  
Rural School District

This case study examines how uplifting leadership by the superintendent of one rural school district utilized various structures and processes to successfully implement the first year of their district strategic plan. The study is framed around the literature on change theory and the literature on uplifting leadership. Interviews with goal area team leaders, building principals, district leadership, and school board members yielded various leadership characteristics, structures, and processes that resulted in successful implementation of year one of the district's strategic plan. The interdependence of uplifting leadership with supportive structures and processes were examined as pivotal to the district's successful implementation.

scholarly journals The Efficiency of Applying the Internal Control Components Based on COSO Framework to Transparently Carry out Tasks and Services, Ensure Integrity and Enhance Quality and Efficiency: Case Study - The Greater Amman Municipality

2020 ◽  
Vol 11 (2) ◽  
pp. 371
Author(s):  
Ola Muhammad Khersiat
Keyword(s):  
Internal Control ◽  
Positive Impact ◽  
Internal Audit ◽  
Independent Study ◽  
Control Environment ◽  
Communications Systems ◽  
Control Procedures ◽  
And Control

This study aimed to measure the efficiency of employing the internal control components based on COSO framework to transparently carry out tasks and services, ensure integrity and enhance quality and efficiency, so as to contribute to promoting the adoption of internal control components based on the COSO framework, applying them and analyzing their efficiency in performing tasks transparently, ensuring integrity and enhancing quality and efficiency, particularly with the Amman`s Municipality efforts to create a directorate that operates the internal control while ensuring the integrity of the proceedings, carrying out tasks and services transparently and boosting citizen's confidence in the Greater Amman Municipality resolutions. One of the main findings of the study would be in the fact that the independent study variables represented in the internal audit based on the COSO framework has a highly positive impact in performing tasks transparently to ensure integrity, boost quality and efficiency at the Greater Amman Municipality. Results show that the communications systems component was the most highly applicable, followed by the follow-up and control procedures and activities, whereas the control environment came third, followed by risks and response procedures identification and assessment, and finally came the appropriate follow-up component in the fifth place.

scholarly journals White Collar Fraud: A Case Study of KOSS

2016 ◽  
Vol 3 (1) ◽  
pp. 22
Author(s):  
Gagan Kukreja ◽  
Robert Brown
Keyword(s):  
Audit Committee ◽  
Internal Audit ◽  
White Collar ◽  
Internal Controls ◽  
Accounting System ◽  
Financial Statement Fraud ◽  
External Auditors ◽  
Executive Staff ◽  
American Express

Fraud does not draw community and political reaction like other crimes (Chapman & Smith, 2001) yet many believe that fraud can be as serious or even more serious than certain types of street crimes (Rebovich & Kane, 2002). The financial statement fraud of KOSS, an American company of more than $34 million was discovered in 2009 after the tipoff from American Express to Michael Koss, CEO. The fraud was significant relative to the size, turnover and profit of the organization perpetrated by senior accounting professional (white collar). KOSS would be classified as an SME and this fraud emphasizes that it is not only large organizations that need to be vigilant regarding accounting frauds and internal controls, but smaller companies as well. Because of its size, KOSS had little segregation of duties and, as was later revealed, massive weaknesses in internal controls. The external auditors, (Grant Thornton, LLP or “GT”) upon whom management were relying, did not have a full understanding of the business and clearly did not meet the expectations of senior management. It is also appeared that auditors failed to apply required audit standards during the audit. Later on, the external auditors agreed to pay KOSS compensation worth $8.5 million in July 2013 as a settlement.The board of directors including audit committee appeared to be unconcerned regarding effective internal controls, risk management and (wrongly) assumed that they could trust their senior executive staff. The board’s limited policy of ethics and compliance was outdated and did not include a whistleblowing policy. There was no internal audit function reporting to the board. Further, the computerized accounting system was outdated and lacked the application controls found in more modern applications. The purpose of this case study is to analyze what went wrong at KOSS, who was involved in fraud and how such kind of frauds can be avoided in future.

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