scholarly journals ОРГАНІЗАЦІЯ ВНУТРІШНЬОГО АУДИТУ СУБ’ЄКТІВ ГОСПОДАРЮВАННЯ ЯК СКЛАДОВА КОРПОРАТИВНОГО УПРАВЛІННЯ

2018 ◽  
pp. 23-29
Author(s):  
Г. В. Столярчук ◽  
І. В. Хлівна
Keyword(s):  
Internal Control ◽  
Business Processes ◽  
Internal Audit ◽  
Transnational Corporations ◽  
Practical Significance ◽  
Expert Evaluation ◽  
Governance System ◽  
Corporate Governance System ◽  
Business Entities

Formulation of the problem. The article analyzes the organizational concepts of internal audit of business entities by the example of transnational corporations. Modern requirements of the corporate governance system require the single most effective approach to organizing the internal audit of transnational corporations.  Therefore, the the aim of the research is to propose the only most effective approach to organizing the internal audit of business entities, for example, of transnational corporations. The object of the research is the process of organizing the internal audit of business entities. The research was conducted on the basis of the following methods: induction, comparison, expert evaluation. The hypothesis of the research is that the peculiarities of the functioning of transnational corporations and their business processes are taken into account when developing an approach to organizing internal audit. The statement of basic materials. Consequently, the results of the study suggested the stages of internal audit. Originality and practical significance of the research is that the recommended sequence of internal audit takes into account the peculiarities of the functioning of transnational corporations and the state of their business processes. It is advisable to apply the proposed areas of internal audit in the practical work of transnational corporations in developing a plan and program. Conclusions of the research. As a result of the studies, effective international experience in assessing the risks of internal audit was considered. Prospects for further research are solution the problems of improving the quality of assessing the effectiveness of systems of internal control and risk management of transnational corporations.

INTERNAL AUDIT - EFFECTIVE INSTUMENTY OF CORPORATE GOVERNANCE SYSTEM

2016 ◽  
Vol 11 (2) ◽  
pp. 95-99 ◽  
Author(s):  
Закирова ◽  
Alsu Zakirova ◽  
Клычова ◽  
Augul Klychova ◽  
Клычова ◽  
...  
Keyword(s):  
Internal Control ◽  
Internal Audit ◽  
Governance System ◽  
Internal Audit Function ◽  
Wide Range ◽  
Corporate Governance System ◽  
Internal Control System ◽  
Range Of Functions ◽  
Domestic Companies

Today the debatable problem is the effectiveness of internal control system. That internal audit, as a part of interfarm monitoring systems, has a wide range of functions, that go beyond the range of issues, relating to internal control. In Russia, there are no laws and regulations, governing the internal audit organization. The absence of a rigid framework is a prerequisite for creating the most effective internal audit service. The establishment an internal audit function is also becoming increasingly necessary because of competition and integration of foreign and domestic companies. This article provides an irreplaceable role of internal audit in terms of its objectives and functions.

scholarly journals The development of managerial mechanisms to ensure a technological breakthrough in the Russian economy

2020 ◽  
Vol 9 (4) ◽  
pp. 15-31 ◽  
Author(s):  
O. I. Dontsova ◽  
N. M. Abdikeev ◽  
Yu. S. Bogachev
Keyword(s):  
Economic Growth ◽  
Technological Development ◽  
High Tech ◽  
Governance System ◽  
Technological Breakthrough ◽  
Russian Economy ◽  
Corporate Governance System ◽  
Scientific Potential ◽  
System Factor

The paper is devoted to improving managerial tools to ensure the effective implementation of technological breakthrough in the Russian economy. Solving the tasks of socio-economic development of the country, improving the quality of life of the population, ensuring its geopolitical position is impossible without accelerated economic growth. To ensure it, a technological breakthrough is needed in the Russian economy. In order to create appropriate conditions, new management mechanisms are needed in high-tech corporations. The methodological base of the study is based on the provisions of the theory of corporate governance, system, factor, functional and statistical analysis. The paper analyzes the experience of organizations of accelerated technological development and concludes on the effective structure of the managerial apparatus, which coordinates and monitors the activities of corporations. The main directions of state policy to ensure economic growth are identified, a factor analysis of its effectiveness and mechanisms for the formation of the conditions for the implementation of technological breakthrough are carried out. The domestic scientific potential of providing a technological breakthrough in the Russian economy is shown, the effectiveness of mechanisms for converting scientific achievements into breakthrough technologies is considered. The analysis results carried out in the work indicate the absence of a system of concentration of scientific potential for the creation of high-tech innovations. The structure of the scientific and technical platform for generating knowledge and its transformation into competitive technologies in priority sectors of the real sector of the economy is proposed, its organizational form is determined. The work results can be used in solving strategic problems of modernization of high-tech manufacturing industries.

scholarly journals BACIS THEORETICAL CHARACTERISTICS OF INTERNAL CONTROL

2019 ◽  
Vol 8 (4) ◽  
Author(s):  
Firdaus I. Kharisova ◽  
Alisa V. Samoilova
Keyword(s):  
Control System ◽  
Internal Control ◽  
Rapid Change ◽  
Complete Information ◽  
Governance System ◽  
Corporate Governance System ◽  
Internal Control System ◽  
Competitive Relations ◽  
High Level ◽  
Commercial Organizations

The question of the existence of an effective internal control system is now of particular relevance. The current stage of the economic entities operation in the Russian Federation is a stage of changing the external and internal environment of management, characterized by a high level of uncertainty and instability, which consists in toughening of competitive relations. Domestic organizations have to operate in the conditions of rapid change and development of technologies, a tough competitive environment, growing business diversification, and inconsistency of domestic legislation. One of the main factors for creating the competitiveness of organizations is effective management, based on quality, reliable and complete information about the managed facility. The paper reveals key questions about the internal control of commercial organizations in the non-financial sector. The main interpretations of the term "internal control" and components of the internal control system are considered, the stages of internal control formation are outlined, the place of internal control in a corporate governance system is substantiated, and official powers in the internal control system are identified. Also, the authors present the main documents which should be noted when studying the issue of internal control. The main methods used in this work are the information systematization, processing and generalization.

The German Supervisory Board on its Way to Professionalism

2010 ◽  
Vol 11 (2) ◽  
pp. 115-158 ◽  
Author(s):  
Jan Lieder
Keyword(s):  
Corporate Governance ◽  
Internal Control ◽  
Supervisory Board ◽  
Decision Making Process ◽  
European Level ◽  
Governance System ◽  
Management Board ◽  
Corporate Governance System ◽  
Flow Of Information ◽  
Board System

The paper shows how the efficiency of the German supervisory board has been significantly improved in the last decade. These legal changes made the supervisory board climb to a higher position of power. In particular, the supervisory board is now significantly involved in the decision-making process on a company's overall strategic concept and on management decisions of fundamental importance. This emphasizes the future-oriented monitoring obligation of the supervisory board, which gained much more importance in the last decade. Furthermore, the new provisions increased the flow of information from the management board to the supervisory board, and they facilitated the monitoring efficiency of every single supervisory board member. In addition, several important changes improved the cooperation of supervisory board and auditors. The most recent changes strengthened the supervisory board's responsibility with regard to internal control and risk management.The vest majority of those changes in the German supervisory board system are very welcome. However, the current regime of German codetermination as well as the excessive size of the supervisory board has to be changed. Under the important developments on the European level, the time has come to act now in this direction. The advocated concept of codetermination by consensus provides a solid basis for more flexibility in the rigid German corporate governance system. It is also desirable to further limit the size of the supervisory board to no more than twelve members. Finally, the efficiency of the corporate governance system would be improved by allowing enterprises to choose between a one-tier and a two-tier board system.

The ultimate controlling owner and corporate governance in Brazil

2019 ◽  
Vol 19 (1) ◽  
pp. 120-140 ◽  
Author(s):  
Vicente Lima Crisóstomo ◽  
Isac de Freitas Brandão
Keyword(s):  
Corporate Governance ◽  
Emerging Market ◽  
Governance System ◽  
Private Benefits ◽  
Controlling Shareholder ◽  
Content Type ◽  
Controlling Shareholders ◽  
Private Benefits Of Control ◽  
Corporate Governance System

Purpose High ownership concentration makes controlling blockholders powerful enough to use private benefits of control and able to shape the corporate governance system to favor their own interests. This paper aims to examine the effect of the nature of the ultimate firm owner on the quality of corporate governance in Brazil. Design/methodology/approach Econometric models are estimated to assess whether the nature of the ultimate controlling shareholder affects the quality of the corporate governance system. Models are estimated using panel data methodology with coefficients estimated by the generalized method of moments system estimator. Findings The results show that the absence of a controlling shareholder has a positive effect on corporate governance, whereas the presence of a controlling blockholder, or a shareholder agreement among a few large shareholders, has a negative effect. This adverse effect holds when the controlling blockholder is a family or another firm. The findings are in line with the expropriation effect given that weaker corporate governance system facilitates controlling shareholders’ ability to extract private benefits of control. The findings also give support to the substitution effect as powerful blockholders take on the management monitoring function by weakening the board. Originality value Following important previous literature, the study investigates the effect of the nature of large controlling shareholders on the adoption of good corporate governance practices. The work provides additional evidence on the effect of the nature of large controlling shareholders on the quality of the corporate governance system in Brazil, taking into account the main kinds of controlling blockholders present in that market. The findings give support to both the expropriation and substitution hypotheses highlighting the presence of the principal-principal agency model in an important emerging market, Brazil.

scholarly journals Faktor-Faktor Yang Mempengaruhi Kualitas Prosedur Pengendalian Internal Dan Perannya Dalam Memoderasi Hubungan Persepsi Keadilan Organisasi Terhadap Employee Fraud

MAKSIMUM ◽  
2020 ◽  
Vol 10 (1) ◽  
pp. 85
Author(s):  
Ika Hariyanti
Keyword(s):  
Risk Management ◽  
Organizational Justice ◽  
Internal Control ◽  
Internal Audit ◽  
Sampling Technique ◽  
Management Training ◽  
Management Level ◽  
Control Procedures ◽  
Employee Fraud

This research aims to analyze the perception of organizational justice on employeefraud moderated by the quality of the internal control procedures of manufacturecompany in Semarang. The factors which affect the quality of internal controlprocedures is ethical corporate environment, risk management training, internalaudit activities, suitability compensation and power leadership. The population ofthis research is the top management level at the manufacture company in Semarang.The sampling technique is random sampling. 32 samples used in this research andOLS regression analysis with SPSS 19 version program. The results of this researchverify that quality of internal control procedures positively moderate the relationbetween perception of organizational justice and employee fraud. Ethical corporateenvironment and risk management training has a positive and not significant to thequality of internal control procedures. Internal audit activities has positive andsignificant to the quality of internal control procedures. Suitability compensationand power leadership has a negative and significant to the quality of interna controlprocedures.

scholarly journals Pemanfaatan Teknologi Informasi, Kualitas SDM, dan Sistem Pengendalian Intern Terhadap Kualitas Laporan Keuangan Studi pada OPD Provinsi Gorontalo

2020 ◽  
Vol 1 (1) ◽  
pp. 36-47
Author(s):  
Mardiah Sikumbang ◽  
Lukman Pakaya ◽  
Harun Blongkod
Keyword(s):  
Information Technology ◽  
Human Resource ◽  
Internal Control ◽  
Quantitative Research ◽  
Internal Audit ◽  
Financial Statement ◽  
Primary Data ◽  
Work Commitment ◽  
Analysis Technique

This research aimed to know the influence of the utilization of information technology, the quality of human resource, and the system of internal control towards  the  quality of  financial  statement  at  OPO of Gorontalo Province partially and simultaneously. This was quantitative research by using primary data obtained from the distribution of the questionnaire to the Regional Device Organization (ROO) personnel Gorontalo province. The data analysis technique used multiple regression analysis.This research finding revealed that the utilization of Information technology, the  quality of human  resource,  and  the system  of  internal  control  was simultaneously and significantly influenced the variable of quality of financial statement in ROO  of  Gorontalo  Province  with  the  determinant  value  as 64,40%.  While the remaining  was  35,600/0 could  be described  by  other unlnvestigated variables  such  as  the work  commitment of the personnel. organization justice, education and training of the personnel, as well as the follow up of internal audit. While it was partially only  the quality of human resource and the system of Internal control simultaneously and significantly influenced the variable of the quality of financial statemeot In the Regional Device Organization (ROO) of Gorontalo province.

scholarly journals الرقابة الداخلية وأثرها على جودة التقارير المالية المنشورة

2018 ◽  
Vol 14 (1) ◽  
pp. 310-349
Author(s):  
أ.محمد حسين حسن عبدالرحمن ◽  
د.مصطفى نجم البشارى على
Keyword(s):  
Decision Making ◽  
Internal Control ◽  
Internal Audit ◽  
Negative Effects ◽  
Financial Reports ◽  
Internal Accounting ◽  
Descriptive Method

The Problem of Studying in some Banks in Sudan was not Concerned with the Internal Control which results in Negative Effects that Affect the Quality of the Published Financial Reports which depend on decision making and users.The Extent of the Success of the Sudanese Banks in Applying the Verification of the Validity and Integrity of Internal Accounting Opeations.The Descriptive, method was Adopted .The Stude Reached Conclusions, Including the Failure to Evaluate the Objective Plans and Policies Adopted by the Sudanese Banks,Failure to Verife and Integrity of Accounting Operation in the Sudanese Banks, The Study Recommended that Sudancese Banks, Should Activate the Register of Assets and modernize the System, The Internal Audit of the Sudanese Banks should be followed Periodically by the item, Including the materials entered,Produced and Scrap, Work on monitoring the Protection of Comuter Systems from malicious viruses Across different Networks.

scholarly journals THE STATE OF DEVELOPMENT OF INTERNATIONAL BUSINESS IN CRISIS CONDITIONS IN UKRAINE

2021 ◽  
Vol 6 (2) ◽  
pp. 84-89
Author(s):  
Oksana Melnichuk
Keyword(s):  
International Business ◽  
Business Processes ◽  
System Analysis ◽  
Raw Materials ◽  
Practical Significance ◽  
High Tech ◽  
Business System ◽  
Business Entities ◽  
The Impact ◽  
Practical Recommendations

The subject of the study is a set of basic theoretical, scientific and methodological provisions and practical recommendations for analyzing trends in the system of international business and increase the effectiveness of institutional support for enterprises participating in international business. In the course of the research such concepts as "foreign economic activity", "international entrepreneurship", "international business" are considered. The latter is proposed to be considered as a system of business processes implemented by business entities outside of their own country and aimed at achieving strategic goals. Research methods. General scientific and special methods are used in the work, which allow to systematically solve problem tasks in the chosen direction of the research. In the course of the research such methods are used as: method of theoretical generalization; system analysis; graphic and analytical methods. Results. An analysis of the impact of the coronavirus pandemic on the activities of international market players has been made. A comprehensive analysis of the volume, commodity, geographical structure of exports and imports of goods in Ukraine in 2018-2020. It is determined that Ukraine overwhelmingly exports raw materials and imports high-tech goods. Despite the decline in foreign trade, the general trend indicates that exports and imports will grow in the long run. An objective analysis of the functioning of the Ukrainian business system with the help of many world ratings, which allow us to assess the place of Ukraine in the global conditions of development, in comparison with the economies of other countries. As a result of the study, it was determined that Ukraine is inferior to other countries in the world in trade, regulatory policy, national branding, etc., and has the best position in the field of budget transparency. The results of the analysis indicate the need to implement effective organizational and economic principles aimed at improving the quality of Ukraine's business system. The analysis and construction of the profile of the national business system allowed to identify the main problems in the system of international business and begin to form measures to address them. The practical significance of the obtained results is that the theoretical provisions and practical recommendations obtained by the author as a result of the study can be used in developing directions for the transformation of national international business in a crisis.

scholarly journals The Influence of COSO Organizational Framework Implementation on the Quality of Internal Control in Group of Companies Dani Prisma Mitra (DPM)

2018 ◽  
Vol 2 (1) ◽  
pp. 16-24
Author(s):  
Siswo Akhmad Nurhidayat
Keyword(s):  
Risk Management ◽  
Hypothesis Testing ◽  
Internal Control ◽  
Internal Audit ◽  
Management Training ◽  
Control Procedure ◽  
Control Procedures ◽  
Organizational Framework ◽  
Finance Department

This study analyzed the perception of organization members of the group of company in Dani Prisma Mitra (DPM) about the influence of COSO organizational framework consisting of company ethical environments, risk management training and internal audit activities on the quality of internal control procedures. Population in this research is all employee in finance and non-finance department with the level of supervisor and upward at DPM. Hypothesis testing used multiple regression analysis with a discussion of contingency theory. Hypothesis testing concluded that company ethics environments and internal audit activities have the positive and significant influence on the quality of internal control procedure, while risk management activities have a positive but not significant effect on to the quality of internal control procedure.

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