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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 ab...
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Context 1
... test involves Cronbach alpha (CA) [32]. Table 5 revealed that, among the revised measurement model, the reliability method in the study was above the satisfactory levels (Cronbach's alphas >.70) as recommended by scholars Hair et al. [30]. However, 70 is acceptable but lower thresholds can be used in literature. ...Context 2
... test involves Cronbach alpha (CA) [32]. Table 5 revealed that, among the revised measurement model, the reliability method in the study was above the satisfactory levels (Cronbach's alphas >.70) as recommended by scholars Hair et al. [30]. However, 70 is acceptable but lower thresholds can be used in literature. ...Similar publications
The present study observed that emotional labor is an antecedent of mental ill-health among private bank marketing executives of selected banks in the state of Punjab, India. This research investigated the impact of emotional labor on mental health of employees. A total of 80 respondents were surveyed; were selected through multi-stage sampling tec...
Citations
... Banks are prone to a variety of risks and these risks are categorized into three; financial, operational, and environmental risk (Greuning, 2009). It is the role and duty of management to reduce risk to an acceptable level of exposure through building control procedures thereby providing reasonable assurance on the reporting as well as operations of an organization (Ayimpoya et al., 2020;Tunja, 2013;Muhunyo, 2018;Ho Tuan, 2016;Madawaki, 2012). ...
Banks are in business of risk management and not risk avoidance. As such, risk management should be their core competency. To survive in this highly uncertain world, financial institutions must manage risk effectively. It is in this light that internal control systems are put in place in the banking sector to assist minimize risk. The purpose of this study was to investigate the effectiveness of internal control system on commercial bank risk minimization in Zambia. The study adopted a quantitative research approach, and the study population was all auditors, internal control, and risk management personnel in Zambian commercial banks. Committee of Sponsoring Organization (COSO) internal control framework was used to identify the components of an internal control system and its effectiveness. This framework was adopted because it is a model that has generally been accepted for its prescribed model on internal control appraising. Results indicated that there is a positive and significant relationship between an internal control system and risk reduction of commercial banks at 5% significance level (p=0.00 <0.05). The study results also indicated that the internal control system present in Zambian commercial banks is effective in reducing risk.
... The control environment creates a conducive organizational structure and environmental conditions that impact other elements of internal control. However, the internal control system is essential for public and private organizations (Ayimpoya et al., 2020). Internal control can improve the performance of higher education institutions in Zanzibar. ...
... The element of internal control that can affect performance is the control environment because it has an impact on operations and other system elements (Omar & Yussuf, 2021). Ayimpoya et al. (2020) also proves that the internal control environment can improve organizational performance. H2: Control Environment Positively Affects School Performance Transparency can be done by the government through the delivery of information to the public. ...
... H4: Performance Can Mediate the Effect of Participation on Transparency Implementation of the internal control environment is the responsibility of management, but the role of internal parties also determines its implementation (Rahayu et al., 2021). A good control environment will improve performance (Ayimpoya et al., 2020;Omar & Yussuf, 2021). Implementing the government's internal control system, including the control environment, has a positive influence on increasing transparency (Listari et al., 2018). ...
This study examines the effect of participation and the internal environment on transparency with performance as a mediator. PLS 3.0 was used to analyze the research data. We were collecting data using a questionnaire. The research respondents were principals, teachers, and employees of public elementary schools. The number of respondents was as many as three participants. The results showed that participation and control environment had a positive effect on performance. Performance has a positive impact on transparency. Performance can mediate the effect of participation and control environment on transparency. Schools and local governments can use performance measurement with educational scorecards to assess school performance. School performance is evaluated comprehensively, not only from the management of academic activities. Schools must pay attention to financial management performance as well. School transparency must also be considered to increase the trust of all stakeholders. Keywords: educational scorecard, school, stakeholders, academic, finance
... Careful reading of scientific publications shows that there are five interconnected parts (elements) of the internal control of a company (Ayimpoya et al., 2020;Bilgi et al., 2017;Simeonov, Lambovska, 2011): ...
Purpose of the article: The article aims at presenting and analysing key changes in the strategic internal control of companies under the pressure of crisis phenomena. The research question is how to adapt the strategic internal control to an evolving crisis through inclusion of control environmental sustainability measures, and strategic model adaptation.Methodology: A qualitative approach has been applied along with the research of larger companies from the brewery sector and small-and medium sized enterprises from the knitted fabrics manufacturing sector in Bulgaria. The study has also taken into consideration some companies’ strategic documents, as well as interviews with companies’ managers. The gathered information has been systematized, compared and evaluated with the help of the “Relative (Competitive) Advantage Matrix” model.Scientific aim: Understanding the impact of changes in strategic internal control on management under the pressure of crisis phenomena.Findings: The analysing of the quasi-control environment and competitive advantages is an important strategic management issue during crises. Competitive advantages derive mainly from the characteristics of the product (or service) that make it better than the products (or services) of competitors and they are associated with changes in the strategic internal control of companies under the pressure of hard times.Conclusions: Strategic internal control has to be adapted to the crisis situation through control environmental sustainability measures, strategic model adaptation and selected competitive advantages. Business processes are changing as a result of crisis times, then the control environment, risk assessments and competitive advantages need to be more detailed and analysed in different aspects. At the same time, the strategic internal control in hard times faces unexpected results, such as a drastic reduction in the incomes, a decrease in retail sales or a drastic increase in online sales. Using the collected information, comparisons can be made to better outline similarities and differences that will point out ways for improvement. This information should be brought to the attention of the personnel of the companies. The change in the activities should not be delayed in time, since information quickly becomes out-dated.
تهدف هذه الدراسة الى التعرف على مدى تطبيق شركة نفط البصرة لنظام الرقابة الداخلية على وفق اطار كوسو ، بالتركيز على بيئة الرقابة، انشطة الرقابة، المعلومات والاتصالات، والمراقبة
Purpose: To establish the relationship between control integrity and ethical values, and financial performance of SACCOs in Mid-Western Uganda. Methodology: To collect data was presented using frequency tables and was analyzed using standard regression analysis. Besides, a cross-sectional research design and positivist paradigm were used. Besides, a closed-ended questionnaire was used to collect data. Findings: The study findings indicate a strong positive significant relationship between integrity and ethical values and financial performance of SACCOs in Mid-Western Uganda. Unique Contribution to Practice and Policy: This study provides a detailed understanding of how integrity and ethical values influence financial performance, thus pointing to the fact that integrity and ethical values are predictors of financial performance.
In Indonesia, regional apparatus organizations are required to perform excellent performance in carrying out their duties and functions. The current environmental situation that is getting more complicated nowadays requires regional apparatus organizations to satisfy various stakeholders' interests. Organizational performance is needed to show the success of a regional organization in achieving its goals. This study aims to analyze the influence of information technology systems and control activities on organizational performance with working culture as a moderating variable. The sample of this study is 90 respondents who are employees of the Regional Apparatus Organization of South Sulawesi Province. Data for the analysis were collected by the questionnaire method during March-May 2022. The partial least squares (PLS) modelling method was chosen for data processing. The study results show that information technology systems and control activities significantly influence organizational performance. At the same time, the work culture moderates the influence of information technology systems and control activities on organizational performance. It was found that the increase in organizational performance is due to the organization's availability of information technology systems and appropriate management activities. So, the increase in organizational performance cannot be separated from the direct or indirect influence of information technology systems and control activities by the working culture in the Regional Apparatus Organization of South Sulawesi Province.
