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

Ola Muhammad Khersiat

doi:10.5430/ijfr.v11n2p371

Abstract

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.

Highlights

The concept of internal control has developed significantly, with the advent of international companies, multinational corporations
Is there an application of internal control components based on Committee of Sponsorship Organizationsreport (COSO) framework to carry out tasks and services transparently, ensure integrity and boost quality and efficiency at Greater Amman Municipality?
After the researcher has presented the detailed description of the statements regarding the efficiency of the application of internal control components based on COSO framework to carry out tasks and services in a transparent way, ensure integrity and boost quality and efficiency at Greater Amman Municipality, he has tended to clarify in Table (7) the arithmetic means and standard deviations, and order the relative importance of the study sample individuals estimations on the range of the efficiency of the application of the internal control components based on the COSO framework to carry out tasks and services transparently, ensure integrity and boost quality and efficiency at the Greater Amman Municipality

Summary

Introduction

The concept of internal control has developed significantly, with the advent of international companies, multinational corporations. An efficient and reliable internal control system contributes to reducing the costs of external audit and protects the facility against risks encountered as well as reducing its exposure to such risks. The Administration sets up and monitors an effective internal control system through a periodic review aiming to develop and improve the framework governing work and performance. In 2001, the International Organization of Supreme Audit Institutions (INTOSAI) resolved to update the internal control standards instructions of 1992 in the government sector, to observe all the modern challenges in the field of internal control and introduce the concept of the Committee of Sponsorship Organizationsreport (COSO) that being an internal control report in the (INTOSAI) integrated framework document. The application of COSO aims at contributing to the general awareness of internal control and setting instructions to create an effective internal control

Objectives

Methods

Results