Company's Control System Research Articles

Impact of Strategic Audit on Enhancing the Efficiency of the Internal Control System: A Study of Industrial Companies in Iraq

The study aims to provide a general and brief introduction to the audit process, demonstrate traditional and modern performance measurement tools and methods that are compatible with strategic auditing, and provide a conceptual framework for strategic auditing and the internal control system. And the relationship between them. It helps the concerned establishments increase their performance and achieve their goals in light of the results of the study. The research sample consisted of the General Company for Textile Industries in Iraq, which is the Baghdad Laboratory, the Nineveh Laboratory, the Diwaniyah Laboratory, and the Babylon Laboratory (according to the SPSS statistical program). The purpose of the study was to know the extent to which industrial companies in Iraq apply strategic audit mechanisms, what their impact is on the internal control system in companies, and how to benefit from the application of these strategies in the audit process. The study found a relationship between the efficiency and effectiveness of strategic auditing and improving the efficiency of the internal control system. Increasing the efficiency of the internal control system using the strategic audit method. The study recommended implementing the strategic review system effectively to benefit from its advantages in increasing the efficiency of the internal control system in companies in general and industrial companies in particular and trying to use advanced techniques to measure the internal control system.

The Sistem Pengendalian Manajemen dan Implementasi Aplikasi Internet Mobile Banking untuk Meningkatkan Kinerja Karyawan pada PT. Bank Syariah Indonesia

Management control system is a system used by management to influence members of the organization to carry out organizational strategies and policies efficiently and effectively in order to achieve organizational goals. Employee performance is one of the factors in measuring the success of the company's control system, an individual's ability to do the job in accordance with what has been given to him. This study aims to determine the effect of management control system efficiency on employee performance at Bank Syariah Indonesia KC Mataram. Bank Syariah Indonesia is a company that recently merged with 3 other Islamic bank companies. This type of research uses qualitative research methods. Qualitative research is research that intends to understand the phenomenon of what is experienced by research subjects. With this merger, researchers want to know whether there is a decrease or increase in the quality of employee performance.

Analisis Kecurangan Laporan Keuangan dalam Perspektif Teori Fraud Hexagon pada Perusahaan Industri Keuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2022

This study aims to prove and verify the potential for Fraudulent Financial Reporting (FFR) based on the hexagon fraud theory. FFR practices cause losses to investors, creditors and other stakeholders, so it is important to identify the elements that trigger FFR practices. The elements of the hexagon fraud theory are stimulus, capability, collusion, opportunity, rationalization and ego in influencing the occurrence of FFR. Companies in the financial industry listed on the IDX 2017-2022 as the population in this study with a total of 95 companies. The sampling technique used purposive sampling and produced 55 companies as research samples. The research approach used is a quantitative approach. The data analysis technique used is SEM-PLS which is processed with the SmartPLS Vs 3.0 program. The findings in this study indicate that stimulus, capability, ego and collusion have a negative effect on FFR while there is no opportunity and rationalization effect on FFR. The results of this study contribute to academics in broadening references regarding factors triggering the occurrence of FFR, as well as adding insight to companies in detecting FFR as an effort to improve the company's control system and as a tool for potential investors in analyzing their investments to reduce the risk of loss

Taking risky actions as a basis for prosecuting the officials of the business company

On the basis of the conducted analysis, it has been concluded that the responsibility of the officials of entrepreneurial companies in modern law is studied in the context of corporate governance as one of the elements of the management and control system of companies and one of the means of ensuring their responsible management. At the same time, the issue of clear delimitation of powers between the bodies of an entrepreneurial company is closely related to the issue of liability of their officials to the company itself, since their liability always arises as a result of violation of the duties assigned to a particular body (to one or another official).
 It is the specific definition of the rights and obligations of persons performing the functions of the bodies of a business company, and their activities on behalf of the company in good faith and reasonably and without exceeding their powers that forms the basis for the stability of property and non-property corporate relations within the corporate governance of a business company.
 The essence of risky actions as grounds for bringing to responsibility of officials of an entrepreneurial company has been clarified. It has been concluded that, given the essence of the risky activities of an entrepreneurial company aimed at making a profit and its further distribution among the participants, the actions (inaction) of the participants of relations within the relevant legal entity contain risks of both economic and legal content. Such risks should be classified into justified and unjustified, which are associated with the further possibility of bringing to justice the persons guilty of causing damage to the participant of corporate legal relations. It has been emphasized that it is the justified nature of entrepreneurial risk in the actions of persons performing the functions of the bodies of an entrepreneurial company, and their reasonable, conscientious, with due care and prudence activity, as well as taking all measures for the proper performance of duties and prevention of adverse legal consequences for the company, allows o talk about their release from liability for damages.
 It has been noted that the legal mechanism of civil liability of officials to the business company for actions that are risky and may cause damage to the company needs to be improved in domestic law.

Assessment and Prioritize Risk Factors of Financial Measurement of Management Control System for Production Companies Using a Hybrid Z-SWARA and Z-WASPAS with FMEA Method: A Meta-Analysis

The management control system in an industry is managerial, directional, hindrance, and cohesive action in order to cohere and regulate various branches and sub-branches. In fact, it is a system that supports the real state of matters in the right way. This method is intended at assuring that the purposes and activities carried out have the desired outcomes and eventually lead to the objects and purposes of the company. In this matter, the financial and non-financial management control system is essential both when it comes to strategy community; Consequently, in this paper, the management control system is classified into financial and non-financial categories because such analysis gives a chance to get a broad assessment of a management control system relationship in organizations. In this paper, we evaluate the relationship between business strategy and management control system and their influences on financial performance measurement of a manufacturer (a case study of Maral Co.) with the use of Merchant’s theory. Furthermore, In this case, a decision-making strategy centered on the FMEA is used to identify and prioritize risk factors financial of the control system in companies. Nevertheless, because this strategy has some significant limitations, this research has presented a decision-making approach depending on Z-number theory. For tackle, some of the RPN score’s drawbacks, the suggested decision-making methodology combines the Z-SWARA and Z-WASPAS techniques with the FMEA method. The findings reveal that in the non-financial management control system element, customer satisfaction, and in the financial component, cost standards are at the largest level of weight. Furthermore, the strategic planning factor with a rate of 2.95 and the deviation analysis factor with a rate of 2.87 is at the lowest level, respectively. In sum, market or industry changes are the primary cause of risk in businesses, according to FMEA methodology and the opinions of three professionals.

IMPLEMENTASI AKUNTANSI PADA UMKM SERTA IMPLIKASINYA TERHADAP KUALITAS INFORMASI DAN PENGAMBILAN KEPUTUSAN

The purpose of the study was to obtain an overview of the accounting practices applied to CV. X and knowing the reasons behind its implementation and knowing the implications of the application of these accounting practices on the quality of information produced by CV. X . This research is a type of qualitative research with a case study approach. The subjects in this study are medium-scale MSMEs in the Pasuruan area which are engaged in the concentrate block industry. Sources of data used in this study are secondary and primary data. Data collection methods used include observation, interviews, documentation of literature studies and Web studies. This study uses a descriptive technique to analyze the data. The results of this study stated that accounting practices in CV. X. has not fully referred to SAK ETAP. Although it has been able to prepare a number of financial reports according to the mandate of ETAP, CV.X has not been able to implement accounting according to standards properly. This is based on various factors including the environment, the lack of competence of the company's human resources, weaknesses in the company's control system and the lack of rules and regulations from the government. As a result, the company failed to meet the qualitative requirements of information quality. However, this does not affect the company to produce quality information. Poor accounting practices at CV.X apparently did not significantly affect the decision-making process.

МАТЕМАТИЧЕСКОЕ ОПИСАНИЕ И КОМПЬЮТЕРНАЯ РЕАЛИЗАЦИЯ МОДЕЛИ АДАПТИВНОЙ АВТОМАТИЗИРОВАННОЙ СИСТЕМЫ УПРАВЛЕНИЯ ПРОИЗВОДСТВОМ

МАТЕМАТИЧЕСКОЕ ОПИСАНИЕ И КОМПЬЮТЕРНАЯ РЕАЛИЗАЦИЯ МОДЕЛИ АДАПТИВНОЙ АВТОМАТИЗИРОВАННОЙ СИСТЕМЫ УПРАВЛЕНИЯ ПРОИЗВОДСТВОМ

Determinants of voluntary disclosure of internal control weaknesses in Tunisia

The main objective of this research is to examine the determinants which can push the auditors to reveal the weaknesses of the internal control system in companies listed on the Stock Exchange Securities of Tunisia. We are particularly interested in determinants related to corporate governance, ownership structure and some company characteristics. The conceptual framework referred to this work is the agency theory. We concluded from the results of the logistic regression model that the probability of disclosure of internal control weaknesses was not significantly associated with corporate governance and ownership structure. However, some other company characteristics, e.g. the size are strongly related with probability of firms disclosing internal control weaknesses.

Determinants of Voluntary Disclosure of Internal Control Weaknesses in Tunisia

The main objective of this research is to examine the determinants which can push the auditors to reveal the weaknesses of the internal control system in companies listed on the Stock Exchange Securities of Tunisia. We are particularly interested in determinants related to corporate governance, ownership structure and some company characteristics. The conceptual framework referred to this work is the agency theory. We concluded from the results of the logistic regression model that the probability of disclosure of internal control weaknesses was not significantly associated with corporate governance and ownership structure. However, some other company characteristics, e.g. the size are strongly related with probability of firms disclosing internal control weaknesses.

Финансовый мониторинг в системе внутреннего контроля организации

The article covers the issues of organization of financial monitoring as an instrument of realisation of the internal control system in companies, as well as main directions of internal control of production and sales processes, privity of contract observance with counteragents.

Evaluation of maintenance performance in Metalworking Company: a case study and proposal of new indicators

In Brazil, companies work primarily with preventive and predictive maintenance (BRAZILIAN…, 2009). The maintenance sector has been strategic for companies to achieve results efficiently and with planned costs. However, the maintenance indicators are not usually analyzed. The purpose of this study was to analyze the maintenance performance of a metallurgical company and to identify potential maintenance indicators that may be adopted by that enterprise. Thus, it is expected that the maintenance sector be more competitive and efficient, contributing to the achievement of results. In order to do so, data and time periods of maintenance, nature of maintenance, and service plan for preventive maintenance were collected from the company's control system for the time period of one year. After that, the data were catalogued onto a spreadsheet. Then, the suggested indicators that were relevant to the availability of equipment for production as well as to the percentage of hours worked in preventive/predictive maintenance compared to corrective maintenance were analyzed. Preliminary results showed that the programming methodology adopted for maintenance in this study improved the availability of equipment for production and also the time of corrective maintenance, which it is of great importance.