Internal Control Objectives Research Articles

Analysis Of The Effectiveness And Efficiency Of The Internal Control System For The Supply Of Medicines In Public Hospitals Sinar Husni

The internal control system will help hospitals minimize risks arising from medicine supplies, such as damage, loss, theft and shortages of supplies which can disrupt hospital service activities in terms of medicine availability. The aim of this research is to analyze the internal control system for medicine supplies at the Sinar Husni General Hospital. This research approach is descriptive using qualitative data types. Data collection methods were carried out by interviews and literature studies. The research subjects were the pharmacist in charge and pharmacy warehouse assistant at Sinar Husni General Hospital. The results of the research show that the internal control system for medicine supplies at Sinar Husni General Hospital has not been implemented effectively and efficiently so it is not in accordance with the objectives of internal control. This is proven by the existence of control elements that have not been implemented optimally, namely the risk assessment element, control activities, and information and communication.

Stakeholder Identification in Internal Control of Building Construction using Design and Build Contract to Improve Efficiency and Effectiveness

The amount of infrastructure development in Jakarta makes internal control of the implementation of design and build contracts for the construction of state buildings need attention. The problem in internal control is there are still some recurring findings and supervisory findings that are not detected by Government Internal Supervisory Apparatus (APIP) but found by external auditors, as well as delays in completing assignments. The problems include a limited number of technical auditors, uneven knowledge, and experience of construction supervision, overlapping assignments, and a report process that takes time. These problems can have an impact on the implementation of internal control, that is lack of achievement of internal control objectives and the potential for non-compliance with the construction process with laws and regulations, thus showing that internal control of construction is not running effectively and efficiently. To improve efficient and effective internal supervision of construction, it is necessary to standardize operational procedures (SOP) or work procedures for internal control of construction, especially for design and build contracts. This research aims to identify stakeholders and the roles and responsibilities of each party in internal control of building construction using design and build contract to improve efficiency and effectiveness. The results reveal a set of internal and external stakeholders as well as the form of organizational structure and the relationship of coordination and responsibility lines. The results of this research also emphasize the roles and responsibilities of each stakeholder so that each party fully understands the obligation to carry out internal supervision assignments for design and build construction.

КОНЦЕПТУАЛЬНЫЕ ПОДХОДЫ РАЗВИТИЯ НАЦИОНАЛЬНОЙ СИСТЕМЫ ФИНАНСОВОГО МОНИТОРИНГА В БАНКОВСКОМ СЕКТОРЕ

This study considers the approaches of financial monitoring in the banking system for AML/ CFT purposes in relation to an individual, defines its role and place in the national anti-money laundering system. The paper presents the legislation that regulates the activities of organizations that carry out AML/CFT activities and describes the objectives of internal control. In addition, the role of the Central Bank of the Russian Federation in the sphere of regulation of the banking system is considered, and its control and supervisory powers are studied. This study summarizes the main financial transactions that are subject to mandatory control by banks, as well as the implementation mechanisms aimed at preventing the commission of dubious financial transactions. As a practical example of effective fight against money laundering, the statistics of the volume of cross-border transfers and the dynamics of revocation of licenses from commercial organizations are considered, and conclusions are also formulated.

Analysis of Intelligent Risk Rating of Corporate Internal Control Compliance under Information Convergence Technology

Abstract The alarming problems related to illegal construction in individual enterprises have begun to raise questions about the effectiveness of internal control in these enterprises. In order to better achieve the internal control objectives, a set of scientific and complete rating index systems and evaluation models were constructed. This paper first proposes a fuzzy comprehensive evaluation method for enterprise internal control compliance risks, establishes a factor set, the weight allocation judged by the analytic hierarchy process, and builds the internal control evaluation model framework through the hierarchical decomposition method. Secondly, the core indicators in compliance internal control are determined by the form-filling method, the core indicators are filled into the framework determined by the hierarchical decomposition method, and finally, the weights of each indicator in each level are determined through weighting calculation, and the model is built. Through the specific application of an enterprise, it is found that the effectiveness of internal control has developed from “qualified” to “excellent” in the past five years, and the POOR value has shown a downward trend year by year, from a high of 0.2821 to 0.0717. The only thing that has not developed to excellent is that in 2022, the enterprise did not carry out construction under the provisions of the planning permit and was fined 675,900 yuan, and the grade was downgraded to “good”, but the overall degree of realization of the company’s internal control risk rating is improving year by year.

Analisis Sistem Informasi Akuntansi Penggajian Pada Pt. Galang Insan Pratama

This study aims to describe the payroll accounting information system at PT. Galang Insan Pratama. This research took the object of research at PT. Galang Insan Pratama. Methods of data collection using observation, interviews and documentation. The data analysis technique used is a qualitative descriptive analysis technique by describing the payroll accounting information system that exists within the company including activities in the payroll system, documents used in the payroll system, accounting records used in the payroll system, functions related to the payroll system. payroll, the network of procedures that make up the system, the internal control system and the constraints contained in the payroll accounting information system. The results of this study indicate that the application of payroll accounting information systems at PT. Galang Insan Pratama in fulfilling the elements and objectives of internal control is still less effective. This is characterized by a computerized system that does not support, lack of supervision when fingerprints are tampered with, delays in submitting employee overtime work documents to the HRD staff and the presence of dual tasks in the payroll accounting information system.

Analysis on the Management Measures of University Scientific Research Funds under the Background of "Delegation, Regulation and Service

Under the background of "decentralization, management and service", with the transformation of the management mode of scientific research funds from supervision and management to supervision and management and standardized services, from the responsibility system of project leaders to the responsibility system of legal persons, from process control to results oriented, and from fine budget to lump sum budget, the focus of internal control of scientific research funds has also changed, from project level risk to unit level risk. How to better control the internal control of scientific research funds at present? This paper analyzes the effectiveness of comprehensive budget performance management on the internal control of scientific research funds, proposes to combine the assessment indicators of comprehensive budget performance management with the internal control risk points, guide the scientific research management departments and researchers to improve the internal control measures by completing the assessment indicators, so as to achieve the internal control objectives, and discusses the above situation with case method.

The Influence of Internal Control Quality on Enterprise Performance of Chinese Listed Companies

With the further deepening of the internationalization of Chinese capital market, the various risks faced by enterprises are becoming more and more serious. Internal control can help companies reduce risks and provide effective protection to achieve strategic and operational goals. Therefore, research on the relationship between internal control quality and enterprise performance will help increase enterprises’ attention to internal control, and will promote the development of internal control in China.Based on the internal control objectives, this paper studies the relationship between internal control quality and enterprise performance. Taking the data of 2012-2018 of listed companies in China as the research sample, the empirical research and analysis are carried out by means of entropy method, regression analysis and robustness test. The results show that the completion degree of the five objectives of internal control is significantly positively correlated with enterprise performance and the quality of internal control is significantly positively correlated with enterprise performance. Finally, based on the conclusions, this paper proposes some suggestions for improving the internal control quality.

The Extent to which Jordanian Commercial Banks Accomplish Internal Accounting Control Objectives

This study aimed to identify the extent to which Jordanian commercial banks achieve the objectives of internal accounting control, and the study relied on the descriptive and inferential approach. The exclusion of (4) questionnaires due to the lack of completeness of their answers. Consequently, the number of valid questionnaires for the purposes of analysis reached (164) employees of the internal control departments in Jordanian commercial banks.
 The results showed that the attitudes of the accounting internal control staff towards the dependent variable, the accounting internal control objectives in the Jordanian commercial banks, have achieved high degrees of relative importance. Also, the dimension (effectiveness and efficiency of operations) achieved the first rank with a very high degree of approval among the dimensions of the internal accounting control objectives. The second rank achieved the dimension (compliance with laws and legislation) with a high degree of approval. The dimension (reliability and completeness of financial reports) achieved the last rank with a high degree of approval.
 The study concluded with a set of recommendations, the most important of which are: improving the effectiveness and efficiency of operations by implementing appropriate control procedures in the bank to increase the efficiency of resource utilization in the bank, and measuring the effectiveness and efficiency of the applied control means through the presence of an internal audit system in accordance with the approved audit procedures.

Impact of internal oversight on transparent performance in educational institutions: أثر الرقابة الداخلية في تحقيق شفافية الأداء بالمؤسسات التعليمية

The purpose of the study was to identify the role of internal control in achieving transparency in the performance of educational institutions. The study was applied to the education directorates of the Northern Aguar Brigade. In order to achieve the objective of the study, the design of the resolution study tool was followed. It was confirmed that it was true and stable. (40) a staff member of the Education Directorates of the Northern Aguar Brigade of the Hashemite Kingdom of Jordan, selected in a deliberate manner. The results of the study are as follows: The general estimate of the study sample on the impact of internal control on the transparency of performance in educational institutions has received a total average. In the light of the results of the study, the researcher made a number of recommendations, including awareness-raising among personnel in educational institutions, in order to clarify the basis for building transparency and dimensions in order to be an active supporter of the implementation of internal control objectives through workshops and demonstration seminars.

Evaluating the information-analytical system’s efficiency for internal control purposes of insurance organizations

Subject. The article addresses the information and analytical system for internal control purposes of an insurance company. Objectives. The aim is to evaluate the effectiveness of software products for internal control of insurance companies, to develop parameters of indicators for information and analytical system’s evaluation. Methods. We employ general scientific research methods. The study was conducted on the basis of insurance companies using a particular software product. Results. We reviewed the specifics of software products in the context of parameters that characterize the functional completeness to support the processes of internal control of an insurance company. We developed parameters of indicators to evaluate the information-analytical system, formulated strategic goals and objectives of the system under consideration. Conclusions. The advantage of the proposed system of indicators and evaluation parameters is to assess the functional completeness of the information-analytical system in relation to the objectives of internal control of the insurance company.

EVALUASI PENGENDALIAN INTERNAL SISTEM PENJUALAN TUNAI MENGGUNAKAN METODE CONTROL MATRIX

Cash sales are one of the important activities in a company to ensure the continuity of the company's business. For this reason, an internal control system is needed that can make cash sales activities more effective and efficient. The purpose of this study is to determine the implementation and evaluation of the cash sales internal control system at the Sana Farma 2 Pharmacy. The method used is a qualitative method. The technique used in data collection is interviews, observation, and documentation which is strengthened by a questionnaire. The data analysis tool used is the control matrix based on the COSO (Committee of Sponsoring Organizations) framework. The results of the research show that the implementation of the cash sales internal control system at the Sana Farma 2 Pharmacy has fulfilled several internal control objectives, although it is not optimal because there are still several elements that have not been implemented. We recommend that Apotek Sana Farma 2 correct the shortcomings of the internal control system for more effective inventory management.
 Keywords: Internal control system, cash sales, control matrix, COSO.

Pengaruh Implementasi Internal Control dan Kompetensi terhadap Pemakai Sistem Informasi Akuntansi

A good accounting information system must have Internal Controls. Internal Controls applied in accounting information systems are very useful to prevent or keep things that are not desirable (mistakes or fraud). An information system that does not include an element of Internal Control most likely the information system is useless. One of the objectives of Internal Control. Research conducted by researchers here is to find out how the implementation of internal control in a manufacturing company in the city of Bandung in terms of the application of information systems, especially accounting. User competence is also researched to find out how the factors are in a manufacturing company in the city of Bandung. 
 Quantitative methods are used in this research which is useful for knowing how the influence of independent variables on the dependent variable, with the help of statistics. The direction of this research is quantitative research, so the researcher uses a questionnaire distributed to 30 respondents of employee staff who use the ERP Sistem (Enterprise Resources Planning system). The questionnaire was distributed to respondents to find out how the research data were obtained. After that the researchers performed multiple linear regressions with the help of SPSS version 23The result is R Square of 0.822 or 82.2%. So, it can be interpreted the ability of users and internal control contribute 82.2% of the quality of the accounting information system. Whereas (1- R square) 0.118 or 11.8% is influenced by other factors.

The Competency of Human Resources in Relation to Internal Control

To create human beings into human capital in an organization requires intellectual capital, which consists of the abilities they have and the ability to use them at work. Intellectual capital, which is the value of human resources, plays an important role and requires transformation more than just carrying out administrative functions but includes overall strategy, administration and as a liaison with top management who are responsible for organizational performance. One of the criteria for achieving the best performance in a company is the achievement of goals. internal control. One of the achievements of internal control objectives is through the ability or competence of employees.
 Employee competencies that must be possessed by these employees are ability in the field of good planning, ability to give the best influence on others, ability to communicate well, ability to open social networks, ability to think logically and ability to organize or managerial skills.

Methodological approaches to the evaluation of internal control during the audit of the "Output of Products" business process productivity

Subject. This article deals with the issues of improving methodological approaches to the evaluation of internal control. Objectives. The article aims to clarify the methodology for evaluating the internal control of costs for the production of livestock products, taking into account the peculiarities of agriculture and the business process Output of Products. Methods. For the study, I used the methods of abstraction, analysis, systematization, and generalization. Results. The article offers a developed methodological toolkit for evaluating the internal control system of an economic entity. It includes regulations for assessing the level of the client's internal control system and determining the efficiency rating. The proposed methodology is based on the point-rating system of internal control evaluation. Conclusions and Relevance. The objectives of internal control are not limited only to checking the functioning of accounting systems and preparing accounting (financial) statements, including compliance with the requirements of regulatory enactments when committing facts of economic life of an economic entity. They are also focused on assessing the achievement of the goals of an economic entity and the effectiveness of its business processes. The results of the study can be used to develop theoretical and practical provisions of the activities of audit organizations and auditors.

Evaluasi Sistem Pengendalian Intern Pemberian Pinjaman Anggota Pada Unit Simpan Pinjam Koperasi Peternak Sapi Bandung Utara Lembang

This study aims to evaluate the internal control system for providing member loans at Simpan Pinjam Unit of Koperasi Peternak Sapi Bandung Utara Lembang. The research method used is descriptive qualitative analysis method with data analysis tool in the form of control matrix. The technique used in data collection is interviews and documentation, and is strengthened by a questionnaire containing questions that refer to the internal control component according to COSO. The results showed that the implementation of the internal control system for providing member loans at Simpan Pinjam Unit of Koperasi Peternak Sapi Bandung Utara Lembang, had fulfilled the internal control objectives based on COSO but was still not optimal because there were several control elements that had not been implemented which had a significant impact, namely elements on the environmental control component, risk assessment, and control activities.

Global Mapping of Risks in Family Businesses

This study aims to approach the potential risks of the family businesses, on the basis of extensive literature and theoretical researches. This paper first provides a global overview that summarize the key literature of the family business risks, categorized according to their specificities. Subsequently, the risk mapping framework proposed is inspired by the internal control objectives (Note 1) suggested by the COSO 1 and 2 standards. This helped draw a global mapping of risks that therefore constitutes a first global risk mapping in literature, which are likely specific to this type of business. The result of our paper aims to enrich the theory and help managers to anticipate and manage family business risks.

Systematic Approach to Internal Control and Audit from the Perspective of Organizational Culture Practiced by Entities of Romania

The internal control and audit system is a component of a company’s management system that focuses on defining individual employee tasks, identifying and implementing the most efficient methods, implementing the most effective information system, and meeting all stakeholders’ needs, expectations, and requirements. The different parts of the internal management control system can be integrated with the other parts of the general management system in order for the internal control objectives to complement the general objectives of an entity, such as development, financing, profitability, and the environment. This integration can make resource planning and allocation easier, formulate complementary goals, and evaluate the entity’s overall efficiency. This reflects the current internal control and auditing method at the entity level regarding organizational culture. The study aims to use organized, statistically measurable (by applying markers of dispersion, central tendency, and correlation) evaluative, predictive, and causal methodologies to verify the theories and hypotheses proposed on the subject. Insurance and counselling add value to the entities’ activities and aid management in maintaining efficient and effective internal audit and control, assessing the reliability of the information, evaluating the effectiveness and efficiency of operations funds and public property management processes, and ensuring compliance with laws, regulations, and contracts

Pengendalian Internal Sistem Penggajian: Esensi Langkah Ekspansi UMKM (Studi pada Usaha Dagang di Kabupaten Ngawi Jawa Timur)

One of the effects of Pandemic Covid-19 is the drop in demand which resulted in disruption of the supply chain. More than 50% of Micro, Small and Medium Enterprises (MSMEs) in Indonesia potentially collapsed into bankruptcy as a result of the pandemic. On the other hand, the existence of MSMEs has a major contribution to the Indonesian economy. This is the main reason for the importance of maintaining the business continuity of the MSME sector, one of which is by implementing an efficient and effective accounting information system and internal control. Internal control of the payroll system is an important aspect because MSMEs are still very dependent on human resources (HR) in carrying out their business processes. This research is a qualitative case study which aims to examine the information system and internal control implemented by UD X. The data were obtained through interviews and documentation to be analyzed. Triangulation of methods and sources was carried out as a validation step for this research. The results of the study conclude that in general, internal control in the UD.X payroll system has met the aspects and objectives of internal control. However, to control employee attendance, an evaluation is needed. Improving the quality and motivation of employees is needed so that the willingness, discipline and productivity of employees will increase. One of the controls that can be applied by UD.X is through the provision of rewards to employees with good performance, balanced with continuous evaluation of the frequency of employee attendance.

The Role Of Control Environment In Developing Internal Control Efectiveness And Good Corporate Goverment

Internal control and good corporate government are absolutely necessary in organizational life, including companies to achieve goals and the ability to maintain their survival. This study aims to investigate the role of the control environment on the effectiveness of the company's internal control and good corporate government (GCG). The study was conducted based on literate reviews and conducted investigations regarding the implementation of internal control which is the implementation of corporate governance at PT Bank Rakyat Indonesia, Tbk, (Bank BRI) which is one of the oldest and largest banks owned by the Government of Indonesia. The data was collected through investigations of various publications by the Bank and then a descriptive qualitative analysis was carried out in relation to corporate governance which depicts the implementation of internal control systems in these Banks. The results showed that BRI Bank has successfully implemented GCG, which includes internal control and its components. In addition, this study shows that there is a relationship between the control environment, internal control and corporate governance. The control environment is the most important and fundamental component in the internal control system. Therefore, in designing internal control in order to create GCG, it must be preceded by the design of a strong control environment because without it as good as the other control components, everything will not mean anything in achieving the objectives of internal control, good corporate governance and its culmination is the achievement of company goals overall.

The Influence of Internal Control System, Cash Sales On Regional Asset Management Receipts

The internal control system is a process, which is influenced by human resources and information technology systems, which are designed to help an organization achieve a goal. The internal control system is a way to direct, supervise, and measure the resources of a regional financial management apparatus. The purpose of the internal control system is to achieve goals and guarantee or provide accurate financial reports and ensure compliance with laws and regulations. The internal control system, consisting of policies and procedures used in company operations to provide reliable financial information and ensure compliance with applicable laws and regulations. At the regional financial management apparatus level, the objectives of internal control are related to the reliability of financial reports, timely feedback on the achievement of operational and strategic objectives, and compliance with laws and regulations on cash receipts. At a specific transaction level, internal control refers to actions taken to achieve an objective to ensure payment, receipt of cash from third parties for a service that is performed). Internal control system procedures reduce process variations and cash receipt transactions and provide more accurate results. The population in this study were 44 SKPDs in the Skouw Mabo, Skouw, Yambe, Skouw Sae, and Mosso areas, Muara Tami District, Jayapura City. These four areas are the border areas of the Republic of Indonesia and Papua New Guinea. The sample collection method is purposive sampling by taking samples from the regional financial management apparatus. The data analysis technique used in this study was SEM PLS. The results of this study indicate that the internal control system, cash sales affect cash receipts.