Assessing and Analyzing Internal Control Practices in the Lodging Industry

Annaraud, Katerina; Singh, Dipendra; Lively, Heather

doi:10.1080/10913211.2014.909251

Cited by 3 publications

(2 citation statements)

References 8 publications

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“…Otherwise, inconsistencies can lead to the destruction of the good reputation of the hotel business and to major financial problems. Sometimes problems can occur even in hotels with a well-established internal control system (Annaraud et al, 2014(Annaraud et al, : 2017. A poorly-designed internal control system can lead to inefficiency, power abuse, and fraud which creates an environment of more potential (Peterson, 2018: 192).…”

Section: Iconceptual Frameworkmentioning

confidence: 99%

“…In the literature, there are previous studies conducted about the investigation of internal control system in the banking field (Tuan Vu, 2016;Owusu-Boateng et al, 2017) in public institutions (Ademola, 2015;Aziz et al, 2015) and restaurant enterprises (Frazer, 2011: Kopotiienko, 2015. In addition, studies carried out within the scope of internal control system in the hotel businesses (Mihaela & Mairan, 2013;Annaraud et al, 2014) are also available. Karagiorgos et al (2011: 28-29) aimed to measure the effectiveness of internal supervision in Greek hotel enterprises.…”

Section: Iconceptual Frameworkmentioning

confidence: 99%

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The Role of Internal Control in Hotel Business: A Research on Five-Star

Akmeşe

Gündogan

2020

Ömer Halisdemir Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi

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Today, the growth of enterprises and the more complexity of their activities bring up the need for an internal control system. Therefore, an effective internal control system must be established in hotel enterprises in order to minimize the risks that may arise. Based on this fact, the main purpose of this study is to determine the perceptions of hotel managers towards the internal control system and to examine the effects of dependent variable of "internal control system" on the independent variables of "segregation of duties", "protection of assets" and "verification of transactions". Additionally, the sub-objective of this study is to research the relationships between managers' perceptions of the internal control system and demographic characteristics. The research was carried out with the participation of 120 managers in five-star hotel enterprises operating in Alanya. The research data was collected through questionnaire technique. As a result of the research, there was no significant difference between the independent variables of "segregation of duties", "protection of assets" and "verification of transactions" and the internal control system perceptions of the managers. However, it was also concluded that managers' perceptions of the internal control system differed statistically according to their educational status.

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Section: Iconceptual Frameworkmentioning

confidence: 99%

Section: Iconceptual Frameworkmentioning

confidence: 99%

The Role of Internal Control in Hotel Business: A Research on Five-Star

Akmeşe

Gündogan

2020

Ömer Halisdemir Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi

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Internal audit function in the Croatian hospitality industry

Vlašić,

Laganis

2023

WSB Journal of Business and Finance

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Purpose – This study aims to examine the current state-of-the-art foundation, organization, role, processes, and functioning of internal audit (IA) within Croatian hotel companies in order to suggest improvements. Design/Methodology –qualitative research was conducted using a questionnaire distributed to Croatian hotel companies that quote their stocks on the capital markets, noted destinations, and internationally renowned hotel companies that operate in Croatia from March to May 2023. Based on the responses received, semi-structured interviews were conducted with internal auditors who are or have been employed by hotel companies in order to obtain more detailed information about the organization and performance of the internal audit function (IAF). Findings – The results showed that not many hotel companies in Croatia have organized IAF because it is not a legal obligation for the hospitality industry. The current stage of IAF in these companies is infrastructural or integrated, which shows possibilities for its improvement. The role of internal audit is not recognized because it is seen as a time-consuming activity and an additional expense for the hotel company, without awareness of its real purpose, opportunities to improve the efficiency and effectiveness of hotel operations, and other benefits of this function. Research limitations – the small sample of hotel companies that have IAF organized within and also a limited number of internal auditors that have experience, knowledge, and qualifications to work in the hospitality industry. The originality of the research – the first study regarding the organization of IAF in the hospitality industry.

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Tourism Businesses and Internal Control System

AHMED

2023

International Journal of Management and Administration

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Araştırmanın amacı, turizm işletmelerinin kuruluş, yapı, özellikleri temelinde iç kontrol sisteminin uygulanması, rol ve öneminin belirlenmesi şeklindedir. Etkin bir iç kontrol sisteminin uygulanması ile kurumun kontrol ortamının incelenmesi ve anlaşılması, teknik yönetici ve çalışanların, iç kontrol sisteminin bileşenlerinin ve gerçekleştirdiği ana faaliyetlerin veya yardımcı faaliyetlerin yapılandırılmasının öneminin ne ölçüde farkında olduklarının bilinmesine katkı sağlanmaktadır. Ayrıca, kontrol sisteminin maliyeti, ulaştığı amaç veya hedefleri aşmamalı, sistem kuruma maliyetinin üzerinde fayda veya getiri sağlamalıdır. Böylece, kontrol sisteminin uygulanması kuruma değer katmayı sağlayacaktır.

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Assessing and Analyzing Internal Control Practices in the Lodging Industry

Cited by 3 publications

References 8 publications

The Role of Internal Control in Hotel Business: A Research on Five-Star

The Role of Internal Control in Hotel Business: A Research on Five-Star

Internal audit function in the Croatian hospitality industry

Tourism Businesses and Internal Control System

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