Assessing the Impact of Monitoring, Information and Communication on Banks Performance in Ghana

Mbilla, Simon Akumbo Eugene; Nyeadi, Joseph Dery; Gbegble, Michael Kwame; Ayimpoya, Redruth Nyaaba

doi:10.9734/ajeba/2020/v14i330197

Cited by 9 publications

(11 citation statements)

References 15 publications

(16 reference statements)

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“…The studies by Collins, (2014) and Mbilla et al, (2020) were all geared towards finding the extend at IC affects Performance. Collins, 2014 employed control environment, control activities and information and communications components of ICS framework while Mbilla et al, 2020 used Information Communication and Monitoring.…”

Section: Ijrbs Vol 9 No 4 Issn: 2147-4478mentioning

confidence: 99%

Assessing bank’s internal control effectiveness

Aksoy¹,

Mohammed²

2020

IJRBS

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This paper aims to evaluate the effectiveness of Ghanaian listed banks using COSO’s IC framework. Only Control environment, Risk assessment, and Monitoring activities components of the framework considered for this study. Methodologically, out of the 60 questionnaires, surveys distributed to the banks 37 copies received representing a 61.7% response rate. Statistic Package for Social Sciences (SPSS) v25 used to analyze data by running among other reliability tests, tests of normality, and descriptive statistics. The results of means and standard deviations gained ascertained that; strong controls existed in the control environment, risk assessment, and monitoring activities of internal control of the Ghanaian listed banks. A risk assessment had a low average mean compared to the control environment and monitoring activities. Because banks operate under higher risk than any other financial institution, we propose that Ghanaian listed banks should increase investment in risk assessment.

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Section: Ijrbs Vol 9 No 4 Issn: 2147-4478mentioning

confidence: 99%

Assessing bank’s internal control effectiveness

Aksoy¹,

Mohammed²

2020

IJRBS

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“…The research has revealed that IC practices have a positive effect on achieving corporate goals. The studies by Collins (2014), Mbilla et al (2020), Mawand (2008), Chebungwe andKwasira (2014), andWidyaningsih (2014) shown that ICS and IC activities have positive influence on firm performance.…”

Section: Empirical Reviewmentioning

confidence: 99%

Examining the effects of internal control system on crisis management skills

Aksoy

Sağlam

2020

IJRBS

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This study examines the effects of the effectiveness of the internal control system (ICS) on crisis management skills (before, during, and after the crisis) in the event of a disaster through the Istanbul Metropolitan Municipality (IMM) Fire Service Department. Methodologically, a comprehensive survey questionnaire was used to collect data from 251 workers of the IMM fire service department located on the Anatolian side of Istanbul. Statistic Package for Social Sciences (SPSS) version 22 used to analyze data by running among other reliability tests, T-Test, ANOVA, and Regression analysis. The results of the study indicated that ICS of the Fire Service Department of IMM showed high levels of effectiveness in the event of a disaster and that the institution has a high level of crisis management skills. In addition, the study found that a high positive relationship existed between ICS and Crisis Management Skills of the IMM fire service department before, during, and after the crisis in the event of a disaster. Finally, the study revealed that, ICS has a positive and high impact on IMM crisis management skills before, during, and after the crisis, and that the effectiveness of ICS had increased the crisis management skills of the institution.

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“…Financial services firms have established strategies within and out of their company including modern way of dealing with customers, provision of service, corporate social responsibilities and successful procedure of control systems (Mbilla et al, 2020). Financial services firm occupy an important position in the global financial system through money supply by affording cheap credit to customers and protection against loss of asset.…”

Section: Introductionmentioning

confidence: 99%

“…It has been established that most studies are conducted mostly in banking sector. Among them are Zandi andHui, (2020),Awen et al (2018), Mbilla et al, (2020), Temile et al, (2019), Tamimi, (2021, Zandi and Hui, (2020), Akumbo et al, (2020), Akwaa-Sekyi and Gené, (2017), Akwaa-Sekyi and Gené, (2016), Ayagre et al, (2014), Adeleke et al, (2020), Bayyoud, (2015, Bayyoud and Sayyad, (2015), Cho and Chung, (2016), Thuan et al, (2020)used banks as a case study. Therefore, this study focusses on banking sector and insurance firm sector in Nigeria.…”

Section: Introductionmentioning

confidence: 99%

Untitled

2022

EJAAFR

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Fraud prevention involves the integration of all efforts that may be used to reduce or limit the opportunities to commit fraud in an organization. It is tool for protecting the collapse of business activities and it is widely use in the corporate world to manage business challenges. The internal control system is use manage risk and to prevent fraud and errors in order to prevent business losses and liquidation of business. On this basis, the study seeks to examine the effect of internal control system on fraud prevention of financial services firms in Nigeria. The population is 284 respondents from the listed financial services firms in Nigeria. A cluster sampling technique was adopted for the study. The data was sources through the primary sources and a structure questionnaire were administered to the respondents through the use of five-point Liker scale system, and the SMART-PLS-3-SEM was used to analyze the fitness of the data and test the research hypothesis. A constructive reliability and validity, the discriminant validity measure and cross loadings were used to test the fitness of the model. Path coefficient, predictive relevance of exogenous. Findings from the study revealed that control environment and monitoring were found to have a positive and significant effect on fraud prevention, while the information and communication has a negative and significant effect on fraud prevention. Risk assessment show an insignificant positive effect on fraud prevention while control activities is negative and insignificant effect on fraud prevention of the listed financial services firms in Nigeria. In conclusion, the study found that internal control system has a significant influence on fraud prevention. It is recommended among others that the management of financial services firms should maintain the used in control environment, monitoring system because they play a greater in effect on fraud prevention. Also, regulator agency such as CBN, EFCC and ICPC should develop an internal control framework and policy that will guide the financial services firm in Nigeria.

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Assessing the Impact of Monitoring, Information and Communication on Banks Performance in Ghana

Cited by 9 publications

References 15 publications

Assessing bank’s internal control effectiveness

Assessing bank’s internal control effectiveness

Examining the effects of internal control system on crisis management skills

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