Does corporate integrity improve the quality of internal control?

Wei, Shiming; Ying, Chang; Lin, Bin

doi:10.1016/j.cjar.2018.09.002

Cited by 38 publications

(32 citation statements)

References 32 publications

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“…-it is determined how effectives are the measures taken by the economic entity to minimize accounts receivable and liquidate accounts payable [31][32][33].…”

Section: Methodsmentioning

confidence: 99%

Internal control of transactions operation in the sustainable management system of organizations

et al. 2021

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In modern conditions one of the main problems of economic entities is the increase in accounts receivable and payable, which is influenced by objective and subjective factors. In this connection the role of internal control of settlement operations is increasing. The aim of the article is to improve methodological support of internal control of settlement operations for increasing the quality of audit, providing information about the state of settlements with contractors to the management of enterprise for making operational and strategic management decisions. The proposed methodological support is based on stage-by-stage audit of settlement operations including the following main stages: audit planning; implementation of control procedures; execution of audit results. the peculiarity of internal control of settlement operations is determined by a variety of normative and information support of the audit. For the purpose of improvement of control procedures in the course of the study working documents of internal control have been developed. The working document «Verification of the availability of the agreement with a separate counterparty» can be used by the controller to identify errors arising in the preparation of the contract, as well as to determine the completeness and timeliness of the parties to fulfill their obligations, With the proposed in the study working document «Confirmation of the status of settlements with counterparties» can identify cases of fraud and misstatement of data contained in the financial statements. In the course of the study it was proposed to perform a point-rating assessment of debtor reliability based on a system of key indicators in the internal control process. The suggested rating estimation of counterparties will make it possible to carry out their comparative analysis and grouping as well as to identify those counterparties that have a high probability of non-payment of existing debts. The practical significance of the study lies in the possibility of using the developed approaches to determine the information base, to set the purpose and definition of control tasks, to the rational choice of control procedures, to the use of working papers in the process of internal control of settlement operations.

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“…-it is determined how effectives are the measures taken by the economic entity to minimize accounts receivable and liquidate accounts payable [31][32][33].…”

Section: Methodsmentioning

confidence: 99%

Internal control of transactions operation in the sustainable management system of organizations

et al. 2021

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“…In the process of internal control, actual data is collected from internal and external sources. At the same time analytical and evaluation procedures are carried out, the results of previous inspections are studied [22][23][24][25].…”

Section: Documentary Controlmentioning

confidence: 99%

Development of a methodological tool for internal control to increase the efficiency of use of fixed assets

et al. 2021

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The basis of the material and technical base of the operation of enterprises are fixed assets. Therefore, the effective organization of accounting and internal control of operations with fixed assets is one of the important tasks facing the management of any enterprise. The purpose of the article consists in development of methodical toolkit of internal control for increase in efficiency of use of the fixed assets. For the development of theoretical bases the article develops the conceptual model of internal control of operations with the fixed assets, which is a logically interconnected system including basic elements of internal control such as purpose, objectives, functions, object, subject, tools, sources of information, regulatory framework, evidence collection, execution of audit results and development of recommendations. In order to improve methodological support, the working papers of internal control were developed in the article. The proposed working documents can be used to identify critical areas of accounting with a high level of risk and determine the means of control necessary to conduct control procedures; to assess the organization and functioning of internal control, the effectiveness of employees responsible for the safety of fixed assets; formation of the information base for management decisions; assessment of risks associated with the acquisition and use of fixed assets.

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“…(Kim & Harmon, 2014). W. Shu, Chen, Lin, & Chen (2018), found that people were more likely to approve negative actions when it was clarified that the action was the result of good intentions rather than bad ones. Kramer et al (2012) study of organizational actions in the California cattle industry observed that efforts to justify controversial actions by referencing normative and socially endorsed organizational practices (e.g.…”

Section: Justificationmentioning

confidence: 99%

Repairing Individual Trust in Organizational Setting: The Mediating and Moderating Role of Benevolence and Competence Based

2019

JMCR

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Introduction: Trust is a social construct that is present in the day-today routine of humans negative events such as product failure, revelations of corrupt practices, and unfulfilled promises could distort trusting relationships, develop negative future expectations, and in due course lead to trust violations. To maintain or restore the resultant loss of trust, organizations must examine and understand how trust was violated in the first place since different means of damaged trust are likely to require different reparative responses. Objectives: This study investigates how individual trust is repaired in an organization using apology and justification as means of repairing competence-based and benevolence-based trust violations. Study Design: Using a medical practitioner working in a private medical foundation called Save the Child Foundation, this research adopts a quantitative survey methodology using self-administered questionnaires to collect data from 304 patients and workers from a fictitious medical hospital in Cameroon. Hypothesis testing was carried out using structural equation modeling and regression analyses. Results: Through a scenario questionnaire survey, the study provided support for all of the hypotheses. Hypotheses 1 and 3 focused on the strategies of repairing trust. The result shows that benevolence had a mediating effect on apology, justification and trust repair. With the help of benevolence, medical organizations can easily accept to re-engage with individuals' doctors (John Benson) after trust violation. This shows that apology and justification are a good combination factor that can be used for repairing individual trust in organizations. More also, this study shows that the verification of Hypotheses 2 and 4 confirmed that competence-based trust had an important moderating effect on the positive relationship between benevolence-based trust and trust repair. In this case, competence could be regarded as a determining factor of repairing trust that has been violated.

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Does corporate integrity improve the quality of internal control?

Cited by 38 publications

References 32 publications

Internal control of transactions operation in the sustainable management system of organizations

Internal control of transactions operation in the sustainable management system of organizations

Development of a methodological tool for internal control to increase the efficiency of use of fixed assets

Repairing Individual Trust in Organizational Setting: The Mediating and Moderating Role of Benevolence and Competence Based

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