Examining the effects of internal control system on crisis management skills

Aksoy, Tamer; Sağlam, Murat

doi:10.20525/ijrbs.v9i6.922

Cited by 3 publications

(2 citation statements)

References 12 publications

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“…Furthermore, according to the risk assessment component of the COSO internal control framework, the risks in the digital ecosystem, including digital fraud and corruption risks, are to be evaluated within the scope of all risks of the organization. All interested parties, including internal auditors, management and employees, should be aware of the assesment of these digital risks and know what to do when these risks arise (Aksoy and Saglam, 2020). For this reason, internal auditors and risk professionals should develop their digital skills to capture fraud cases that may affect their organizations through this channel.…”

Section: New Tools and Techniques In Internal Audit And Risk Assessme...mentioning

confidence: 99%

Artificial Intelligence in Internal Audit and Risk Assessment

Kahyaoğlu

Aksoy

2021

Contributions to Finance and Accounting

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In this study, the effects of artificial intelligence applications, which have gained importance recently, on internal audit and risk assessment are analyzed. Internal audit and risk assessment are critical for the early detection of risks that arise in the processes of businesses that are becoming more complex and exposed to external factors due to digitalization. With the internet of things that are generally accepted all over the world, there are significant differences in the way businesses do business. This situation also forces companies to differentiate internal audit and risk assessment, which is a strategic and integral element of management processes. In this context, this study focuses on the challenges and opportunities faced by internal audit and risk assessment because of digitalization, big data analysis and artificial intelligence applications depending on the rapidly developing digital work environments. Accordingly, the study includes in-depth analysis to contribute to the particularly relevant literature and to develop policy recommendations for audit and risk management professionals.

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Section: New Tools and Techniques In Internal Audit And Risk Assessme...mentioning

confidence: 99%

Artificial Intelligence in Internal Audit and Risk Assessment

Kahyaoğlu

Aksoy

2021

Contributions to Finance and Accounting

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“…In another study by Aksoy and Saglam (2020) found that internal control system (ICS) within the Istanbul Metropolitan Municipality Fire Service Department was effective. It also concluded that the effectiveness of ICS increases crisis management performance in pre-crisis, during the crisis and post-crisis stages, and there is a similar relationship between crisis management.…”

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confidence: 99%

Assessing financial risk management in local governments

Aksoy¹,

Asan²

2020

IJBES

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The purpose of this study is to examine the impact of the financial risks local governments are exposed to within the scope of financial risk management practices. ?stanbul Metropolitan Municipality (?MM) was selected for this study because it is the largest local government with the highest budget. ?n the study, the development of financial risk performance of ?MM between the years 2008-2018 was examined in the light of the risks ?MM is exposed to. The main results regarding the risks faced by ?MM during the period are as follows: Financial data obtained from the financial statements of ?MM were used to examine the performance of listed risks& effects they have on the budget of ?MM. The results indicate that (i) risk of Dependence on Shares from the central budget revenue; (ii) ?MM was directly dependent on the central budget in terms of revenues, so in this period, the risk of dependency was high in terms of counterparty risk.

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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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Examining the effects of internal control system on crisis management skills

Cited by 3 publications

References 12 publications

Artificial Intelligence in Internal Audit and Risk Assessment

Artificial Intelligence in Internal Audit and Risk Assessment

Assessing financial risk management in local governments

Tourism Businesses and Internal Control System

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