Internal control system and mechanism of Chinese listed companies: an empirical study

Wang, Qian; Xue, Xiaolong; Lee, Carmen K.H.

doi:10.1080/17517575.2020.1778094

Cited by 6 publications

(6 citation statements)

References 13 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This motivation is the basis for implementing a strong internal control system so that it has positive impacts on the quality of financial reports which is one of the outputs of government services for the public. The findings of this first hypothesis also confirm the similarity of results from previous studies, including those found by Irsutami et al (2018); Rafindadi & Olanrewaju (2019); Ridzal et al (2022); Wang et al (2020) The relationship between the effect of ICS on the financial report quality is positive and significant. Therefore, there is a unidirectional relationship between the internal control system and financial report quality.…”

Section: Internal Control System Has a Significant Positive Effect On...supporting

confidence: 89%

“…An effective internal control system reduces the need for assurance over other types of disclosure (Lennox & Wu, 2022), such as sustainability reports. A comparative study of publicly listed companies in China and the United States by Wang et al (2020) shows that SPI is one of the variables affecting financial performance. Rafindadi & Olanrewaju (2019) tested the effect of ICS on financial reports quality for Non-Governmental Organizations (NGO's) in Nigeria.…”

Section: Jrakmentioning

confidence: 99%

See 1 more Smart Citation

Improving The Quality Of Local Government Financial Reporting Through The Impact Of Internal Control System With Human Resource Competencies As A Moderator

Mutoharoh,

Ifada

2023

JRAK

View full text Add to dashboard Cite

Purpose: The increasing demand for transparency and accountability of the government institutions has led to an interesting discussion about the factors that affect the quality of government financial reports. This study examines the effect of the internal control system on the financial reports quality at Kudus Regency government agencies by raising human resource competency as a moderating variable. Methodology/approach: Questionnaires were distributed to all local government institutions and as many as 106 answers were returned for processing. Analysis using Partial least Square (PLS) for hypothesis testing. Findings: The results prove that the internal control system has a positive effect on the financial reports quality. However, in terms of moderating effect, human resource competence in fact, weakens the influence of the internal control system on the quality of financial reports. Practical implications: By highlighting best practices from local government institutions, the results of this research are expected to become relevant considerations in determining strategy to improve local government services. Originality/value: This study raises the case of best practice in the Kudus Regency Government, which in 2022 received an Unqualified Opinion from the Indonesian Audit Board on their Regional Government Financial Report for the 2021 fiscal year. The Unqualified opinion in Kudus Regency is the tenth consecutive achievement, making this research interesting and has become a model for other local governments.

show abstract

Section: Internal Control System Has a Significant Positive Effect On...supporting

confidence: 89%

Section: Jrakmentioning

confidence: 99%

Improving The Quality Of Local Government Financial Reporting Through The Impact Of Internal Control System With Human Resource Competencies As A Moderator

Mutoharoh,

Ifada

2023

JRAK

View full text Add to dashboard Cite

show abstract

“…Methodologies for evaluating organizational performance are always evolving and changing, and their application impacts may differ based on the study methods employed. A practical approach to evaluating organizational performance considerably impacts organizations' ability to reflect their actual level of performance (Wang, Xue, Yang, & Lee, 2021). However, the organizational performance evaluation system has many flaws.…”

Section: Discussionmentioning

confidence: 99%

A Balanced Scorecard Approach for Evaluating Organizational Performance of Nepal Telecom

Dahal

Ghimire

Rai

2022

Management Dynamics

View full text Add to dashboard Cite

A balanced scorecard approach is a common performance measuring system that employs performance metrics from financial and non-financial aspects. It describes an organization's current performance status and offers foundations for future performance. The study aims to assess the organizational performance of Nepal Telecom as a case study through the balanced scorecard. It adopted a quantitative research approach and employed secondary data to quantify Nepal Telecom's performance from 2016/2017 to 2020/2021. The study's findings revealed that Nepal Telecom's overall performance scores were 75, 83, 55, 45, and 47 out of 100 for the study periods. The first two years' performance score represented exceptional performance before the COVID-19 outbreak, and the last three years' performance represented average performance throughout the COVID-19 outbreak. Such findings empower managers to make a long-term decision that benefits the organization. Future scholars may carry out similar work using primary data sources since this study primarily uses secondary data sources.

show abstract

“…Companies managements are interested in boosting internal control efficiency (Wang et al, 2021). Internal control is defined as "a broad concept that covers the entire range of procedures, methods and controls established by an organisation for the purpose of increasing the probability to achieve its business goals" (Hunziker, 2017, p. 400).…”

Section: Psychological Capital Creative Performance and Internal Cont...mentioning

confidence: 99%

The Interplay Amongst Internal Auditors’ Psychological Capital, Creative Performance and Internal Control Efficiency

Al-Hajaia¹

2022

IJARAFMS

View full text Add to dashboard Cite

This study examined internal auditors' psychological capital relationship with their creative performance. It also investigated the total effect of such a relationship on internal control efficiency related to targets' achievement. The partial least squares structural equation modelling was employed to validate and test the study model, based on data collected from 118 internal auditors of companies listed on the Amman Stock Exchange. The main results indicate that internal auditors' psychological capital positively influences their creative performance, indirectly enhancing the degree of internal control efficiency in achieving targets related to financial reporting, operations, and compliance. This study offers empirical evidence on the psychological capital value as an enabler to engage in creative performance and support the perpetual endeavours of those charged with governance to boost internal control efficiency. Also, the findings highlight the importance of providing internal auditors with the required resources and facilities to enhance their psychological capital and performance.

show abstract

Internal control system and mechanism of Chinese listed companies: an empirical study

Cited by 6 publications

References 13 publications

Improving The Quality Of Local Government Financial Reporting Through The Impact Of Internal Control System With Human Resource Competencies As A Moderator

Improving The Quality Of Local Government Financial Reporting Through The Impact Of Internal Control System With Human Resource Competencies As A Moderator

A Balanced Scorecard Approach for Evaluating Organizational Performance of Nepal Telecom

The Interplay Amongst Internal Auditors’ Psychological Capital, Creative Performance and Internal Control Efficiency

Contact Info

Product

Resources

About