Using a Movie to Study the COSO Internal Control Framework: An Instructional Case

Savage, Arline; Norman, Carolyn Strand; Lancaster, Kathryn A.S.

doi:10.2308/jis.2008.22.1.63

Cited by 18 publications

(4 citation statements)

References 9 publications

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“…Beside story telling, I also frequently showed some short movies that can rest their mind from rigidity thinking. Indeed, media such as a movie is quite an effective method to help improve critical analysis (Chabrak & Craig, 2013;Czarniawska, 2012;Jeacle, 2009;Miley & Read, 2012;Savage, Norman, & Lancaster, 2008) and increase the learning interest of students. When I opened a session for advice for the next class method, some students requested me to keep displaying movies as a medium of learning in my class.…”

Section: Participatory Learning Methodsmentioning

confidence: 99%

Building Critical Awareness of Accounting Students: A Transformative Learning Process

Wahyuni

Chariri

2019

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This study is intended to describe and critically analysis how transformative learning experienced by accounting students make them more aware on the importance of understanding accounting from social context. As other qualitative research this study, this study was naturally conducted in social setting by using accounting students taking Intermediate Accounting course as informants. All data were based on textual materials generated from the course and its syllabus, fieldnotes and the result of examination. All data were then analyzed critically to obtain the evidence of how transformative learning change students’ paradigm in seeing accounting issues. Our findings show that the implementation of transformative learning have able to change the students’ paradigm and help them solve social problems in their community. This implies that accounting education is not only concerned with conceptual aspects but also concerned with the contextual contents that are rooted in their communities. In other words, when we learn accounting issues in our community, we socially construct our own reality.

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Section: Participatory Learning Methodsmentioning

confidence: 99%

Building Critical Awareness of Accounting Students: A Transformative Learning Process

Wahyuni

Chariri

2019

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“…(2011) opine that the internal control framework on information and communication ensures that reliable and relevant information is communicated throughout the entire organisation. In another instance, Savage, Norman and Lancaster (2008) highlight the importance of using the COSO's internal control framework to support information and communication activities citing that they ensure that complete information is dispersed to organisational managers for effective decision making. Some studies significantly consider the benefits of the COSO's internal control framework citing that it ensures the timely communication of information.…”

Section: Impact Of Information and Communication On Organisational Pe...mentioning

confidence: 99%

The (COSO) Framework: Implications of Internal Control Components on the Performance Manufacturing Companies

2023

QZJ

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The study examines the implications of internal control components on risk assessment using the Committee of Sponsoring Organizations (COSO) framework on manufacturing companies in Erbil, Kurdistan. A multivariate analysis was applied on 250 responses in modelling the individual effects of internal control components (control environment, risk assessment, control activities, information and communication, and monitoring) on risk assessment. The results of the study indicated that the integrated internal control environment, risk assessment, control activities and monitoring components have significant positive effects on organisational performance compared to information and communications. The present study advances the literature on internal control as corporate governance and performance-enhancing tool. Additionally, it also advances internal control's conceptual framework on organisational performance. Lastly, the results of this study advance construct and item development involving internal control components and organisational performance while testing relationships to uncover the significance of their implications in enhancing organisational performance.

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“…The primary ethical issues discussed were the failure of the accountant to act objectively and with integrity because he permitted the production manager to undertake an action that potentially violated an agreement and did not act to correct the matter when problems in the production process arose. Savage et al (2008) showed the British movie the Rogue Trader that depicts internal control problems Barings Bank that led to a massive fraud in 1995. The result was the collapse of the London bank because of unauthorized trading in futures contracts in the Singapore office of the bank by rogue employee, Nick Leeson.…”

Section: Literature Reviewmentioning

confidence: 99%

Using Video-Based Instruction To Integrate Ethics Into The Curriculum

Sedaghat¹,

Mintz²,

Wright³

2011

AJBE

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This paper describes a video case discussion project based on the IMAs Statement of Ethical Professional Practice that was administered in a cost accounting class to assess the extent to which students were able to identify and discuss ethical issues raised by the facts of a case scenario. The case was developed by the IMA to advance the continuing education in ethics of financial executives and management accountants. The scenario realistically portrays the kind of pressures faced by management accountants to go along with top management decisions that are driven by self-interest rather than proper accounting. We use a highly structured approach for direct assessment of student learning with pre-established rubrics. Indirect assessment of learning is approximated by a survey of students subjective reactions. In general, we conclude IMAs video Success without Compromise provides an opportunity for students to apply ethics standards in a realistic setting and encourages students to become active participants in the learning experience.

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Using a Movie to Study the COSO Internal Control Framework: An Instructional Case

Cited by 18 publications

References 9 publications

Building Critical Awareness of Accounting Students: A Transformative Learning Process

Building Critical Awareness of Accounting Students: A Transformative Learning Process

The (COSO) Framework: Implications of Internal Control Components on the Performance Manufacturing Companies

Using Video-Based Instruction To Integrate Ethics Into The Curriculum

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