Warianty tytułu
Języki publikacji
Abstrakty
Asset misappropriation is a kind of fraud that may cause severe damages to the businesses. The internal control system is expected to provide a reasonable assurance for the management of the businesses in preventing and detecting frauds, including asset misappropriation. The study is conducted to examine the effect of internal control system on asset misappropriation in Vietnamese firms. Based on questionnaires collected from internal auditors, accountants and department managers in Vietnamese firms, the study assess the impact of COSO five internal control components on the popularity of asset misappropriation in the firms. The results show that of the five components, control environment presents the strongest impact, followed by control activities, information and communication in respective order. Determinants with the mildest impact are risk assessment and monitoring of control. Based on the findings, it is important that the management of the firms improve the internal controls to effectively reduce the chance of fraud in their firms. (original abstract)
Czasopismo
Rocznik
Numer
Strony
941--953
Opis fizyczny
Twórcy
autor
- National Economics University, Vietnam
autor
- Banking Academy, Vietnam
Bibliografia
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- Coram, P., Ferguson, C., & Moroney, R. (2008). Internal audit, alternative internal audit structures and the level of misappropriation of assets fraud. Accounting and Finance, 48, 543-559.
- COSO. (2013). Internal control - Integrated framework. Executive summary. Retrieved August 18, 2018, from COSO website: https://www.coso.org/Documents/990025P-Executive-Summary-final-may20.pdf
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- IAASB. (2009). International standard on auditing 315: Identifying and assessing the risk of material misstatement through understanding the entity and its environment. Retrieved August 18, 2018, from IFAC website: http://www.ifac.org/system/files/downloads/a017-2010-iaasb-handbook-isa-315.pdf
- Jokipii, A. (2010). Determinants and consequences of internal control in firms: a contigency theory based analysis. Journal of Management and Governance, 14(2), 115-144.
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- Le, H. (2015). Measures to improve the quality of financial statement audits of commercial banks in Vietnam. Ministry-level research project, Banking Academy.
- Naruedomkul, W., Rodwanna, P. (2010). Organization frauds in Thailand: a survey on risk factors. International Journal of Criminal Justice Sciences, 5(1), 203-219.
- Nguyen, T. T. (2017). The relationship between internal control, fraud risk and audit planning in financial statement audits. PhD thesis, National economics university, Hanoi, Vietnam.
- Salehi, M., Shiri, M., & Ehsanpour, F. (2013). Effectiveness of internal control in the banking sector: Evidence from Bank Mellat - Iran. The IUP Journal of Bank Management, XII(1), 23-34.
- Sawalqa, F. A., & Qtish, A. (2012). Internal control and audit program effectiveness : Empirical evidence from Jordan. International Business Research, 9, 128-137.
- Schneider, A., Gramling, A., Hermanson, D. R., & Ye, Z. (2009). A revies of academic literature on internal control reporting under SOX. Journal of Accounting Literature, 28, 1-46.
- Ta, T. T. (2017). Fraud audit in financial statemetn audit of non-financial listed companies in Vietnam stock market. PhD thesis, National economics university, Hanoi, Vietnam.
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171529552