The Eastasouth Management and Business
Vol. 2 No. 03 (2024): The Eastasouth Management and Business (ESMB)

Evaluation of the Effectiveness of Internal Control Systems in Reducing Accounting Fraud in Financial Sector Companies

Waromi, Juliana (Unknown)
Kambuaya, Maylen K. P. (Unknown)
Wonar, Klara (Unknown)

Article Info

Publish Date
20 May 2024

Abstract

This research aims to evaluate the effectiveness of internal control systems (ICS) in reducing accounting fraud in the financial sector companies. The literature review method is used to analyze various sources of information related to the research topic. Findings indicate that ICS plays a crucial role in safeguarding the integrity and reliability of financial information of companies. Factors such as management commitment, organizational culture, implementation consistency, and external factors influence the effectiveness of ICS. We recommend companies to enhance management commitment to ICS, strengthen a culture that prioritizes integrity, maintain consistency in ICS implementation, and take proactive steps in addressing challenges and leveraging opportunities.

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Journal Info
The Eastasouth Management and Business
Website

Abbrev

esmb

Publisher

Eastasouth Institute

Subject

Decision Sciences, Operations Research & Management

Description

ESMB - The Eastasouth Management and Business is a peer-reviewed journal and open access three times a year (March, July and November) published by Eastasouth Institute. ESMB aims to publish articles in the field of Strategic management, Operations management, Marketing and Sales, Supply chain and ...