• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.375-380
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• 2021

Internal control is important for monitoring operations of organizations. In order to achieve the quality of internal control, organizations need to recognize different perspectives in which the components of internal control play a decisive role. Internal control is a process designed by the manager and it is applied within the organization to provide reasonable assurance of the reliability of financial information and to comply with policies, procedures, rules, regulations and laws. The article uses the ordinary least squares method and the seven-point Likert scale to test the variables affecting the quality of internal control in 18 Vietnamese listed banks. The article surveyed 179 leaders of listed banks. The results show that there are three variables out of a total of five variables that positively affect the quality of internal control, including the control environment, control activities, and monitoring. Accordingly, the managers of Vietnamese listed banks need to pay attention to building a corporate culture environment, improve the quality of control activities, and periodically and regularly conduct the monitoring. It contributes to improving the quality of internal control and is also an opportunity to increase economic benefits for Vietnamese listed banks in the context of international economic integration.

• The Journal of Asian Finance, Economics and Business
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• 제8권10호
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• pp.353-359
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• 2021

The article analyzes the impact of internal control on the quality of accounting information in Vietnamese paper manufacturing enterprises, providing empirical evidence on factors affecting the quality of accounting information. To analyze the impact of internal control on the quality of accounting information, the researchers used questionnaires to conduct a survey of paper manufacturing companies. Research data is collected through emails and face-to-face interviews with managers, employees working in different positions, managers at all levels, chief accountants, and accountants, of 56 paper manufacturing enterprises in Vietnam. 321 questionnaires were distributed of which only 296 were valid and could be used in this study. Quantitative research was carried out with SPSS 25 software. Research results show that 3 factors have a positive influence on the quality of accounting information including control environment, accounting information system, and internal control procedures in Vietnamese paper manufacturing enterprises. Based on the findings, the author has made recommendations on the control environment, accounting information system, and internal control procedures in order to improve the effectiveness of internal control and the quality of accounting information of paper production enterprises, thereby contributing to improved competitiveness and operational efficiency.

• 아태비즈니스연구
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• 제14권4호
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• pp.255-273
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• 2023

Purpose - This study examines whether internal control has an effect on stock price informativeness about future earnings. High quality internal control provides continuous assurance for the quality of financial reports, and these future earnings-related information is accurately reflected in the current stock price. Design/methodology/approach - This study collected 12,862 data from 2006 to 2021 in China to make an empirical analysis using the future earnings response coefficient (FERC) and the multiple regression analysis were hired in order to analyze the data. Findings - We find that internal control strengthens the association between current returns and future earnings, indicating that more information about future earnings is reflected in current stock prices. This positive effect exists in both the main board market and the growth enterprise market of China's stock market, especially in the main board market after the implementation of the internal control policy. In addition, we find that the positive effect is weaker for firms that report internal control deficiencies or receives non unqualified internal control audit opinions. The results using earnings persistence yield similar findings, further supporting the results based on the FERC model. Research Implications or Originality - Our tests provide strong evidence that the quality of internal control affects FERC in China stock market.

• International Journal of Advanced Culture Technology
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• 제12권1호
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• pp.293-298
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• 2024

The purpose of an internal control system is to prevent the occurrence of errors and fraud in the process of producing accounting information, thereby providing investors with reliable information. For the effective operation of an internal control system, it is necessary to secure a sufficient number of personnel and experienced staff. This study focuses on the personnel directly involved in producing accounting information, examining whether companies that invest in their internal control staff experience a mitigation in the phenomenon of valuation errors. The analysis revealed that the size and experience months of the personnel responsible for internal control have a significant negative relationship with valuation errors. This result implies that by securing sufficient personnel for the smooth operation of the internal control system and placing experienced staff within the system, investors can effectively make judgments about the intrinsic value based on quality accounting information, thereby reducing valuation errors.

• 유통과학연구
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• 제18권9호
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• pp.5-11
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• 2020

Purpose: We sought to investigate the operation status of internal accounting control systems in the distribution and service industries and verify whether investing in internal accounting personnel significantly influences the quality of the companies' financial reporting. Research design, data and methodology: We identified descriptive statistics and performed a univariate analysis. Furthermore, a regression analysis verified the impact of investing in internal accounting personnel on the absolute value of discretionary accruals, a proxy for financial reporting quality. Results: Distribution and service companies allocated a significantly higher number of accountants to their internal accounting control systems than companies in other industries. We also confirmed that the absolute value of discretionary accruals significantly decreased as the average working experience of internal accounting personnel in distribution and service companies, in months, increased. Conclusions: In this study, we confirmed that distribution and service companies are devoting efforts to establishing internal accounting control systems and found that financial reporting quality is more effectively controlled as companies allocate more experienced personnel in their internal accounting control system.

• 디지털융복합연구
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• 제19권2호
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• pp.51-60
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• 2021

본 연구에서는 기업 내부통제의 중요성을 토대로 내부통제 품질과 이익조정과의 상관관계 분석을 바탕으로 내부통제 품질과 실제 이익 관리와 이익조정과의 상관관계를 분석하였다. 본 연구을 위해 내부통제 및 이익조정의 개념, 분류, 측정 방법 및 모델을 도입하여 본 논문의 연구가설을 제안하였다. 연구분석에서는 관련 측정 모델을 사용하여 기업의 실제 이익관리 수준과 이익조정 관리 수준을 설명 변수로 투입하여 회귀 모델을 설정하고 분석을 진행하였다. 연구결과, 실증 기업의 내부통제 품질, 실질적인 이익과 이익조정 간에는 통계적으로 유의미한 음의 상관관계가 있음을 확인하였으며, 실증 연구를 통해 최종 결과와 결론을 도출할 수 있었다. 이러한 연구결과는, 향후 내부통제 이론의 발전과 더불어 경영자의 이익조정 행동에 대한 관리 및 통제를 위한 기초적 가이드라인을 제공할 수 있을 것이다.

• 산경연구논집
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• 제11권12호
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• pp.39-45
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• 2020

Purpose: The stock price delay phenomenon refers to a phenomenon in which stock prices do not immediately reflect corporate information and the reflection is delayed. A prior study reported that the stock price delay phenomenon appears strongly when the quality of corporate information is low (Callen, Khan, & Lu, 2013). The purpose of the internal accounting control system is to improve the reliability of accounting information. Specifically, the more professionals such as certified public accountants are placed in the internal accounting control system, the more information is prevented from being distorted, so the occurrence of stock price delay will decrease. Research design, data and methodology: In this study, companies listed on the securities market from 2012 to 2016 were selected as a sample to analyze whether the stock price delay phenomenon is alleviated as accounting experts are assigned to the internal accounting control system. The internal control personnel data were collected in the "Internal Accounting Control System Operation Report" attached to the business report of each company of the Financial Supervisory Service's Electronic Disclosure System(DART). The measurement method of the stock price delay phenomenon was referred to the study of Hou and Moskowitz (2005). The final sample used in the study is 2,641 firm-years. Results: It was found that companies with certified accountants in the internal accounting control system alleviate the stock price delay phenomenon. This result can be interpreted as increasing the speed at which corporate information is reflected in the stock price by improving the reliability of information disclosed in the market by the placement of experts in the system. Conclusions: The results of this study suggest that accounting professionals assigned to the internal accounting control system are playing a positive role in providing high-quality information to the market. In this study, focusing on the fact that the speed at which corporate information is reflected in the stock price is very important for the stakeholders in the capital market, we find that having a certified public accountant in the internal accounting control system alleviates the stock price delay phenomenon.

• 핵의학기술
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• 제26권2호
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• pp.43-47
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• 2022

핵의학 검체검사는 검사 결과의 품질 보증을 위해 내부정도관리 시스템을 체계화하여 질 관리를 시행하고 있다. 본 연구는 검사실 자체적인 허용 범위의 설정 시 참고가 될 수 있도록 여러 기관의 종목별 내부정도관리 및 외부정도관리의 변동계수 평균을 산출하여 종목별 질 관리 현황을 제공함으로써 핵의학 검체검사 결과의 품질 보증에 기여하고 체계적인 질 관리를 수행하고자 한다. 2020년 10월에서 2021년 12월까지 각 기관에서 시행한 42종목에 대한 내부정도관리 변동계수의 평균 및 10.0% 이상 이탈률을 구하였다. CV% 성적에 따라 상위 그룹(5.0% 이하), 중위 그룹(5.0~10.0%), 하위 그룹(10.0% 이상)으로 구분하여 비교하였고, 10.0% 이상 이탈률은 5개 이상 기관의 종목에 대해서 종양 표지자, 갑상선 호르몬, 기타 호르몬으로 분류하여 비교하였다. 2021년 1분기에서 4분기까지 28종목에 대해 외부정도관리 결과의 전체 평균 및 표준편차로 변동계수의 평균을 구하였다. 또한 2021년 상반기, 하반기 13종목에 대해 기관 간 숙련도 결과의 전체 평균 및 표준편차로 변동계수의 평균을 구하였다. 종목별로 내부정도관리 및 외부정도관리의 변동계수 평균을 비교하여 질 관리가 잘 이루어지는 종목과 관리에 주의가 필요한 종목을 비교 분석하였다. 6개 기관의 42종목에 대해 내부정도관리 변동계수의 평균을 산출한 결과 상위 그룹에 속하는 종목(5.0% 이하)은 ferritin, HGH, SHBG, 25-OH-VitD이며, 하위 그룹(10.0% 이상)은 cortisol, ATA, AMA, renin, estradiol이었다. 5개 이상 기관의 종양 표지자 8종목에 대해 변동계수의 10.0% 이상 이탈률은 CA-125와 CA-19-9가 우수한 성적을 나타내었으나, SCC-Ag와 CA-15-3 검사는 관리에 주의가 필요한 종목에 속했다. 갑상선 호르몬 7종목에 대해 변동계수의 10.0% 이상 이탈률을 비교한 결과 free T4와 T3 검사는 우수하였지만 AMA와 ATA는 관리에 주의가 필요해 보였다. 기타 호르몬 11종목에 대해 변동계수의 10.0% 이상 이탈률을 비교하였을 때 IGF-1, FSH, prolactin은 우수한 성적을 나타내었지만, estradiol, testosterone, cortisol은 관리에 주의가 필요한 종목에 속했다. 28종목에 대해 외부정도관리를 참여하는 전체 기관에 대한 변동계수 평균을 산출한 결과 상위 그룹에 속하는 종목(10.0% 이하)은 HGH, SCC-Ag이었으며, 하위 그룹(30.0% 이상)은 ATA, estradiol, TSI, thyroglobulin이었다. 6개 기관의 42종목에 대해 평가한 결과 변동계수가 3.7~12.2%로 하위 그룹과 상위 그룹이 3.3배의 차이를 보였다. 변동계수의 값이 높은 cortisol, ATA, AMA, renin, estradiol 검사들은 정밀도를 향상시키기 위한 개선 활동들이 지속적으로 이루어져야 할 것이다. 또한 HBs-Ab를 제외한 41종목에 대해 내부정도관리 및 외부정도관리, 기관 간 숙련도 참여기관의 전체 CV% 평균을 산출하여 비교한 결과 ATA, AMA, renin, estradiol 검사는 높은 허용범위 설정을 권장한다. 설정된 허용범위를 기준으로 체계적인 질 관리를 수행한다면 핵의학 검체검사 결과의 정확도 및 신뢰도를 향상시킬 수 있을 것으로 사료된다.

• 한국간호교육학회지
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• 제14권1호
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• pp.117-126
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• 2008

Purpose: The aim of this study was to research caregiver trainees, and to understand the degree of subjective quality of life and internal and external locus control, and to examine the relationships between these variables. Method: The subjects of the research were 348 trainees at a Jeonju city caregiver training center. The subjective quality of life and the characteristics of locus control were used as measuring tools. The collected data was analyzed by the SAS 9.1 program. Result: The degree of subjective quality of life was significantly different according to the general characteristics of age (F=2.83, p=0.02), marital status (F=3.34, p=0.01), and willingness to work (F=3.94, p=0.05). The degree of internal locus control was significantly different according to the general characteristic of marital status (F=3.0 p=0.01). External locus control was significantly different according to the general characteristics of age (F=9.77, p=0.00), occupation (F=2.91, p=0.01), educational level (F=9.65, p=0.00), monthly income (F=3.81, p=0.00), educational institution (F=2.06, p=0.04), educational experience (F=4.15, p=0.00), and subjects willingness to work (t=8.71, p=0.00). A significant correlation was identified between the subjective quality of life and internal locus control (r=0.23, p=0.0001). Conclusion: A significant correlation was shown between subjective quality of life and internal locus control of the caregiver trainees.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.795-802
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• 2020

This study seeks to determine the effect of the application of accounting information system (AIS), internal control system, and human resource (HR) competency on the quality of local government financial statements (FS). This study uses agency theory and compliance theory. Agency theory is used to explain that there is a link between the society as the principal and the government as the agent. Compliance theory is a theory, which states that every agency is obliged to comply with regulations because the law-drafting authority has the right to dictate behavior. The population in this study were employees of the financial division of local government organizations in one of the districts in Central Java, Indonesia. The total samples in this study was 106 respondents. The data used are primary data taken from distributing questionnaires to respondents. The method of analysis used to test the hypothesis was multiple linear regression analysis. The results of hypothesis testing indicate that HR competency has an effect on the quality of FS; however, the application of AIS and internal control system has no effect on the quality of FS. The implication of this research underlines the importance of HR competency to improve the quality of local government FS.