Internal Controls Maturity and SME Corporate Governance
DOI:
https://doi.org/10.33516/maj.v55i10.86-89pKeywords:
No Keywords.Abstract
Good Corporate governance is a key factor in ensuring sound financial reporting and deterring misappropriations of capital and resources. Internal control and corporate governance go hand in hand. Many SME have an ambitious goal of reaching a reliable, continuous and integrated internal control state. However, many SME’s are still grappling to build a comprehensive control process. In this paper, we present an internal maturity framework that SME can use to benchmark and know how they can discourage frauds, improve compliance and adoption of standards.Downloads
Downloads
Published
How to Cite
Issue
Section
References
Committee of Sponsoring Organizations of the Treadway Commission (COSO), 2017, Enterprise Risk Management Integrating with Strategy and Performance.
OmalayeKE, O. and Jacob RB, J., 2018. The Role of Internal Auditing In Enhancing Good Corporate Governance Practice in an Organization. International Journal of Accounting Research, 06(01), 1-8.
Soh, D. and Martinov-Bennie, N., 2011. The internal audit function. Managerial Auditing Journal, 26(7), 605-622.
The Institute of Cost and Works Accountants of India (ICWAI), 2009. Guidance note on Internal Audit.
The Institute of Chartered Accountants of India (ICAI), 2018, Study on Compliance of Financial Reporting Requirements, Volume III.
The Institute of Internal Auditors (IIA) Research Foundation, 2015, Combined Assurance: One Language, One Voice, One View.