An analytical investigation for establishing the components of internal control structure in Islamic azad universities

Subject Areas : Business Management

Poya Safari ¹ (Instructor and faculty member, Marand unit, Islamic Azad University, Damavand, Iran)
Sama Ayazi ² (Coach and member of the Islamic Azad University of Ali Abad Katoul Branch)
Hosein Karbasiyazdi ³ (Assistant Professor, Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran)

Received: 2015-12-28 Accepted : 2015-12-28 Published : 2008-11-21

Keywords: establishment, Intenal control system, Standard criteria, Component of the internal control structure,

Abstract :

The study deals with the investigation for establishing the components of internal control structure in Islamic azad universities.In this regard five main hypotheses and four minor ones were studied.The statistical population included financial managers, chief accountants, specialists, auditors,and auditory personnels,in 174 islamic azad universities throughout the country.A standard questionnaire on likert scale with five alternatives were used.In order to test the hypotheses T test was used. The results showed that the controlled environment and activities, supervision, ethical values and honesty, personnels, competence and the role of board of education indices in Islamic azad universities were in accordance with the standard measures, but risk assessment, information and communication, delegation of authority and assigning responsibility indices were not in accordance with the standard measures.

References:

References

Basle Committee on Banking Supervision. (1998). Framework for Internal Control Systems in Banking Organizations. European Financial Management, 15(4), 221-248.

Beiner, S. (2006). An Integrated Framework of Corporate Governance and Firm Valuation. European Financial Management, 12(2), 249-283.

Biswanger, H. (1981). Attitudes toward risk: theoretical implications of an experiment in rural India. Economic Journal. 867-890.

Brewer, D. (2002). Measuring the effectiveness of an internal system control" European Financial Management, 14(4), 633-662.

Burgstahler, D., & Dichev, I. (1997).  Earnings management to avoid earnings decreases and losses. Journal of Accounting and Economics, 99-126.

Degeorge, F., Patel, J., & Zeckhauser, R. J. (1997). Earnings management to exceed thresholds. Journal of Business, 407-442.

Duncan, J. (1999). Internal control systems in US churches: An examination of the effects of church size and denomination on systems of internal control. Accounting, Auditing & Accountability Journal, 21(2) , 142-164.

Gemmill, G. (2004). The Impact of Corporate Governance on Closed-End Funds. European Financial Management.
 12(5), 725-746

Gneezy, U., & Potters, J. (1997). An experiment on risk taking and evaluating periods. Quarterly Journal of Economics, 631-646.

Jandik, T. (2003). The Evolution of Corporate Governance and Firm Performance in Transition Economies. "18(4), 747-791.

Keasey, K. (2006) Corporate Governance and Information Efficiency in Security Markets. European Financial Management, 12(5), 763-787.