Internal Control System and Quality Audit Work

The Central Bank of Nigeria (CBN) reported that the backward development in the Nigeria banking sector is attributable to the weaknesses in the internal control systems and poor audit work of the banks. This has clearly pointed out the picture of how fraud has penetrated in the financial strength of Nigerian Banks. In a nut-shell, the damage which this menace, called fraud has done to the banks is innumerable and needs urgent attention. Therefore, the attempt to put an end to this economic degradation, gave rise to the topic of this research study the internal control system and quality audit work in the banking sector in Nigeria with Access Bank PLC as a case study. However, this study verifies the conception that an effective and efficient internal control system has a greater influence on the quality of audit work. Data captured for this study, were analyzed through descriptive and inferential statistical methods. The descriptive analysis involves the use of tabulation and percentages. While the inferential statistical method involved the use of the chi-square. This study reveals that internal control system has a great influence on the operations of the bank and consequently on their quality audit work. Base on the above point, it was recommended that a good internal control system should be employed by the management of every organization. Keywords: Internal control, fraud, audit quality, banking secto

Academic Audit and Quality Assurance in Higher Education

The role of higher education institutions is reflected in its learning outcomes. The learning outcomes contribute to develop quality professionals by enhancing competency in subject knowledge and intellectual capability, grooming professionalism and employability skills. Still further it contributes to emotional and social maturity, sound character, sharp business acumen, strong scientific temper and strategic thinking among the learners. This could be materialized only through imparting comprehensive, continually enhanced and global quality professional education supported by a sound quality management system. Quality policy contributes to institutionalizing the quality assurance processes. Commitment to providing quality teaching and learning through well designed and systematic curriculum delivery using multitude of learning experiences is at the core of this policy. A variety of quality assurance processes are institutionalized focusing around teacher quality, curriculum delivery and pedagogy, research and training, skill development of students, orientation programmes for overall personality development and broad range of activities which equip the students to face challenges and take up risks with courage. Academic Audit gives feed-back on its efficiency. The observations from the audit are utilised for institutional improvement

The EU Legal Audit Framework - The Case of Kosovo

Abstract: This paper will analyze the legal framework and the development of the audit according to the acquis and the role of the general auditor in preserving public money in Kosovo. Like any other country in Europe that claims EU membership, Kosovo should continue the process of harmonizing its legislation with EU directives that require the so-called "hard" transposition of the acquis. One of the major segments of EU membership is the development of a system of internal financial control in the public sector. This paper will address the issue of Audit in the development phases, which has passed since 1800 to date, modern times. It is evident the role of the general auditor in ensuring the credibility of the financial system and in promoting the independence of the auditor, in the functional, financial and operative aspect, which always consists of a dynamic and never static process. The purpose of this paper is to review the regulations - EU directives through normative and comparative methods, in particular the provisions that foresee protection of the public interest and ensure the quality of the audit in the EU. Therefore, in this paper, the crucial audit role is concluded in the qualified examining of financial accountability in managing public finances in general

THE UTILIZATION OF INFORMATION AND COMMUNICATION TECHNOLOGY TO SUPPORT LEARNING-BASED PROCESS OF PDCA QUALITY ISO 9001: 2008 IWA2

Education Institution is the service provider institution, therefore the customers who get involved demanding the guarantee fulfill their needs suit to the promise have given by the company consistently and continuously. ISO 9001:2008 berbasis IWA2 : 2007 is one of the tool to achieve the goal of quality education through the documentation with the appropriate corresponding field of interpretation services as well as its application. The item have to be provided in the learning process is the curriculum, GBPP, sylabus, and also SAP/RPP which become the technical guidance for the interaction between the students and their lecturer. The dynamics of the learning process is very dynamic, development of science, technology, communication and information, have became the other elements who can affects those process, therefore the documentation as foundation of the audit process can be a delimiter of those dynamic process on the pretext in order not to violate the commitments already pledged. The development of the technology communication and information also the database system can be used to build the integrated system among the students (customer), the lecturer (service provider) and also the top management (verificator). Each of them will do their rules to do PDCA action and the system which has been build automatically will run to decide whether the process has been done according to the existing documentation

Leadership Based on the Internal Quality Assurance System in the Christian University of Indonesia

This study aims to determine the readiness of faculty and postgraduate program and to find a leadership model to implement the internal quality assurance (IQA) system consistently and sustainably. The method of the research was qualitative and quantitative approach. The data were obtained through interview result, internal quality audit result and questionnaire, and the sample was 168 permanent lecturers. The data analysis is done by organizing, synthesizing the data, and making conclusions. The findings of this research are as follows: Faculty and postgraduate program (1) have set 31 standard of quality, (2) have implemented 31 quality standard but still less understood, (3) have already done the audit and respond positively to internal quality audit activities, (4) audit results have been submitted to the rector of the university, (5) some leaders accept but some are resistant to the development of standards to 62 quality standards in faculty level. Furthermore, from the data found that the leadership style which supports the implementation of IQA system is the implementation of the task, so it can be concluded that the leadership style of the implementation tasks is recommended in the implementation of IQA system in universities

Leadership Based on the Internal Quality Assurance System in the Christian University of Indonesia

This study aims to determine the readiness of faculty and postgraduate program and to find a leadership model to implement the internal quality assurance (IQA) system consistently and sustainably. The method of the research was qualitative and quantitative approach. The data were obtained through interview result, internal quality audit result and questionnaire, and the sample was 168 permanent lecturers. The data analysis is done by organizing, synthesizing the data, and making conclusions. The findings of this research are as follows: Faculty and postgraduate program (1) have set 31 standard of quality, (2) have implemented 31 quality standard but still less understood, (3) have already done the audit and respond positively to internal quality audit activities, (4) audit results have been submitted to the rector of the university, (5) some leaders accept but some are resistant to the development of standards to 62 quality standards in faculty level. Furthermore, from the data found that the leadership style which supports the implementation of IQA system is the implementation of the task, so it can be concluded that the leadership style of the implementation tasks is recommended in the implementation of IQA system in universities

Similarities and Differences Between Internal Auditing, Internal Public Auditing and Other Services

The internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes, making propositions in order to consolidate the efficiency. The financial auditing represents the activity of professional examination of the information in the purpose of expressing a responsible and independent opinion, in relation to a standard, quality criteria aiming at improving the use of information. The Internal public auditing helps the public entity to fulfill its goals through a systematic and methodic approach, evaluating and improving the efficiency of the management system based on risk, control and administration processes management. The control represents a permanent or periodical analysis of the activity, of the situation in order to follow its development and in order to take improvement measures.internal auditing, internal public auditing, external audit, internal control.

Development of A Knowledge•Based Compliance Auditing System for Environmental Impact Assessment (EIA) Projects in Malaysia

Environmental Management Program (EMP) constitute an important component of the Environmental Impact Assessment (EIA) report of the development projects where the environmental monitoring programs and the environmental compliance auditing (ECA) aspects should be described in detail. ECA requires systematic selection of monitoring variables and analysis of the monitoring database and also requires that a uniform quality standard in auditing be maintained for different types of development projects and different stages of their development. ECA should produce an audit report that is easy to understand and could be used under taking mitigation measures. Presently, in Malaysia, for the EIA projects, there is neither any specific guideline for conducting compliance auditing nor any systematic management of the data generated through monitoring of the projects. The main objective of this study is to develop a knowledge-based environmental compliance auditing system (called ECA-KB) that uses expert's knowledge from different environmental fields and a quantitative technique of evaluating the environmental compliance level of a particular project. ECA-KB comprises of three components namely monitoring database system, compliance auditing model, and knowledge base system. These three component systems have been integrated together to produce concise and comprehensive environmental compliance audit report for the EIA projects. The study provides a tool for the decision-makers and the stakeholders namely the project proponents, environmental consultants, and Department of Environment (DOE) to monitor, evaluate environmental compliance level of the projects, generate compliance audit report, and to keep track on the compliance trend. The great potentiality of the developed ECA-KB is that it is produced in easy interactive and simplified manner that can be run as desktop applications by both the experts and the non-expert users. The system is available in install able CD's and can be reached to the potential users by several ways including distribution of CD's through market channel, demonstration in the seminars, and symposium