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What is INTOSAI

Chapter 12
Global Trends, Practices, and Challenges in Contemporary Tourism and Hospitality Management
The 1992 INTOSAI guidelines for internal control standards were conceived as a living document reflecting the vision that standards should be promoted for the design, implementation, and evaluation of internal control. This vision involves a continuing effort to keep these guidelines up-to-date. The 17th INCOSAI recognized a strong need for updating the 1992 guidelines and agreed that the Committee on Sponsoring Organisations of the Treadway Commission’s (COSO) integrated framework for internal control should be relied upon. Subsequent outreach efforts resulted in additional recommendations that the guidelines address ethical values and provide more information on the general principles of control activities related to information processing. The revised guidelines take these recommendations into account and should facilitate the understanding of new concepts with respect to internal control.
Published in Chapter:
Assessment of the Internal Control System in the Accommodation Firm and Its Relation to Performance
Murat Erdoğan (Akdeniz University, Turkey)
Copyright: © 2019 |Pages: 22
DOI: 10.4018/978-1-5225-8494-0.ch012
Abstract
An effective internal control system will help achieve performance and profitability targets within the core objectives of the business, help to prevent the need for loss of resources, and ensure that financial reporting is realistic and reliable. The purpose of this chapter is to identify the components of the internal control system in the enterprise and to show whether these factors affect the firm performance. When the results of the study are evaluated in general, it has been determined that the elements of the internal control system of the companies have an effect on the firm performance. According to this, the control environment 1, the control environment 2, the risk evaluation, the control activities, the information and the communication, the monitoring variables are effective on the positive side and the control variables on the firm performance have positive effect on the firm performance of the operation bed capacity, the operation period, and the existence of the internal control unit.
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 11
Transparency in Latin American and Caribbean Supreme Auditing Institutions
International organization of public sector audit institutions. It issues pronouncements and guides of good practices for the realization of public audits.
Published in Chapter: Transparency in Latin American and Caribbean Supreme Auditing Institutions; From: Organizational Auditing and Assurance in the Digital Age
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