策略控制活动监督和效能外文翻译.docx

策略控制活动监督和效能外文翻译.docx

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策略控制活动监督和效能外文翻译

外文翻译

Strategy,controlactivities,monitoringandeffectiveness

MaterialSource:

ManagarialAuditingJournalAuthor:

AdebayoAgbejule

Abstract

Purpose –First,thispaperaimstoprovideempiricalevidenceoftheinteractionbetweenthecomponentsofaninternalcontrolsystem.Second,itseekstointegrateworkfromthefieldofstrategyandthatontheinternalcontrolsystemfromthefieldofauditing.Design/methodology/approach –Datawerecollectedthroughanonlinequestionnaireandanalyzedusingmultipleregressionanalysis,i.e.athree-wayinteractionmodel.Theresultwasausablesampleoftheopinionsof741managersworkinginFinland.

Keyword（s）:

 Internalcontrol;Managementeffectiveness;Managementstrategy;Auditing;Finland.

Introduction

Inrecentyears,therehasbeengrowinginterestintheroleinternalcontrolelementsplayintheeffectivenessofacompany.Inresponse,theCommitteeofSponsoringOrganizationsoftheTreadwayCommission（COSO）developedabroadintegratedframeworkofinternalcontroltoprovideguidelinesforcreating,adaptingandmonitoringsystemsofcontrol.Internalcontrolframeworksarechosentoexplaininternalcontrol:

throughthem,importantelementsofcontrolanditsrelationshipscanbeunderstood.Thesecommonlyknownframeworks（e.g.COSO,CoCo,BasleFramework,theCombinedCodeandTheTurnbullGuidance）includedefinitionsofinternalcontrolandpresentitscomponents.Forexample, Fadzil etal. （2005） statethattheprimaryobjectivesofanorganization'ssystemofinternalcontrolaretoprovideadministrativemanagementwithreasonableassurancesthatfinancialinformationisaccurateandreliable:

thattheorganizationcomplieswithpolicies,plans,procedures,laws,regulationsandcontracts;assetsaresafeguardedagainstlossandtheft;resourcesareusedeconomicallyandefficiently;andestablishedobjectivesandgoalsforoperationsorprogramscanbemet.ThefollowingthreeinternalcontrolobjectivescanbefoundintheCOSOframework:

1.effectivenessandefficiencyofactivities;

2.reliabilityoffinancialinformation;and

3.compliancewithapplicablelawsandregulations.

Whenthesethreeobjectivesareproperlyachieved,internalcontrolshouldbedeemedeffective.Inthisstudy,internalcontroleffectivenessisdefinedonthebasisofhowwellthesethreeobjectivesareachievedintheorganizationsstudied.

TheinternalcontrolregulationsofSarbanesOxleyActof2002（SOX）arefoundinsections302and404.Section302requiresthatcompaniesreportanychangestotheirinternalcontrolthroughtheirannualreports.Section404requiresthefirmtoincludeanassessmentoftheinternalcontroloverfinancialreportingandtheauditor'sattestationoftheassessmentintheannualreport（Bédard,2006）.Inaddition,theUSSecuritiesandExchangeCommission（SEC）requiresmanagementandexternalauditorstouseaninternalcontrolframeworkthatmeetsitscriteria.TheSEChasstatedthatCOSOsatisfiesSECcriteriaand“maybeusedasanevaluationframeworkforpurposesofmanagement'sannualinternalcontrolevaluationanddisclosurerequirements”bycompanieslistedontheUSstockexchanges（GuptaandThomson,2006）.Thefivecomponentsofthe COSO,1994 frameworkarecontrolenvironment,riskassessment,controlactivities,informationandcommunication,andmonitoring.COSOsuggeststhatthecomponentsareinterrelated,butitofferslittleguidanceonhowthesecomponentsinteract.Priorresearchinthefieldofcontrolframeworksfocusesonexaminingparticularcontrolelements,suchasthecontrolenvironment（D'Aquila,1998）,communication（Hooks etal.,1994）orriskassessment（Mills,1997）.Although StringerandCarey（2002） and Jokipii（2006） examinedallfivecomponents,theydidnotprovideinformationonhowthecomponentsoftheinternalcontrolsystemmayinteractwitheachother.Weextendexistingresearchbyexamininghowtherelationshipbetweenafirm'sstrategicorientationandeffectivenessismoderatedbytwocomponentsoftheinternalcontrolsystem（internalcontrolactivitiesandmonitoring）.Ourapproachisconsistentwithcontingencytheorythatsuggeststhattheimpactofstrategyonperformanceisinfluencedbytheattributesofstructuralarrangementssuchasthecomponentsofcontrol（BisbeandOtley,2004）.Thosecomponents[1]areapartofthefirm'sinternalenvironment,andthereforeplayavitalroleininternalcontrolandmaybeexpectedtobepertinentforfirmsintendingtoimprovetheireffectiveness.

Thepurposeofthispaperistoexaminehowthemoderatingeffectsofinternalcontrolactivitiesandmonitoringdeterminetherelationshipbetweenthestrategyofafirmandtheeffectivenessofinternalcontrol.

Strategicorientation,controlactivities,monitoringandeffectiveness

Thebasicpremisefoundincontingencytheoryisthataproperf