The effect of applying COSO-ERM model on reducing fraudulent financial reporting of commercial banks in Jordan
This study aims to test the effect of applying the model of the Committee Sponsoring Organizations for enterprise risk management (COSO-ERM) on reducing fraudulent financial reporting in commercial banks operating in Jordan. Furthermore, the study identifies the role of each board of directors, audi...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
LLC "CPC "Business Perspectives"
2018-06-01
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| Series: | Banks and Bank Systems |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10557/BBS_2018_02_Rahman.pdf |
| _version_ | 1811217171863306240 |
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| author | Abdul Aziz A. Abdul Rahman Othman Hel Ajmi Al-Dhaimesh |
| author_facet | Abdul Aziz A. Abdul Rahman Othman Hel Ajmi Al-Dhaimesh |
| author_sort | Abdul Aziz A. Abdul Rahman |
| collection | DOAJ |
| description | This study aims to test the effect of applying the model of the Committee Sponsoring Organizations for enterprise risk management (COSO-ERM) on reducing fraudulent financial reporting in commercial banks operating in Jordan. Furthermore, the study identifies the role of each board of directors, audit committee, executive management, human resource management, and internal audit as one of the corporate governance mechanisms in enhancing the effectiveness of internal control systems. The study revealed an impact of applying the Committee of Sponsoring Organizations model for enterprise risk management (COSO-ERM) on preventing fraudulent financial reporting, where it reached influence around 77.8% on the dependent variable (fraudulent financial reporting). The study also found that each of internal control, event identification, risk assessment and response, and control activities variables affects dependent variable (fraudulent financial reporting) in commercial banks operating in Jordan. |
| first_indexed | 2024-04-12T06:49:27Z |
| format | Article |
| id | doaj.art-bcc3bd85cd8a4186b5142e0bacd78115 |
| institution | Directory Open Access Journal |
| issn | 1816-7403 1991-7074 |
| language | English |
| last_indexed | 2024-04-12T06:49:27Z |
| publishDate | 2018-06-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Banks and Bank Systems |
| spelling | doaj.art-bcc3bd85cd8a4186b5142e0bacd781152022-12-22T03:43:24ZengLLC "CPC "Business Perspectives"Banks and Bank Systems1816-74031991-70742018-06-0113210711510.21511/bbs.13(2).2018.0910557The effect of applying COSO-ERM model on reducing fraudulent financial reporting of commercial banks in JordanAbdul Aziz A. Abdul Rahman0Othman Hel Ajmi Al-Dhaimesh1Dr., Assistant Professor, Department of Finance and Accounting, College of Business Administration, Kingdom UniversityDr., Assistant Professor, Department of Finance and Accounting, College of Business Administration, Kingdom UniversityThis study aims to test the effect of applying the model of the Committee Sponsoring Organizations for enterprise risk management (COSO-ERM) on reducing fraudulent financial reporting in commercial banks operating in Jordan. Furthermore, the study identifies the role of each board of directors, audit committee, executive management, human resource management, and internal audit as one of the corporate governance mechanisms in enhancing the effectiveness of internal control systems. The study revealed an impact of applying the Committee of Sponsoring Organizations model for enterprise risk management (COSO-ERM) on preventing fraudulent financial reporting, where it reached influence around 77.8% on the dependent variable (fraudulent financial reporting). The study also found that each of internal control, event identification, risk assessment and response, and control activities variables affects dependent variable (fraudulent financial reporting) in commercial banks operating in Jordan.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10557/BBS_2018_02_Rahman.pdfCommittee of Sponsoring Organization (COSO-ERM)fraudulent financial reportinginternal control system |
| spellingShingle | Abdul Aziz A. Abdul Rahman Othman Hel Ajmi Al-Dhaimesh The effect of applying COSO-ERM model on reducing fraudulent financial reporting of commercial banks in Jordan Banks and Bank Systems Committee of Sponsoring Organization (COSO-ERM) fraudulent financial reporting internal control system |
| title | The effect of applying COSO-ERM model on reducing fraudulent financial reporting of commercial banks in Jordan |
| title_full | The effect of applying COSO-ERM model on reducing fraudulent financial reporting of commercial banks in Jordan |
| title_fullStr | The effect of applying COSO-ERM model on reducing fraudulent financial reporting of commercial banks in Jordan |
| title_full_unstemmed | The effect of applying COSO-ERM model on reducing fraudulent financial reporting of commercial banks in Jordan |
| title_short | The effect of applying COSO-ERM model on reducing fraudulent financial reporting of commercial banks in Jordan |
| title_sort | effect of applying coso erm model on reducing fraudulent financial reporting of commercial banks in jordan |
| topic | Committee of Sponsoring Organization (COSO-ERM) fraudulent financial reporting internal control system |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10557/BBS_2018_02_Rahman.pdf |
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