Važnost sustava internih kontrola poduzeća za učinkovito upravljanje rizicima prijevara

master's thesis

• Title (english): The importance of companies’ systems of internal controls for effective fraud risk management
• Author: Julia Schwaiberger
• Mentor: Petra Halar (mentor)
• Committee member: Petra Halar (predsjednik povjerenstva)
• Committee member: Boris Tušek (član povjerenstva)
• Committee member: Ivana Barišić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Accounting); Zagreb
• Defense date and country: 2024-09-24, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Accounting

Abstract

Održavanje uspješnosti poduzeća u dinamičnom i kompleksnom eksternom okruženju zahtijeva stalnu interakciju s okolinom koja je obilježena brzim promjenama i visokim stupnjem nepredvidljivosti. U takvom okruženju, poduzeća su izložena različitim rizicima, uključujući rizike prijevara. Upravljanje rizicima stoga postaje ključni čimbenik za osiguranje održivog i uspješnog poslovanja poduzeća. Predmet ovog diplomskog rada odnosi se na prikazivanje važnosti dobro utemeljenih sustava internih kontrola poduzeća koji predstavljaju instrumente upravljanja rizicima općenito, kao i rizicima prijevara. Naime, sustav internih kontrola prepoznat je kao jedan od najvažnijih instrumenata za učinkovito upravljanje rizicima prijevara unutar poduzeća. COSO okvir sustava internih kontrola pruža detaljne smjernice za uspostavu učinkovitih sustava internih kontrola koje pomažu u identifikaciji, procjeni i upravljanju rizicima, uključujući i rizike prijevara. COSO okvir sustava internih kontrola sastoji se od pet ključnih komponenti i 17 načela, koje je potrebno implementirati te integrirano primjenjivati kako bi sustav internih kontrola postigao svoju punu učinkovitost. Pet komponenti sustava internih kontrola uključuju kontrolno okruženje, procjenu rizika, kontrolne aktivnosti, informacije i komunikaciju te aktivnosti monitoringa. Kontrolno okruženje predstavlja temelj za implementaciju svih ostalih komponenti sustava internih kontrola i, kao takvo, najvažniji je element za osiguranje učinkovitosti cijelog sustava internih kontrola. Uz COSO okvir sustava internih kontrola, COSO okvir upravljanja rizicima poduzeća naglašava važnost razmatranja rizika u procesu izrade strategije te njezine implementacije. Dodatno, Model tri linije globalnog Instituta internih revizora nudi jasan pregled odgovornosti svih ključnih interesno-utjecajnih skupina u poduzeću kada je riječ o upravljanju rizicima i kontrolama. Posebnu važnost u ovom diplomskom radu imaju slučajevi velikih poslovnih prijevara, poput onih u poduzećima Enron, WorldCom i Societe Generale banci, koji su se dogodili početkom 2000-ih godina. Ovi slučajevi ilustriraju važnost upravljanja rizicima i učinkovitog sustava internih kontrola u sprječavanju i pravovremenom otklanjanju poslovnih prijevara.

Abstract (english)

Maintaining a company’s success in a dynamic and complex external environment requires continuous interaction with its surroundings that are characterized by rapid changes and a high degree of unpredictability. In such an environment, companies are exposed to various types of risks, including the fraud risk. Risk management, therefore, becomes a key factor in ensuring sustainable and successful company’s operations. The subject of this final thesis focuses on highlighting the importance of well-established systems of internal controls in companies, which serve as instruments for risk management in general, as well as for fraud risks. The system of internal controls is recognized as one of the most important instruments for effective fraud risk management within the company. The COSO internal control framework provides detailed guidelines for establishing effective systems of internal controls that assist in the identification, assessment, and risk management, including fraud risks. The COSO internal control framework consists of five key components and 17 principles, which must be implemented and integrated to ensure the full effectiveness of the system of internal controls. The five components of the system of internal controls include control environment, risk assessment, control activities, information and communication, and monitoring activities. The control environment forms the foundation for the implementation of all other components of the system of internal controls and is the most important element for ensuring the effectiveness of the entire system of internal controls. In addition to the COSO internal control framework, the COSO enterprise risk management framework emphasizes the importance of considering risks during the strategy development process and its implementation. Furthermore, the IIA’s Three Lines Model offers a clear overview of the responsibilities of all key stakeholders within a company regarding risk management and controls. Particularly important in this final thesis are cases of major corporate frauds, such as those in companies Enron, WorldCom, and Societe Generale bank, which occurred in the early 2000s. These cases illustrate the importance of risk management and an effective system of internal controls in the timely prevention and elimination of corporate fraud.

• Keywords: upravljanje rizicima; sustavi internih kontrola; kontrolno okruženje; rizik prijevare; upravljanje rizicima prijevare
• Keywords (english): risk management; systems of internal controls; control environment; fraud risk; fraud risk management
• Language: croatian
• URN:NBN: urn:nbn:hr:148:075606
• Study programme: Title: Business economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: sveučilišni magistar ekonomije/sveučilišna magistra ekonomije (sveučilišni magistar ekonomije/sveučilišna magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2024-09-26 11:46:15