Vol 1 No 1 (2017): The Effectiveness of COSO Framework to Evaluate Internal Control System: The Case of Kurdistan Companies

The Effectiveness of COSO Framework to Evaluate Internal Control System: The Case of Kurdistan Companies

 

Thabit H. Thabit
Dept. of Control and Internal Audit, Ninevah University / Mosul - Iraq
thabit.acc@gmail.com
Alan Solaimanzadah
Dept. of Accounting, Cihan University-Erbil
alan.s1982@gamil.com
Muath T. Al-abood
Dept. of Accounting, Cihan University-Erbil
Accountant_taee@yahoo.com

 

ABSTRACT

The paper aims to evaluate the quality of internal control system in Kurdistan, using COSO framework. Since 2013, COSO framework has been prominent assessing, implementing, and evaluating the effectiveness of internal control. Therefore, there is a lack of COSO framework researches in Kurdistan. In this paper, the researchers address the level of deviation of internal control system in Kurdistan companies from COSO framework we evaluated this deviation by
applying Lean Diagnoses Tool (LDT). We found that there is a gap between internal control system in Kurdistan companies and the requirements under COSO framework. COSO framework can be applied in Kurdistan companies if they enhance their internal control system according to international internal control standards.

Published: 2017-11-21

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CIHAN INTERNATIONAL JOURNAL OF SOCIAL SCIENCE is a peer reviewed scientific journal in social science and its interdisciplinary fields. The journal is published quarterly. The Boards of Editors oversee the acquisition, review, and publication of quarterly research papers in social science. Editorial inquiries may be sent by email directly to: cijss@duhokcihan.edu.krd