• Title/Summary/Keyword: Audit Efforts

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Corporate Governance and Sustainability in Indonesia

  • SETYAHADI, R. Rulick;NARSA, I Made
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.885-894
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    • 2020
  • This paper aims to provide a review concept regarding the relationship between corporate governance and corporate sustainability in Indonesia. This paper examines the mechanisms and guidelines for implementing good corporate governance. This research used the literature review method and explores some effective corporate governance principles such as transparency, accountability, responsibility, independence, fairness, and equality to achieve business sustainability in Indonesia's setting. The results show that good corporate governance regulation in Indonesia has been improved, but the enforcement is still needed to be optimized because good corporate governance will positively impact corporate sustainability. Thus, sustainability requires more corporate innovation because sustainability is about how a company can create profits and value-added to society through corporate social responsibility (CSR) programs and how the company can contribute to the preservation of nature and the environment. In Indonesia, the board of directors, the board of commissioners, and the audit committees are positively related to CSR disclosure. Thus, leadership and management efforts are crucial. However, to comprehensively support the synergy of implementing good corporate governance, we need the role of the state, the business community, and society. This study provides important insights into the implementation of good corporate governance in achieving corporate sustainability in Indonesia.

Impact of Corporate Governance Mechanisms on Corporate Social Responsibility Disclosure of Publicly-Listed Banks in Bangladesh

  • JAHID, Md. Abu;RASHID, Md. Harun Ur;HOSSAIN, Syed Zabid;HARYONO, Siswoyo;JATMIKO, Bambang
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.61-71
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    • 2020
  • The study examines the impact of corporate governance mechanisms, such as board characteristics on corporate social responsibility disclosure (CSRD). The data on CSRD items and board characteristics have been collected by content analysis of the annual reports of 30 publicly-listed banks in Bangladesh covering six years, from 2013 to 2018. More specifically, the directors' report, the chairman's statement, notes to the financial statement and CSR disclosure reports included in annual reports were used to collect the CSRD data. The empirical analysis applies the ordinary least square and the generalized method of moments. The results of the study have revealed that board size, board independence, female board member, and foreign directors have a significant positive impact on CSRD. By contrast, political directors and audit committee size have a negative impact on CSRD. Interestingly, accounting experts on boards ensure more CSRD as they curb the influence of politicians on the board. Thus, it is better to increase accounting experts and decrease politicians on the board. These findings provide valuable insights into the process of forming a suitable CSR policy by connecting the efforts of the board, government, and regulatory bodies to enhance the performance of banks to CSR as well as to CSRD.

Diversification of Entertainment Companies (Focusing on the SM Entertainment, Sidus IHQ and Yedang Entertainment) (국내 연예 매니지먼트 회사의 사업 다각화 현황 (SM 엔터테인먼트, 사이더스 IHQ, 예당 엔터테인먼트를 중심으로))

  • Lee, Moon-Haeng
    • The Journal of the Korea Contents Association
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    • v.9 no.8
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    • pp.208-218
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    • 2009
  • Entertainment industries have recently shown continuous growth as a potential high value-added market and are being acknowledged as the most promising high-efficiency industry. The following case study offers the understanding of the financial situation and the diversification of three management companies like SM entertainment, Yedang entertainment, and Sidus HQ. I analyzed through IR which is on homepage of each company, audit reports and some articles of news papers, etc. The results of this study will show that diversification of three companies are relatively stable and make efforts to expand their activities.

Fraud Scenario Prevalent in the Banking Sector: Experience of a Developing Country

  • Bhasin, Madan Lal
    • East Asian Journal of Business Economics (EAJBE)
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    • v.4 no.4
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    • pp.8-20
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    • 2016
  • Banks are the engines that drive the operations in financial sector, money markets and growth of economy. With growing banking industry in India, frauds in Banks are increasing and fraudsters are becoming more sophisticated and ingenious. Shockingly, banking industry in India dubs rising fraud as "an inevitable cost of doing business." As part of study, a questionnaire-based survey was conducted in 2012-13 among 345 Bank employees "to know their perception towards bank frauds and evaluate factors that influence the degree of their compliance level." The study reveals, "there are poor employment practices and lack of effective employee training; usually over-burdened staff, weak internal control systems, and low compliance levels on the part of Bank Managers, Offices and Clerks. Although banks cannot be 100% secure against unknown threats, a certain level of preparedness can go a long way in countering fraud risk. Internal audit professionals should play an integral role in organization's fraud-fighting efforts. Some other promising steps are: educate customers about fraud prevention, make application of laws more stringent, leverage the power of data analysis technologies, follow fraud mitigation best practices, and employ multipoint scrutiny.

Implementation of Secure Linux OS based on Kernel (커널 기반의 보안 리눅스 운영체제 구현)

  • 박태규;임연호
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.11 no.4
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    • pp.33-43
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    • 2001
  • This paper presents a secure Linux OS in which multi-level security functions are implemented at the kernel level. Current security efforts such as firewall or intrusion detection system provided in application-space without security features of the secure OS suffer from many vulnerabilities. However the development of the secure OS in Korea lies in just an initial state, and NSA has implemented a prototype of the secure Linux but published just some parts of the technologies. Thus our commercialized secure Linux OS with multi-level security kernel functions meets the minimum requirements for TCSEC B1 level as well kernel-mode encryption, real-time audit trail with DB, and restricted use of root privileges.

The Development of Neural Network Model to Improve the Reliability of the Demand/Effort Model for Evaluating Highway Safety (도로위험도를 평가하는 요구/노력모형의 신뢰도 향상을 위한 신경망 모형 개발)

  • Jeong, Bong-Jo;Gang, Jae-Su;Jang, Myeong-Sun
    • Journal of Korean Society of Transportation
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    • v.27 no.2
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    • pp.95-105
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    • 2009
  • Traffic accidents on highways are likely to happen when there is an imbalance in the complex relationships among key elements such as road geometries, driver related factors, and mechanical performances. The Demand-Effort Model (DEM), which evaluates highway safety, can be explained by the imbalance, which occurs when the level of demand of the driver's attention to the road environment exceeds that of the response from the driver. This study suggests a new model that improves the reliability of the current DEM through the reinterpretation on the physiological signals with the help of the Neural Network Model (NNM). The data were collected from 149 subjects, who drove a test vehicle on the Yongdong, Honam, and Seohaean Expressways in Korea. Three important results could be drawn from the recursive tests as follows; (1) Only 5 out of 10 parameters on the physiological signals which are currently used were proven to be meaningful through the Normality Test, Cluster Analysis, and Mann-Whitney Analysis. (2) The revised DEM, which internally uses the NNM, showed more reliable results than existing DEM. Group 1, which is based on the new DEM showed 80.0% of accuracy in measuring the level of driver's efforts, however, that of Group 2 based on the current DEM was 74.3%. (3) Field tests on the Honam Expressway showed lower 'type II error' with the new DEM (40.5%) than the old DEM (58.8%). The DEM is designed as a quick and easy way to determine highway safety prior to the minute road safety audit (RSA) by a professional audit team. Then a new DEM, which is based on the NNM, needs to be considered since it showed higher reliability and lower error.

A study on the energy management of logistics warehouse through survey (설문조사를 통한 물류창고의 에너지 관리현황에 관한 연구)

  • Lee, Tae-Dong;Kim, Young-Joo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.5
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    • pp.391-399
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    • 2017
  • Various efforts for reducing greenhouse gas emission due to intensified climate change are being made continuously in all industrial fields, including theimplementation of"green logistics" as countermeasures in the logistics industry. Therefore, energy and greenhouse gas management are necessary for logistics warehouses in the logistics industry. In this study, asurvey on the recognition of logistics center managers and the management elements werecarried out to identify the energy management status of logistics centers. This study was carried out to identify the energy management status of warehouses and the perception of energy managers. The total numberof warehouses and the classification by purpose of use were examinedusing public DB to identify the present status of the warehouses preferentially. Based on the result, asurvey for identifying the present status of energy management and the perception of energy managers targeting 300 warehouses was carried out. Warehouse managers have shown considerable interest in energy management but they experiencedifficulty in this area due to a lack of energy management infrastructure and expertise. In the case of an energy audit, most warehouse managers had no experience in energy auditsbecausethe energy audits werenot mandatory for warehouses. The results of this study can be used as basic data to determineenergy management status and energy management elements for developing IT systems for the energy management of logistics warehouses.

Public Service Broadcasting and Accountability: Case Study on NHK (공영방송의 '설명책임'에 관한 연구: NHK의 '개혁재생사업'을 중심으로)

  • Ahn, Chang-Hyun
    • Korean journal of communication and information
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    • v.41
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    • pp.268-302
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    • 2008
  • This paper analyzes an NHK's 'Performances of Reform and Revival'. As a result of analysis, it was focused on reinforcement of the management such as audit, corporate governance, compliance, and thus the accountability was insufficient. Generally speaking, public service broadcasting is the form of organization of mass media that is most directly accountable to society. Therefore, the efforts is required for public service broadcasting to figure out to endow the social roles and responsibilities to themselves differentiated from other commercial broadcasters. And it is necessary that the concrete systems and activities based on an answerability model so that public broadcasters fulfill the accountability. Answerability means that broadcasting organizations and journalists both take account of and are accountable to the public. In such a process, the positive and voluntary civic participation is indispensable.

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Survival of Triple Negative versus Triple Positive Breast Cancers: Comparison and Contrast

  • Negi, Preety;Kingsley, Pamela Alice;Jain, Kunal;Sachdeva, Jaineet;Srivastava, Himanshu;Marcus, Sudeep;Pannu, Aman
    • Asian Pacific Journal of Cancer Prevention
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    • v.17 no.8
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    • pp.3911-3916
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    • 2016
  • Background: Triple negative (TN) and triple positive (TP) breast cancers both are aggressive types but TN generally has a shorter survival. Objectives: To compare the clinical characteristics and treatment outcomes for patients with TN versus TP breast cancer and to assess various prognostic factors affecting overall survival. Materials and Methods: A retrospective audit of 85 breast cancer patients was conducted in the Department of Radiation Oncology and Medical Oncology on patients from 2006 to 2013 for whom IHC for ER, PgR and Her-2 neu were available. The patients were stratified into: ER-, PR- and Her-2 neu- (Arm A, n=47) and ER+, PgR+ and Her-2 neu+ (Arm B, n=38). Results: TN subtype had higher numbers of premenopausal and advanced stage patients as compared to TP subtype. The locoregional recurrence (LRR) and distant metastatic rate was also higher in TN subtype but there was no definite pattern in both the arms. Among the prognostic factors, patients with premenopausal status and advanced stage in TN breast cancer had inferior survival (P=0.07) whereas for those with postmenopausal status and early stage there was no survival difference between the two arms. Conclusions: TN subtype tends to be more aggressive in terms of younger age and advanced stage at presentation, higher tumour grade, LRR and metastasis, suggesting need for future research efforts on providing aggressive treatment to these patients. We could attribute better outcome for TP subtype to receptor positivity enabling role of hormonal treatment and targeted therapy, although less number of patients received targeted therapy.

Efficient Masquerade Detection Based on SVM (SVM 기반의 효율적인 신분위장기법 탐지)

  • 김한성;권영희;차성덕
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.13 no.5
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    • pp.91-104
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    • 2003
  • A masquerader is someone who pretends to be another user while invading the target user's accounts, directories, or files. The masquerade attack is the most serious computer misuse. Because, in most cases, after securing the other's password, the masquerader enters the computer system. The system such as IDS could not detect or response to the masquerader. The masquerade detection is the effort to find the masquerader automatically. This system will detect the activities of a masquerader by determining that user's activities violate a profile developed for that user with his audit data. From 1988, there are many efforts on this topic, but the success of the offers was limited and the performance was unsatisfactory. In this report we propose efficient masquerade detection system using SVM which create the user profile.