Internal control system for small business to reduce risk of fraud : Case study: Company D, Vietnam
Tran, Loan (2011)
Avaa tiedosto
Lataukset:
Tran, Loan
Arcada - Nylands svenska yrkeshögskola
2011
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2015060111668
https://urn.fi/URN:NBN:fi:amk-2015060111668
Tiivistelmä
Regardless of sizes or sectors, all organizations could be vulnerable by frauds, especially small business entities were victimized in the greatest percentage of cases,and also suffered excessively huge losses because of fraud.
This study aims to describe frauds and how internal control system could help small businesses prevent frauds and thereby reduce risk of frauds. The case study of company
D was employed in this research in order to provide practical matters in relation to fraud and internal control system at this company. How a good internal control system
should be applied to a small business will be indicated through the case of company D.
The literature chapter is collected from various resources such as books, articles and online sources. The empirical data of the case study is gathered by two research
methods: questionnaire which sent to employees working at the company and interview which conducted with three managers of the company. After obtaining adequate
theoretical framework and practical data, an in-depth and comprehensive analysis is carried out based on those data. The results reveal that the company D is to some extent
having a rather good internal control system, yet needs more improvements,particularly attentions from the company’s boards of directors to different departments.
Several possible solutions are suggested based on the author’s understanding of practical current states at company D.
It is believed that this thesis is providing helpful information for the case company as
well as others in terms of internal control system to reduce risk of frauds.
This study aims to describe frauds and how internal control system could help small businesses prevent frauds and thereby reduce risk of frauds. The case study of company
D was employed in this research in order to provide practical matters in relation to fraud and internal control system at this company. How a good internal control system
should be applied to a small business will be indicated through the case of company D.
The literature chapter is collected from various resources such as books, articles and online sources. The empirical data of the case study is gathered by two research
methods: questionnaire which sent to employees working at the company and interview which conducted with three managers of the company. After obtaining adequate
theoretical framework and practical data, an in-depth and comprehensive analysis is carried out based on those data. The results reveal that the company D is to some extent
having a rather good internal control system, yet needs more improvements,particularly attentions from the company’s boards of directors to different departments.
Several possible solutions are suggested based on the author’s understanding of practical current states at company D.
It is believed that this thesis is providing helpful information for the case company as
well as others in terms of internal control system to reduce risk of frauds.