Session

Management, Business and Economics

Description

This paper aims to investigate the impact of two elements of the COSO framework such as Control activity and Monitoring on the performance of Institutions of the Republic of Kosovo. Therefore, public institutions and audit agencies in our country need to work more than ever before to promote law enforcement, fight against corruption, honesty, the efficient use of public funds and the increase of government competencies and responsibilities in order to increase the performance of the entity. We employ primary data due to lack of data by secondary data from other relevant institutions. The data set includes a sample of 400 internal auditors, covering the entire auditory region in the Republic of Kosovo. An IV-GMM model is implemented to measure the impact of two determinants in the public sector together with their metering instruments. Since the reliability of the data is proven, we think that this research has presented the current state of the institutions of the Republic of Kosovo and determining the main factors of the progress of this system. The results show that the control activity, including Comprehensive control activity, Equality in control activities and Duration of control have 56% impact on entity performance. Moreover, the results show that Monitoring as a 5th element of the COSO framework, including the selfassessment questionnaire and verification in the field as measurement instruments of monitoring, in the case of the Republic of Kosovo has an impact 41 % in performance enhancement in public entities.

Keywords:

IA, COSO framework, Efficiency.

Session Chair

Hasan Metin

Session Co-Chair

Leonita Braha Vokshi

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-550-19-2

First Page

137

Last Page

143

Location

Pristina, Kosovo

Start Date

26-10-2019 3:30 PM

End Date

26-10-2019 5:00 PM

DOI

10.33107/ubt-ic.2019.363

Download

Included in

Business Commons

Share

COinS
 
Oct 26th, 3:30 PM Oct 26th, 5:00 PM

Control Activity and Monitoring as COSO Framework Elements And Their Impact on the Performance of Entity: Case Study Republic of Kosovo

Pristina, Kosovo

This paper aims to investigate the impact of two elements of the COSO framework such as Control activity and Monitoring on the performance of Institutions of the Republic of Kosovo. Therefore, public institutions and audit agencies in our country need to work more than ever before to promote law enforcement, fight against corruption, honesty, the efficient use of public funds and the increase of government competencies and responsibilities in order to increase the performance of the entity. We employ primary data due to lack of data by secondary data from other relevant institutions. The data set includes a sample of 400 internal auditors, covering the entire auditory region in the Republic of Kosovo. An IV-GMM model is implemented to measure the impact of two determinants in the public sector together with their metering instruments. Since the reliability of the data is proven, we think that this research has presented the current state of the institutions of the Republic of Kosovo and determining the main factors of the progress of this system. The results show that the control activity, including Comprehensive control activity, Equality in control activities and Duration of control have 56% impact on entity performance. Moreover, the results show that Monitoring as a 5th element of the COSO framework, including the selfassessment questionnaire and verification in the field as measurement instruments of monitoring, in the case of the Republic of Kosovo has an impact 41 % in performance enhancement in public entities.