Information and Communication as COSO Framework Elements snd Their Impact on the Performance of Entity: Case Study Republic Of Kosovo

Session

Management, Business and Economics

Description

This paper aims to examine the influence of two elements of the COSO framework such as Information and Communication on the performance of Institutions of the Republic of Kosovo. Accordingly, 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 aptitudes and obligations in order to increase the performance of the entity. We handle primary data due to lack of data by secondary data from other relevant institutions. The data set includes a sample of 400 internal auditors, roofing 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 Information and communication, including Quality of information have impact on entity performance for 42% and Form of communication have 35% impact on entity performance. Moreover, the results show that Information and Communications as a 4th element of the COSO framework, including the Quality of information and Form of communication field as measurement instruments of Information and Communications, in the case of the Republic of Kosovo has an impact 30 % in performance enhancement in public entities.

Keywords:

Audit, management, elements of the COSO framework, efficiency, public sector governance, Kosovo

Session Chair

Hasan Metin

Session Co-Chair

Nehat Dobratiqi

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-437-96-7

Location

Lipjan, Kosovo

Start Date

31-10-2020 10:45 AM

End Date

31-10-2020 12:15 PM

DOI

10.33107/ubt-ic.2020.290

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Oct 31st, 10:45 AM Oct 31st, 12:15 PM

Information and Communication as COSO Framework Elements snd Their Impact on the Performance of Entity: Case Study Republic Of Kosovo

Lipjan, Kosovo

This paper aims to examine the influence of two elements of the COSO framework such as Information and Communication on the performance of Institutions of the Republic of Kosovo. Accordingly, 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 aptitudes and obligations in order to increase the performance of the entity. We handle primary data due to lack of data by secondary data from other relevant institutions. The data set includes a sample of 400 internal auditors, roofing 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 Information and communication, including Quality of information have impact on entity performance for 42% and Form of communication have 35% impact on entity performance. Moreover, the results show that Information and Communications as a 4th element of the COSO framework, including the Quality of information and Form of communication field as measurement instruments of Information and Communications, in the case of the Republic of Kosovo has an impact 30 % in performance enhancement in public entities.