Internal Control Systems in Swedish Small and Medium size Enterprises: A qualitative study of Effective Internal Control Features in SMEs in Umea, Sweden - Softcover

Berhanu, Zelalem; Teketel, Tsegahiwot

Softcover

ISBN 10: 365900071X ISBN 13: 9783659000713

Publisher: LAP LAMBERT Academic Publishing, 2012

Synopsis

Although the importance of internal control system is widely acknowledged among large companies, an efficient system of internal control is mainly missing in most of Small and Medium size Enterprises (SMEs) in general and Swedish SMEs in Umea in particular. This research is a humble contribution to the effort to implement effective internal control systems in Swedish SMEs as it highlights the importance of having a sound standardized internal control system in SMEs. The research applies an inductive approach in qualitative semi-structured interview and grounded theory as a method of analyzing the data collected from purposefully sampled small and medium size enterprises in Umea, Sweden. The major features of effective internal control system that emerged from this study are found to be sound control environment, comprehensive risk assessment processes, rigorous operational control activities, effective information and communication system, and efficient monitoring and evaluation system.

About this title

About the Author

Zelalem Berhanu has a Masters Degree in Business Administration,Umea University,Sweden. He has worked as Senior Auditor in various Ethiopian institutions with a well-proven consideration of the ethical integrity the Audit profession requires. Tsegahiwot Teketel has a Masters Degree in Business Administration from Umea University, Sweden.

Edition details

• Publisher: LAP LAMBERT Academic Publishing
• Publication date: 2012
• Language: English
• ISBN 10: 365900071X
• ISBN 13: 9783659000713
• Binding: Paperback
• Number of pages: 112