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The Compatibility of (GFMIS) with the Internal Control System

Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2017, Vol 7, Issue 1

Abstract

This study aimed at showing the compatibility of (GFMIS) with requirements of the Internal Control System (ICS). The study problem is searching in the compatibility of (GFMIS) to achieve requirements of (ICS) (control environment, risk assessment, control activities, information and communication and monitoring). The community of the study is from the Jordanian governmental sector. (160) questionnaires are distributed to the internal auditor working in such organizations. (147) questionnaires are valid to be analyzed. The study revealed that (GFMIS) is moderately consistent with the requirements of (ICS), in general. The study recommends to develop (GFMIS) in accordance with the (ICS) international standards. From other hand, the study recommends that not only the traditional control is interested in, but also increasing interest in risk control and adopting a system that provides financial and accounting information required checking and assessing the optimal use of available resources.

Authors and Affiliations

Mohammad Naser Hamdan

Keywords

Government Financial Management Information System (GFMIS) Internal Control System (ICS)
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  • EP ID EP182249
  • DOI 10.6007/IJARAFMS/v7-i1/2537
  • Views 116
  • Downloads 0

How To Cite

Mohammad Naser Hamdan (2017). The Compatibility of (GFMIS) with the Internal Control System. International Journal of Academic Research in Accounting, Finance and Management Sciences, 7(1), 26-40. https://europub.co.uk/articles/-A-182249

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