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Faculty of Management Sciences

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    The impact of internal control practices on minimizing fraud in companies
    (2021-12-01) Cavaliere, Luigi Pio Leonardo; Lourens, Melanie Elizabeth; Muda, Iskandar; Kumar, Anil; Chabani, Zakariya; Swadia, Bhavik U.; Rajest, S. Suman; Regin, R.
    Internal control structures are a collection of protocols and regulations that protect an organization's properties, minimizing possibilities for theft and maintaining an organization's potential. For an entity to operate, considerations must be identified to guarantee the organization's smooth functioning like materials, machinery, cash, etc. Certain associations were misled by their members and consumers. This methodology concerns quantitative evidence, as the name implies. There is a range of agreed methodological criteria for the method's feasibility, such as the number of respondents needed for statistically important outcomes. The quantitative method will be implemented to study employees' points of view in the workplace to internal control practices. It will measure the employee’s opinion based on a Likert scale ranging from 1 representing strongly agree to 5 representing strongly disagree. Failure to comply with internal controls is one of the key obstacles to producing good financial performance in companies. While there have been many initiatives in environmental regulation and regulations and internal auditing, a firm's financial success has seen nothing in corporate governance and government policy. Therefore, the relationship between internal control systems and the financial performance of entities must be defined. The research ends with the significant predictors of financial success that involve control setting, internal audit feature, risk reduction, control practices, and corporate governance. The research found that companies that provide effective frameworks for internal control depend on positive financial performance and investment valuation. Failure to respect internal controls is one of the main barriers to successful business success.
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    Role of Internet of Things (IOT) to improve overall recruitment and manpower management system of an organization
    (Kalahari, 2022-01-01) Vijayalakshmi, N. S.; Lourens, Melanie Elizabeth; AGYEI, Isaac Tweneboah; Cotrina-Aliaga, Juan Carlos; Chabani, Zakariya; Hasan, Arif
    With technological advancement, organizations are evolving and building a novel-tech culture by the implementation of IoT-based devices including big data, cloud computing, and Google glasses. Organization can predict their future events across all functional areas including marketing, human resource management, finance, and operations with the digitalization of both structured and unstructured data present in the organization. Organizations are rapidly shifting towards the IoT for improving the overall recruitment process as well as the manpower management system of the organization. The decision-making ability of the organizations is highly affected by the implementation of IoT-based devices. The article will highlight the role of IoT in an organization and how it impacts overall recruitment and manpower management. Recruitment is one of the most critical factors for the growth of the organization. IoT-based applications such as Google glasses allow capturing the interviews for analyzing the behavior and attitude of the candidate. IoT helps to capture the information that enhances the decision-making ability of the organization as well as helps in choosing the well-deserved employees for the organization. Hire bue is an AI-based application used by the organization for improving the recruitment process.