The purpose of the study attempts to analyze the impact of internal control and risk management on banks in Palestine. The investigation helped in identifying the impacts of new banking reformations and rules on the risk assessment, identification, and mitigation in banks. It was also assessed that whether frauds and errors are reduced, different types of risk are controlled, duties are segregated and practices are aligned with international standards in banks due to reformed internal control procedures. A qualitative close-ended survey was carried out for collecting data from managers of 10 banks in Palestine. The responses of 22 statements were collected in five different categories. The findings showed that overall internal control and risk management systems in Palestine have positively affected the banks in terms of quantitative as well as qualitative performance.
Published in | International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 3) |
DOI | 10.11648/j.ijefm.20150303.12 |
Page(s) | 156-161 |
Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
Copyright |
Copyright © The Author(s), 2015. Published by Science Publishing Group |
Internal Control, Risk Management, Risk Assessment, Risk Identification, Palestinian Banks
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APA Style
Mohammed Bayyoud, Nermeen Ahmad Sayyad. (2015). The Impact of Internal Control and Risk Management on Banks in Palestine. International Journal of Economics, Finance and Management Sciences, 3(3), 156-161. https://doi.org/10.11648/j.ijefm.20150303.12
ACS Style
Mohammed Bayyoud; Nermeen Ahmad Sayyad. The Impact of Internal Control and Risk Management on Banks in Palestine. Int. J. Econ. Finance Manag. Sci. 2015, 3(3), 156-161. doi: 10.11648/j.ijefm.20150303.12
AMA Style
Mohammed Bayyoud, Nermeen Ahmad Sayyad. The Impact of Internal Control and Risk Management on Banks in Palestine. Int J Econ Finance Manag Sci. 2015;3(3):156-161. doi: 10.11648/j.ijefm.20150303.12
@article{10.11648/j.ijefm.20150303.12, author = {Mohammed Bayyoud and Nermeen Ahmad Sayyad}, title = {The Impact of Internal Control and Risk Management on Banks in Palestine}, journal = {International Journal of Economics, Finance and Management Sciences}, volume = {3}, number = {3}, pages = {156-161}, doi = {10.11648/j.ijefm.20150303.12}, url = {https://doi.org/10.11648/j.ijefm.20150303.12}, eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20150303.12}, abstract = {The purpose of the study attempts to analyze the impact of internal control and risk management on banks in Palestine. The investigation helped in identifying the impacts of new banking reformations and rules on the risk assessment, identification, and mitigation in banks. It was also assessed that whether frauds and errors are reduced, different types of risk are controlled, duties are segregated and practices are aligned with international standards in banks due to reformed internal control procedures. A qualitative close-ended survey was carried out for collecting data from managers of 10 banks in Palestine. The responses of 22 statements were collected in five different categories. The findings showed that overall internal control and risk management systems in Palestine have positively affected the banks in terms of quantitative as well as qualitative performance.}, year = {2015} }
TY - JOUR T1 - The Impact of Internal Control and Risk Management on Banks in Palestine AU - Mohammed Bayyoud AU - Nermeen Ahmad Sayyad Y1 - 2015/04/15 PY - 2015 N1 - https://doi.org/10.11648/j.ijefm.20150303.12 DO - 10.11648/j.ijefm.20150303.12 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 156 EP - 161 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20150303.12 AB - The purpose of the study attempts to analyze the impact of internal control and risk management on banks in Palestine. The investigation helped in identifying the impacts of new banking reformations and rules on the risk assessment, identification, and mitigation in banks. It was also assessed that whether frauds and errors are reduced, different types of risk are controlled, duties are segregated and practices are aligned with international standards in banks due to reformed internal control procedures. A qualitative close-ended survey was carried out for collecting data from managers of 10 banks in Palestine. The responses of 22 statements were collected in five different categories. The findings showed that overall internal control and risk management systems in Palestine have positively affected the banks in terms of quantitative as well as qualitative performance. VL - 3 IS - 3 ER -