Internal Control System (ICS) in Times of Crises: Theoretical and Practical Approaches – The Proactive and Reactive Role of the ICS in Switzerland
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Autor:innen
Autor:in (Körperschaft)
Publikationsdatum
2024
Typ der Arbeit
Studiengang
Typ
04A - Beitrag Sammelband
Herausgeber:innen
Herausgeber:in (Körperschaft)
Betreuer:in
Übergeordnetes Werk
Finance in Crises. Financial Management Under Uncertainty
Themenheft
DOI der Originalpublikation
Link
Reihe / Serie
Reihennummer
Jahrgang / Band
Ausgabe / Nummer
Seiten / Dauer
71–86
Patentnummer
Verlag / Herausgebende Institution
Springer
Verlagsort / Veranstaltungsort
Cham
Auflage
Version
Programmiersprache
Abtretungsempfänger:in
Praxispartner:in/Auftraggeber:in
Zusammenfassung
Crises can occur at any time with serious consequences for organizations. A well-implemented Internal Control System (ICS) helps managing crises and serves to provide adequate assurance regarding the achievement of an organization’s goals in relation to its operations, reporting and compliance. It is mandatory for listed Swiss organizations as well as for Swiss organizations exceeding certain economic key figures. In that case, the existence of the ICS is checked by the external auditor during the so-called ordinary audit. Although it is not mandatory for all other Swiss organizations, they are able to implement an ICS to their own advantage to strengthen their processes regarding the following five components of internal control: control environment, risk assessment, control activities, information/communication and monitoring activities. The authors of this chapter give a brief summary about the theoretical foundations of the ICS with focus on its implementation in Switzerland and how it helps managing crises. Why Swiss organizations are able to benefit from a mandatory or voluntary implementation of an ICS is shown and explained as well as how a well-implemented ICS serves as an important instrument regarding crises—in a proactive manner before and in a reactive manner during crises.
Schlagwörter
Fachgebiet (DDC)
330 - Wirtschaft
Veranstaltung
Startdatum der Ausstellung
Enddatum der Ausstellung
Startdatum der Konferenz
Enddatum der Konferenz
Datum der letzten Prüfung
ISBN
978-3-031-48073-7
978-3-031-48070-6
978-3-031-48071-3
978-3-031-48070-6
978-3-031-48071-3
ISSN
Sprache
Englisch
Während FHNW Zugehörigkeit erstellt
Ja
Zukunftsfelder FHNW
Publikationsstatus
Veröffentlicht
Begutachtung
Fachlektorat/Editorial Review
Open Access-Status
Closed
Lizenz
Zitation
SUTTER, Emilio und Basil SOMMERHALDER, 2024. Internal Control System (ICS) in Times of Crises: Theoretical and Practical Approaches – The Proactive and Reactive Role of the ICS in Switzerland. In: Tobias HÜTTCHE (Hrsg.), Finance in Crises. Financial Management Under Uncertainty. Cham: Springer. S. 71–86. ISBN 978-3-031-48073-7. Verfügbar unter: https://irf.fhnw.ch/handle/11654/48224