This website uses cookies to ensure you have the best experience. Learn more

Corporate Governance And The Role And Internal Audit Within Higher Education In United Arab Emirates (Uae)

2499 words - 10 pages



Why I am interested in this area

I am working as Senior Internal Auditor in the Education Industry from last 4 years and for this reason, I consider it as a great opportunity to explore and research, that, any importance is available and provided in this aspect or not and what are the preventive and mitigating measures taken by the Institutions to overcome towards any shortfalls or problems.

The term “Corporate Governance” is relatively new in this area and specially in the field of Education and it will not only be a great learning curve for me but will also ...view middle of the document...

Aim and Objectives

This study wants firstly to elaborate in a way that how internal auditors perceive their current role in introducing and managing corporate governance within the Universities of United Arab Emirates, where internal auditing is a relatively young profession. Secondly, I want to investigate whether, under the influence of corporate governance regulations, a greater financial and operational emphasis in internal auditors’ work can be noticed. Internal auditors can play a pioneering role in the creation of a higher level of risk and control awareness and a more formalized, standardized, transparent and documented risk management system.

This study is meant to shed some light on different aspects, characteristics, components and issues of corporate governance, always bearing in mind the possible role of the internal auditor. Moreover, this paper has no intention of telling the internal auditor what to do but rather to give an indication of different elements which may enable the internal auditor to contribute to what is generally referred to as ‘good’ corporate governance. However, in order to fully grasp the possibilities for the internal auditor with regard to corporate governance, I found it useful to shed some light on the phenomenon of ‘corporate governance’ itself: its meaning, its history, its different features, its various participants, its components and a number of other aspects pertaining to the subject of corporate governance. The chapter dealing in particular with the role of the internal auditor will list a number of considerations regarding the possible impact of the internal auditor on corporate governance in different ways.

The above can be summarized in to following objectives:

To evaluate, how Internal Auditors understand their current role
To analyse, for the good governance, how Internal Audit is helping their organizations
To examine, either the risk awareness and preventive controls are introduced
To explore, risk Management system is properly defined and understood
To evaluate the independence of Internal Audit
To identify any regulating bodies or documents are available which can restrict educational institutions towards good corporate governance.
To evaluate the legal and regulatory framework allows sufficient flexibility for adjustments in the capital structure for Profit institutions, when this is necessary for achieving company objectives.
To examine the maturity analysis of institutes towards corporate governance.
To examine that, institutes are equipped with policies and procedures or they working without them.

Overview of review of the relevant literature

There are relevant and related articles and publications. The major highlights related to my topic are listed below.

For the fraud available in the financial statements and regular business Vinten, Gerald (ed.) mentioned in Financial Regulation about the accounting scandals and also the measures taken by...


Corporate Governance Within an Expanding Small Business

3260 words - 14 pages Corporate governance within an expanding small business Assignment Topic Option 1. Conduct a review of the governance of your organisation (or one with which you are familiar) in the form of a report to the Chairman (or President) of the Governing Board of Directors. In the brief report use the concepts, tools and techniques learned in this subject to review the structure, process and effectiveness of the governance of the organisation and to

Corporate Governance Evaluation And Rating Essay

1614 words - 7 pages within the corporations contained in GMI. If a business has encountered a key reorganization or governance remodel in between the scheduled rating rounds, GMI may contemplate reprising the business’s profile (Hurst, 2004). Conclusion It is still uncertain the importance of corporate governance ratings and how they will effect investors. Certainly, the usefulness of these types of ratings is deteriorated by the ostensible lack of uniformity

Cost and Equity in Higher Education

2251 words - 10 pages (Jones 2009). In the United States, higher education plays a role in creating opportunity for social mobility. A college education has always been a means to obtain a paying job and eventually move from one social status to another. However, with the rise in tuition, more and more students are dropping college with increased debt. More and more defaults in student loans, causing poor credit, which at times affects employability. Hence, there

Higher Education and Unemployment

2230 words - 9 pages ensure internal development, strong economy and better foreign relations. In this regards her neighboring country china also there to fulfill the huge needs of energy, to contain U.S. influence in this region, counter terrorism, and make this region as strong economic market, china’s make better policies to achieve these goals and try to enhance better relations with these Central Asian States

Corporate Governance In Banks Undergoing Merger And Acquisition

2449 words - 10 pages PAGE PAGE 10 AbstractThis nine page paper on Corporate Governance In Banks Undergoing Merger And Acquisition presents a case on banks that have recently undergone the process of M&A in Pakistan and the steps these banks should take in order to encompass corporate governance to ensure higher profitability and employees' satisfaction. Effective corporate governance involves a set of relationships between a company's management, its board

Customer Relationship and Corporate Governance in Sustainability of Business

2666 words - 11 pages commensurate with the risks involved. Corporate governance is a key element in improving organisational performance and sustainability as well as enhancing stakeholder confidence. In contemporary business corporations, the main external stakeholder groups are shareholders, debt holders, trade creditors, suppliers, customers and communities affected by the corporation's activities. Internal stakeholders are the board of directors, executives, and

Legality and Ethicality of Corporate Governance

1091 words - 5 pages designation of responsibilities, a clearly defined decision making process, internal and external audits and audit committees. Healthy corporate governance leads to ethical practices within the organization, supports accurate and transparent financial statements, and helps to prevent fraud. Agencies and legal processes that serve as an “overseers” in regulating corporate governance can only be effective when there are repercussions for not

Legality and Ethicality of Corporate Governance

974 words - 4 pages Legality and Ethicality of Corporate Governance Paper ETH/376 Legality and Ethicality of Corporate Governance Paper United Thermostatic Controls is a publicly owned company that manufactures and markets residential and commercial thermostats (Mintz & Morris, 2011). As a publicly owned company, United Thermostatic Controls common stock is listed and traded on the New York Stock Exchange. Frank Campbell is the director of the Southern

Individual Legality and Ethical of Corporate Governance

1247 words - 5 pages Week 3: Individual Legality and Ethicality of Corporate Governance Alisha J. Simental March 6, 2014 Katherine Parks Introduction In Case 3-3, we are introduced to the United Thermostatic Controls," that engages in the manufacturing and marketing of residential and commercial thermostats."(S. Mintz, R. Morris, 2011) They use their thermostats control temps in refrigerators and furnaces, mainly selling to retailers. According to the text

Corporate Governance in Soccer

3895 words - 16 pages governance is a product of league-specific governance failures, lack of external and internal control mechanisms, and classifying governance obsolescence as a form of malady. The low performance of the corporate governance in soccer has also resulted from the coalition of the prominent political players within FIFA and the business networks around the globe. This has compromised the democratic facade of the governance systems and the operational

Leadership and Budgeting in a Higher Education Setting

3217 words - 13 pages initiatives; moreover, dissimilar factors determine an “institutions ability to reallocate funds without damage to the programs involved” Meisinger, 1994, p. 156). Cuts to developmental education ultimately hurts students, workforce readiness, and therefore the state’s economy. Many students enter college in the United States without the basic academic skills needed to be successful in their coursework. It should be a higher education

Related Essays

Role Of Ict In The Governance Of Higher Education

3069 words - 13 pages GOVERNANCE AND QUALITY ASSURANCE Role of ICT in the governance of higher education Mrs. Shankarisankar, M.A.,MPHIL.,M.ED.,MPHIL., HDCA., DMTT ASSISTANT PROFESSOR SRM SCHOOL OF TEACHER EDUCATION AND RESEARCH SRM UNIVERSITY Abstract The increasing use of information and communication technologies (ICTs) has brought changes to teaching and learning at all levels of higher education systems (HES). Across the past twenty years the use of ICT

The Face Of Higher Education: Corporate Social Responsibility, Stakeholders And The Managerial Role

1494 words - 6 pages Renee Ojo Ohikuare Process Management and Organizational Theory Reaction Paper 3 October 12, 2011 Professor Arevalo The Face of Higher Education: Corporate Social Responsibility, Stakeholders and the Managerial Role Abstract The purpose of this paper is to examine three themes that have been discussed in our Management Process and Organizational Theory course: Corporate Social Responsibility, the Stakeholders, and Managerial Roles

The Role Of The Student Nurse In Higher Education

1481 words - 6 pages A student in Higher Education and a Future Healthcare Practitioner. In this essay I will explore my initial reflections on my role as a student in higher education. There will a discussion on my role as a future healthcare practitioner and the efforts I need to make to achieve the professional status of a nurse. I will discuss my learning styles and identify key developmental needs to be addressed. There will be discussions on the concepts of

Reflective Account On Role As A Student In Higher Education And As A Future Health Practitioner

1706 words - 7 pages within teams for the best outcomes. In fact, the higher education knowledge base that I will acquire upon graduation will make me more attractive to employers. In this case, employers will trust me with more responsibilities since I will know more about the patients’ overall conditions, work independently with minimal supervision, actively engage teams, and even make leadership decisions with regards to the direction that the care plan will take