The Impact of Internal Control and Risk Management on Banks in Palestine
International Journal of Economics, Finance and Management Sciences
Volume 3, Issue 3, June 2015, Pages: 156-161
Received: Mar. 21, 2015; Accepted: Apr. 3, 2015; Published: Apr. 15, 2015
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Authors
Mohammed Bayyoud, Faculty of Business & Economics, Al-Quds University, Jerusalem, Palestine
Nermeen Ahmad Sayyad, Faculty of Business & Economics, Al-Quds University, Jerusalem, Palestine
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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.
Keywords
Internal Control, Risk Management, Risk Assessment, Risk Identification, Palestinian Banks
To cite this article
Mohammed Bayyoud, Nermeen Ahmad Sayyad, The Impact of Internal Control and Risk Management on Banks in Palestine, International Journal of Economics, Finance and Management Sciences. Vol. 3, No. 3, 2015, pp. 156-161. doi: 10.11648/j.ijefm.20150303.12
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