EXPLORING CONTROL ENVIRONMENT PRACTICES IN LOCAL GOVERNMENT-OWNED COMPANIES

This study investigated and evaluated the implementation of governance practices concerning the control environment in government-operated water supply firms in South Sulawesi Province, Indonesia. The objective of this study was to ascertain the most effective methods for implementing governance wit...

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Bibliographic Details
Published in:	Ekuitas : jurnal ekonomi dan keuangan Vol. 8; no. 3; pp. 418 - 433
Main Authors:	Arif, Muhammad Ridwan, Ishak, Andi Abdul Azis, Tamrin, Tamrin, Jayadi, Muhammad
Format:	Journal Article
Language:	English Indonesian
Published:	Sekolah Tinggi Ilmu Ekonomi Indonesia Surabaya 06-09-2024
Subjects:	control environment corporate governance state-owned enterprise
Online Access:	Get full text
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Summary:	This study investigated and evaluated the implementation of governance practices concerning the control environment in government-operated water supply firms in South Sulawesi Province, Indonesia. The objective of this study was to ascertain the most effective methods for implementing governance within government-owned firms. It also examined the maturity level of the control environment. This study utilized the multiple case study method and focused on three observed organizations. The qualitative data was analyzed using implementation-level assessment and comparison analysis across the cases. Multiple discoveries were unveiled in this investigation. Initially, the implementation of a control environment in observed organizations was rudimentary. Furthermore, effective communication and coordination across pertinent departments enhanced control consciousness inside the organization. Furthermore, this study recognized the significance of employing a procedural selection process for audit firms. Nevertheless, multiple domains necessitate enhancement to augment the quality of governance, specifically recognizing the significance of risk management and compliance programs. Additional aspects that may arise in control environment practices, such as corporate culture and political difficulties, should be further investigated.
ISSN:	2548-298X 2548-5024
DOI:	10.24034/j25485024.y2024.v8.i3.6546