The Influence of Sustainable Risk Management on the Implementation of Risk-Based Internal Auditing DOI Open Access

Ahmed Almgrashi,

Abdulwahab Mujalli

Sustainability, Journal Year: 2024, Volume and Issue: 16(19), P. 8455 - 8455

Published: Sept. 28, 2024

Risk management exerts a significant influence on the competitiveness of an organization and its operational processes. It presents opportunities for expansion, foresight, need to promote sustainability. Many organizations have executed comprehensive risk Moreover, internal audit has increasingly attracted managers’ attention, forming basis modern governance methods. The aim this study is examine, from viewpoint agency, impact role auditors, training in management, support management. Following this, work examines terms risk-based auditing implementation that performed by Saudi public organizations. This encompassed 234 completed therefore valid questionnaires manager assistance department, accountants, managers employed data collected been analyzed utilizing Smart Partial Least Squares (SmartPLS). study’s findings confirmed there association between auditors There also auditing. ramifications those charge public-sector organizations, sustainability, aiming enhance dependability trustworthiness process other aspects financial reports audits general. Currently, dearth published research factors contributes emerging literature subject examining organizations; it establishes empirical variables through thorough review relevant research. Conducted here investigation identifies affect then economic system Arabia. By focusing article highlights countries similar systems rules procedures their government-operated entities.

Language: Английский

Risk Assessment in Mass Housing Projects Using the Integrated Method of Fuzzy Shannon Entropy and Fuzzy EDAS DOI Open Access
Seyed Morteza Hatefi, Seyyed Hamid Ahmadi, Jolanta Tamošaitienė

et al.

Sustainability, Journal Year: 2025, Volume and Issue: 17(2), P. 528 - 528

Published: Jan. 11, 2025

Mass building projects play a key role in the economic prosperity of any country. Furthermore, these are among main drivers environmental and social problems. In recent years, with spread concept sustainable development life cycle construction dynamic eventful nature projects, issue risk management industry has received more attention researchers. The industry, like other industries, faces various risks. Therefore, it is crucial to identify evaluate risks mass due high volume work. this study, an integrated model based on fuzzy Shannon entropy EDAS proposed for assessment large-scale projects. Initially, by reviewing related articles, 66 effective sub-indicators identified classified into 18 categories, including 6 external 12 internal Subsequently, questionnaire designed assess three factors detection, probability occurrence, severity each index. This distributes 15 production companies field Isfahan. method then applied determine weight factors. weights factor, severity, calculated as 0.386, 0.342, 0.273, respectively. These used prioritize mass-building results determined most critical risks: “inflation rate volatility”, “import/export restrictions”, “unforeseen climatic conditions”. Additionally, low-risk obtained: “limitation working hours”, “collapse structure”, “unpredictable fire”.

Language: Английский

Citations

1
Integration of Sustainability in Risk Management and Operational Excellence through the VIKOR Method Considering Comparisons between Multi-Criteria Decision-Making Methods DOI Open Access
Eliana Judith Yazo-Cabuya, Asier Ibeas, Jorge Herrera

et al.

Sustainability, Journal Year: 2024, Volume and Issue: 16(11), P. 4585 - 4585

Published: May 28, 2024

In the current context, organizations face an important challenge in managing risks related to environmental, social and governance (ESG) issues. This research presents a general method for prioritizing organizational with focus on sustainability based characterization of five typologies their respective sub-risks, analysis global reports. Subsequently, paired surveys are administered group experts from various sectors, who assign importance sub-risks. Their responses serve as basis prioritization these risks, using VIšekriterijumsko KOmpromisno Rangiranje (VIKOR) method, which highlights following most relevant sub-risks each type risk: (1) Lack ethics conduct business (geopolitical risk); (2) Deficit economic growth (economic (3) Chemical safety (social (4) Massive data fraud or theft incidents (technological (5) Water depletion (environmental risk). Additionally, sensitivity is performed determine robustness results VIKOR then compare correlation coefficients respect obtained previous studies AHP ANP methods. Finally, we propose implementation model manage addressed proactively through integral vision, allowing continuous improvement alignment corporate strategy by means operational excellence management system (OEMS).

Language: Английский

Citations

6
Perspectives on Integrating Risk Management and Sustainability for Financial Performance: A Systematic Literature Review DOI Open Access
Carmen Elena Anton,

Camelia Mirela Baba,

Oana-Andreea Bucșoiu

et al.

Sustainability, Journal Year: 2025, Volume and Issue: 17(8), P. 3456 - 3456

Published: April 13, 2025

In a continuously dynamic economy, both risk management and sustainability are elements that must be constantly monitored. This study analyzes the link between management, sustainability, financial performance of companies through systematic literature review key articles from bibliographic databases. A total 9092 publications indexed in Web Science database (2020–2024) were analyzed using bibliometric analysis with VOSviewer. Findings suggest positive relationship effective sustainable business practices, performance. Firms integrate assessment into strategies achieve greater resilience improved outcomes. Research highlights importance transparency identification reporting, particularly reports, as driver long-term value creation. The also identifies disparities implementation across industries regions, emerging markets facing structural challenges adopting comprehensive risk–sustainability frameworks. These findings emphasize need for sector-specific stronger policy support to maximize benefits. research provides valuable insights managers researchers. field remains dynamic, offering new perspectives future studies development.

Language: Английский

Citations

0
The impact of ISO 31000 adoption on the performance of banking companies in Indonesia DOI Creative Commons
Lilik Purwanti, Iwan Triyuwono, Ghozali Maski

et al.

Cogent Business & Management, Journal Year: 2025, Volume and Issue: 12(1)

Published: May 19, 2025

Language: Английский

Citations

0
Nutrients based classifications of Phyllospora comosa biomasses using machine learning algorithms: towards sustainable valorisation DOI

Thiru Chenduran Somasundaram,

Thomas S. Mock, Damien L. Callahan

et al.

Published: Jan. 1, 2024

Language: Английский

Citations

1
The Influence of Sustainable Risk Management on the Implementation of Risk-Based Internal Auditing DOI Open Access

Ahmed Almgrashi,

Abdulwahab Mujalli

Sustainability, Journal Year: 2024, Volume and Issue: 16(19), P. 8455 - 8455

Published: Sept. 28, 2024

Risk management exerts a significant influence on the competitiveness of an organization and its operational processes. It presents opportunities for expansion, foresight, need to promote sustainability. Many organizations have executed comprehensive risk Moreover, internal audit has increasingly attracted managers’ attention, forming basis modern governance methods. The aim this study is examine, from viewpoint agency, impact role auditors, training in management, support management. Following this, work examines terms risk-based auditing implementation that performed by Saudi public organizations. This encompassed 234 completed therefore valid questionnaires manager assistance department, accountants, managers employed data collected been analyzed utilizing Smart Partial Least Squares (SmartPLS). study’s findings confirmed there association between auditors There also auditing. ramifications those charge public-sector organizations, sustainability, aiming enhance dependability trustworthiness process other aspects financial reports audits general. Currently, dearth published research factors contributes emerging literature subject examining organizations; it establishes empirical variables through thorough review relevant research. Conducted here investigation identifies affect then economic system Arabia. By focusing article highlights countries similar systems rules procedures their government-operated entities.

Language: Английский

Citations

1