Reza Habibi; Yahya Hasas Yeganeh; Mahdi Tajedini
Abstract
Internal auditing has undergone profound changes in the last two decades. In the past, the main task of internal auditing involved controlling two-way accounting records in order to detect errors. On the other hand, today, this type of auditing pays attention to controls for the purpose of risk management ...
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Internal auditing has undergone profound changes in the last two decades. In the past, the main task of internal auditing involved controlling two-way accounting records in order to detect errors. On the other hand, today, this type of auditing pays attention to controls for the purpose of risk management and tries to develop appropriate ways to increase the value of the organization under investigation. Value is created through expanding the production of goods and services, as well as the optimal use of resources. Time is one of the limited resources of the internal audit unit, and its optimal allocation among different audit projects is a multi-criteria problem, which includes qualitative and quantitative variables. This research study presents a combined approach of hierarchical models and ideal planning for the optimal allocation of internal audit time in the Central Bank of the Islamic Republic of Iran. The results show that optimal time allocation provides the necessary flexibility to minimize risk.
Mehdi Ghadirmohseni; Ashkan Ayough; Seyed Hossein Razavi Haji Agha
Abstract
One of the major problems of the banking system in recent years is the creation of non-current claims. In fact, a bank's operating profit, which includes the profit received for granting facilities to customers, cannot be realized due to the creation of bank claims, and the circulation of money and facilities ...
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One of the major problems of the banking system in recent years is the creation of non-current claims. In fact, a bank's operating profit, which includes the profit received for granting facilities to customers, cannot be realized due to the creation of bank claims, and the circulation of money and facilities becomes stagnant. Therefore, in order to adjust bank claims in the future and, considering interest rates, to estimate the profit function of bank customers using the customer lifetime value improved with Markov chain, the researchers present a model. Since there are eight different types of facilities for customers in the researched branches of Mellat Bank, information was obtained separately for each of these facilities, including the profit and customers’ claims, and for each loan a function was obtained. As such, each of these facilities had a specific function and a specific profit and loss for the bank. After obtaining the profit and loss of each one, for validation purposes, the researchers compared them with the previously obtained, as well as settled, facilities and analyzed the results.
Morteza Safabakhsh; Farzad Asayesh
Abstract
The present research was carried out with the aim of segmenting bank customers based on customer lifetime value (CLV) and their ability to make a profit in one of the branches of Karafarin Bank. For this purpose, Qard al-Hasan savings accounts of this branch were selected for a period of four years and ...
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The present research was carried out with the aim of segmenting bank customers based on customer lifetime value (CLV) and their ability to make a profit in one of the branches of Karafarin Bank. For this purpose, Qard al-Hasan savings accounts of this branch were selected for a period of four years and were regarded as the basis for the analysis and implementation of the research framework. The researchers used the clustering method to calculate CLV and to conduct the segmentation process. Moreover, considering CLV-related parameters, the researchers presented a special mathematical relationship to calculate CLV. The accounts forming a sample of ten thousand items were segmented based on such factors as retention rate, attrition rate, inflation, as well as average inventory. The resulting segments included six categories with the titles of golden customers, customers with reasonable profitability, customers with average profitability, customers with more or less average profitability, customers with low value, and customers with the lowest value. Segmenting the market based on customer lifetime value in a private bank is the most important innovation of this study, which complements previous research findings in the area of banking marketing. Given that the services and products offered in banks should be based on a better understanding of customers, this article aims to provide bank managers with a perspective so that they can identify profitable customers.
sirvan aghaie; golzar aghaie; azam parsafar
Abstract
The ability to identify and assess Sharia compliance risk is an important issue in providing a framework for Sharia compliance risk management. Emphasizing this issue, the emergence of Islamic banking in the world, and continuous efforts to develop standards have been prioritized in Islamic banking. ...
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The ability to identify and assess Sharia compliance risk is an important issue in providing a framework for Sharia compliance risk management. Emphasizing this issue, the emergence of Islamic banking in the world, and continuous efforts to develop standards have been prioritized in Islamic banking. In fact, as it will be explained in this study, there are many issues that need to be addressed regarding the compliance risk in our country’s banking industry. Sharia compliance risk is classified according to the levels of that risk, its constituent factors, and its strategic and tactical management. Sharia compliance risk management, similar to other forms of risk management, has a lifecycle. This study was conducted through a review of Islamic texts, supervisory regulations, and existing scientific papers concerning Sharia risk management. The purpose of this article is to examine the risk of Sharia compliance, to establish the basis of its definition, to describe its characteristics and implications, and to examine how it should be managed in the banking system, with the current situation of the country. Finally, in order risk to prevent the risk of non-compliance with legal and supervisory requirements in line with risk compliance management, the researchers present a systemic framework. For risk assessment, the risk management matrix (likelihood, effect, vulnerability) is applied.
Farahnaz Tohidi
Abstract
The exposure of the major part of the global banking system to the financial crisis of 2007-2009 prompted legislators to increase their regulations and supervision in order to prevent future problems. However, banks must fulfill one of their main tasks which involves the creation of liquidity in the ...
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The exposure of the major part of the global banking system to the financial crisis of 2007-2009 prompted legislators to increase their regulations and supervision in order to prevent future problems. However, banks must fulfill one of their main tasks which involves the creation of liquidity in the economy. The question arises whether more supervision of banks leads to increased bank liquidity? The purpose of this study is to investigate the effect of risk-based supervision on creating liquidity in Iranian banks. To this aim, the data belonging to 15 governmental and private banks in the period of 1394 to 1399 (2015-2020) were analyzed through the combined regression method. To measure liquidity creation, the researcher employed the approach of Berger and Bowman (2009), and the ratio of total due claims and overdue claims to the total bank facilities was used as a risk-based supervision index. The results showed that risk-based supervision has a significant and positive effect on creating liquidity.
farzane tavakoli; esmaeel kalantari; hadi abdi taleb beygi
Abstract
The main purpose of this study is to investigate the effect of discretionary accruals and auditor opinion type on the annual adjustments of companies listed in Tehran Stock Exchange during the years 2015 to 2019. Discretionary accruals and auditor opinion type as independent variables, annual adjustments ...
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The main purpose of this study is to investigate the effect of discretionary accruals and auditor opinion type on the annual adjustments of companies listed in Tehran Stock Exchange during the years 2015 to 2019. Discretionary accruals and auditor opinion type as independent variables, annual adjustments as dependent variables, and financial leverage, company size, growth opportunities, and operating cash flow ratio as control variables were considered. The statistical sample of the research includes 159 companies. The research method is a descriptive-correlation type with an applied approach. The data collection method in the theoretical foundations section is the library method, and in the hypothesis testing section, the document analysis method of financial statements is used. In general, the method for testing hypotheses is the method of correlation and multiple regression. The results of the research showed that the discretionary accruals and the auditor opinion type have a direct and significant effect on the annual adjustments. The results related to the control variables showed that company size and growth opportunities have an inverse and significant effect on annual adjustments. The effect of financial leverage on annual adjustments is direct and significant. Finally, the effect of operating cash flow ratio on annual adjustments is not significant.
