Analysing the human capital capabilities in the enterprise risk management function of South Africa’s public institutions
- Authors: Moloi, Tankiso
- Date: 2018
- Subjects: Enterprise risk management , Human capital , Public sector
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/278361 , uj:29869 , Citation: Moloi, T. (2018). Analysing the human capital capabilities in the enterprise risk management function of South Africa’s public institutions. Business and Economic Horizons, 14(2), 375-388. http://dx.doi.org/10.15208/beh.2018.27 , ISSN: 1804-5006
- Description: Abstract: The weak control environment in South Africa’s public sector has, in the past, resulted in high levels of irregular, fruitless and wasteful, and unauthorised expenditure. In order to make a contribution to the discourse of mechanisms that could be deployed to reduce high levels of irregular, fruitless and wasteful, and unauthorised expenditure, this study analysed the capabilities of the human capital deployed in South Africa’s public sector. Together with the National Treasury in the Office of the Accountant General, a questionnaire was designed and administered to the public institution’s Chief Risk Officers in the first quarter of 2017. The findings of the study are that inadequate risk management processes and ineffective practices that are partly responsible for the weak control environment in public institutions, could also be attributed to the capabilities of the human capital deployed in enterprise risk management functions. In this regard, the study found that some of the reasons for the inadequate risk management processes and ineffective practices stemmed from: the inadequate staffing of the enterprise risk management function; positions not being filled by candidates with adequate academic qualifications and experience; the time it takes to fill a vacant position; and inadequate budget allocations. When institutions address risk maturity, policies, processes, and practices, focus must simultaneously be directed to the human capabilities deployed within the risk management function.
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- Authors: Moloi, Tankiso
- Date: 2018
- Subjects: Enterprise risk management , Human capital , Public sector
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/278361 , uj:29869 , Citation: Moloi, T. (2018). Analysing the human capital capabilities in the enterprise risk management function of South Africa’s public institutions. Business and Economic Horizons, 14(2), 375-388. http://dx.doi.org/10.15208/beh.2018.27 , ISSN: 1804-5006
- Description: Abstract: The weak control environment in South Africa’s public sector has, in the past, resulted in high levels of irregular, fruitless and wasteful, and unauthorised expenditure. In order to make a contribution to the discourse of mechanisms that could be deployed to reduce high levels of irregular, fruitless and wasteful, and unauthorised expenditure, this study analysed the capabilities of the human capital deployed in South Africa’s public sector. Together with the National Treasury in the Office of the Accountant General, a questionnaire was designed and administered to the public institution’s Chief Risk Officers in the first quarter of 2017. The findings of the study are that inadequate risk management processes and ineffective practices that are partly responsible for the weak control environment in public institutions, could also be attributed to the capabilities of the human capital deployed in enterprise risk management functions. In this regard, the study found that some of the reasons for the inadequate risk management processes and ineffective practices stemmed from: the inadequate staffing of the enterprise risk management function; positions not being filled by candidates with adequate academic qualifications and experience; the time it takes to fill a vacant position; and inadequate budget allocations. When institutions address risk maturity, policies, processes, and practices, focus must simultaneously be directed to the human capabilities deployed within the risk management function.
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Benefits of legislating cryptocurrencies : perception of Nigerian professional accountants
- Salawu, Mary Kehinde, Moloi, Tankiso
- Authors: Salawu, Mary Kehinde , Moloi, Tankiso
- Date: 2018
- Subjects: Bitcoin , Cryptocurrencies , Legislation
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/289788 , uj:31448 , Citation: Salawu, M.K. & Moloi, T. 2018. Benefits of legislating cryptocurrencies : perception of Nigerian professional accountants. Academy of Accounting and Financial Studies Journal, Volume 22, Issue 6, 2018
- Description: Abstract: This study was undertaken to ascertain the view of Nigerian Professional Accountants towards legislating cryptocurrency in Nigeria. It also examined four of the ostensible benefits which at the same time constitute risks, from the legislation of cryptocurrency. Quantitative data were sourced from the respondents through the administration of a structured questionnaire. The population for the study comprised a stratified group of 1,300 Chartered Accountants among whom were Tax Practitioners, Financial Analysts, Statutory Auditors, Bankers, Accountants, Lawyers, Lecturers and other specialists in the field of Accounting. A sample of 250 Practitioners was conveniently selected for the study. Data were analysed using descriptive statistics. Results revealed that the Professional Accountants in Nigeria are willing to operate in the Cryptocurrency environment provided the Government would legislate its use. The study concluded that the legislation of Cryptocurrency or its modified form by the Federal Government of Nigeria is desirable for the protection of her economy as well as the interest of her citizens. However, government must take holistic view of the economy and scrutinize every relevant factor in the purview of the law to ensure the legislative decision is in the interest of the entire citizens.
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- Authors: Salawu, Mary Kehinde , Moloi, Tankiso
- Date: 2018
- Subjects: Bitcoin , Cryptocurrencies , Legislation
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/289788 , uj:31448 , Citation: Salawu, M.K. & Moloi, T. 2018. Benefits of legislating cryptocurrencies : perception of Nigerian professional accountants. Academy of Accounting and Financial Studies Journal, Volume 22, Issue 6, 2018
- Description: Abstract: This study was undertaken to ascertain the view of Nigerian Professional Accountants towards legislating cryptocurrency in Nigeria. It also examined four of the ostensible benefits which at the same time constitute risks, from the legislation of cryptocurrency. Quantitative data were sourced from the respondents through the administration of a structured questionnaire. The population for the study comprised a stratified group of 1,300 Chartered Accountants among whom were Tax Practitioners, Financial Analysts, Statutory Auditors, Bankers, Accountants, Lawyers, Lecturers and other specialists in the field of Accounting. A sample of 250 Practitioners was conveniently selected for the study. Data were analysed using descriptive statistics. Results revealed that the Professional Accountants in Nigeria are willing to operate in the Cryptocurrency environment provided the Government would legislate its use. The study concluded that the legislation of Cryptocurrency or its modified form by the Federal Government of Nigeria is desirable for the protection of her economy as well as the interest of her citizens. However, government must take holistic view of the economy and scrutinize every relevant factor in the purview of the law to ensure the legislative decision is in the interest of the entire citizens.
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Educating the next generation in finances for a resourced, stable, and responsible South Africa
- Moloi, Tankiso, Madikizela, Boniswa
- Authors: Moloi, Tankiso , Madikizela, Boniswa
- Date: 2018
- Subjects: Accounting qualification , Financial literacy , Indebtedness
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/278369 , uj:29870 , Citation: Moloi, T. & Madikizela, B. 2018. Educating the next generation in finances for a resourced, stable, and responsible South Africa. Journal of Accounting and Management 2018, vol.: 08; no.: 01; page 61 - 70.
- Description: Abstract: This paper is part of a working paper series in responsible financial management in the South African context. In this paper we examine the aggregate level of household indebtedness, the historical levels of unsecured loans, and the statistics of civil cases for debt. On the basis of our literature review, we observed that South Africans, in general, are heavily indebted. The authors are of the view that the bleak picture painted by reports covered in our literature review is symptomatic of the low levels of financial literacy in South African society. Thus, it was deemed crucial that the next generation is surveyed to estimate their financial literacy maturity. In this regard, the financial literacy levels of students that are studying towards an accountancy qualification in the South African context were surveyed. This survey was carried out in order to determine their grasp of the use of funds in the context of debt and spending. In terms of the research approach, this study followed the Jump$tart Coalition’s criteria for determining levels of financial literacy. Accordingly, a mean score below 60% is considered financially illiterate. Results indicate that on aggregate, students that are studying towards an accountancy qualification scored 63.49%, which is close to a level deemed financially illiterate by the Jump$tart Coalition. This confirms our assumption that in general, South Africa has a low level of financial literacy.
- Full Text:
- Authors: Moloi, Tankiso , Madikizela, Boniswa
- Date: 2018
- Subjects: Accounting qualification , Financial literacy , Indebtedness
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/278369 , uj:29870 , Citation: Moloi, T. & Madikizela, B. 2018. Educating the next generation in finances for a resourced, stable, and responsible South Africa. Journal of Accounting and Management 2018, vol.: 08; no.: 01; page 61 - 70.
- Description: Abstract: This paper is part of a working paper series in responsible financial management in the South African context. In this paper we examine the aggregate level of household indebtedness, the historical levels of unsecured loans, and the statistics of civil cases for debt. On the basis of our literature review, we observed that South Africans, in general, are heavily indebted. The authors are of the view that the bleak picture painted by reports covered in our literature review is symptomatic of the low levels of financial literacy in South African society. Thus, it was deemed crucial that the next generation is surveyed to estimate their financial literacy maturity. In this regard, the financial literacy levels of students that are studying towards an accountancy qualification in the South African context were surveyed. This survey was carried out in order to determine their grasp of the use of funds in the context of debt and spending. In terms of the research approach, this study followed the Jump$tart Coalition’s criteria for determining levels of financial literacy. Accordingly, a mean score below 60% is considered financially illiterate. Results indicate that on aggregate, students that are studying towards an accountancy qualification scored 63.49%, which is close to a level deemed financially illiterate by the Jump$tart Coalition. This confirms our assumption that in general, South Africa has a low level of financial literacy.
- Full Text:
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