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Title: Rotation within the control framework of Maltese banks : an analysis
Authors: Micallef, Luke
Keywords: Banks and banking -- Malta
Job rotation -- Malta
Auditing, Internal -- Malta
Issue Date: 2016
Abstract: Purpose: The purpose of this study is to analyse the nature and extent to which job rotation is implemented within the internal control framework of Maltese core and non-core banks. Furthermore, the study aims to evaluate fundamental benefits which arise from the implementation of job rotation. Design : These objectives have been achieved through six semi-structured interviews with core banks. These were further supplemented by five asynchronous electronic interviews with non-core banks. Findings : The study has revealed that at present only two core banks have adopted job rotation as an integral part of their internal control framework. However, findings indicate that a further three core banks intend to introduce job rotation as an internal control measure in the forthcoming years. On the other hand, the remaining credit institutions, comprising one core and five non-core banks, have stated that they do not intend to introduce such a policy primarily due to their limited financial and human resources. Moreover, most tasks require highly specialised employees, thus restricting further the possible introduction of job rotation. The study has further revealed that implementation of a job rotation policy helps considerably to prevent fraudulent activity and reduce dependency on key employees. Conclusions : The study concludes that whilst the current adoption rate of job rotation is nominal, this is expected to increase among core banks in the coming years in view of significant benefits which can be achieved. Moreover, it would be worthy for banks of a smaller size to consider the introduction of job rotation among prospective employees as a means to create a more flexible workforce, thus reducing employee dependency. Value : This study is significant when considering the banking industry’s wide implications on the local economy. In this respect, job rotation is presented as an additional internal control measure which Maltese credit institutions could introduce in order to solidify their internal control frameworks.
Description: M.ACCTY.
Appears in Collections:Dissertations - FacEma - 2016
Dissertations - FacEMAAcc - 2016

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