IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i9p5366-d805377.html
   My bibliography  Save this article

Compliance of Management Practices Instituted in the Third Sector Based on Governance Guidelines Established by Brazilian Organizations

Author

Listed:
  • Vilma Geni Slomski

    (Programa de Pós-Graduação em Ciências Contábeis (PPGCC) do Centro Universitário da Fundação Escola de Comércio Álvares Penteado (Unifecap), São Paulo 01502-001, Brazil)

  • Agnes Aparecida de Britto

    (Programa de Pós-Graduação em Ciências Contábeis (PPGCC) do Centro Universitário da Fundação Escola de Comércio Álvares Penteado (Unifecap), São Paulo 01502-001, Brazil)

  • Valmor Slomski

    (Departamento de Contabilidade da Faculdade de Economia, Administração e Contabilidade, Universidade de São Paulo—EAC/FEA/USP, São Paulo 01005-010, Brazil)

  • Ana Lúcia Fontes de Souza Vasconcelos

    (Programa de Pós-Graduação em Ciências Contábeis (PPGCC) da Universidade Federal de Pernambuco (UFPE), Pernambuco 50670-901, Brazil)

  • Leonardo Fabris Lugoboni

    (Accounting Department at the Universidade Federal de São Paulo (UNIFESP), São Paulo 01005-010, Brazil)

  • Joshua Onome Imoniana

    (Departamento de Contabilidade da Faculdade de Economia, Administração e Contabilidade, Universidade de São Paulo—EAC/FEA/USP, São Paulo 01005-010, Brazil)

Abstract

This study aimed to determine the compliance of management practices instituted in a third sector entity based on governance guidelines established by Brazilian organizations. It was exploratory qualitative research. Data were collected through in-depth interviews and documentary analysis; data analysis was performed by content analysis. The researched entity has a structure that meets the compliance function composed of three axes: (a) normative, referring to the adoption and formalization of the integrity program from instances, mechanisms and procedures dealing with ethical conduct, internal controls, laws, rules, regulations and risk management to which the entity is exposed, with complete adherence to the guidelines; (b) commercial, referring to the adoption and formalization of mechanisms covering relationships with partners, customers and suppliers, such as the accountability of funds raised; however, contingencies arising from the COVID-19 pandemic required mechanisms not yet foreseen for the accountability of resources from private donations. This axis had low adherence to the guidelines: (c) organizational, referring to the adherence and commitment of senior management to the policies instituted with a view to preserving the net worth, a financial sustainability and corporate social responsibility with almost complete adherence to the tested guidelines. In conclusion, organizations that depend on resources need an institutionalized compliance structure to ensure high levels of adherence, because as they become more reliable, they will receive more credibility and legitimacy. This study, based on the perceptions of managers, contributes to demonstrate the relevance of governance and the establishment of a culture of compliance in the third sector.

Suggested Citation

  • Vilma Geni Slomski & Agnes Aparecida de Britto & Valmor Slomski & Ana Lúcia Fontes de Souza Vasconcelos & Leonardo Fabris Lugoboni & Joshua Onome Imoniana, 2022. "Compliance of Management Practices Instituted in the Third Sector Based on Governance Guidelines Established by Brazilian Organizations," Sustainability, MDPI, vol. 14(9), pages 1-22, April.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:9:p:5366-:d:805377
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/9/5366/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/9/5366/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ben Suykens & Bert George & Filip De Rynck & Bram Verschuere, 2021. "Determinants of non-profit commercialism. Resource deficits, institutional pressures or organizational contingencies?," Public Management Review, Taylor & Francis Journals, vol. 23(10), pages 1456-1478, October.
    2. Sawsan Saadi Halbouni & Nada Obeid & Abeer Garbou, 2016. "Corporate governance and information technology in fraud prevention and detection: Evidence from the UAE," Managerial Auditing Journal, Emerald Group Publishing, vol. 31(6/7), pages 589-628, June.
    3. Steven De Haes & Wim Van Grembergen, 2015. "Enterprise Governance of Information Technology," Management for Professionals, Springer, edition 2, number 978-3-319-14547-1, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Monica Ramos Montesdeoca & Agustín J. Sánchez Medina & Felix Blázquez Santana, 2019. "Research Topics in Accounting Fraud in the 21st Century: A State of the Art," Sustainability, MDPI, vol. 11(6), pages 1-31, March.
    2. Samer Okour, 2019. "The Impact of the Application of IT Governance According to (COBIT 5) Framework in Reduce Cloud Computing Risks," Modern Applied Science, Canadian Center of Science and Education, vol. 13(7), pages 1-25, July.
    3. Deepa Mangala & Pooja Kumari, 2017. "Auditors’ Perceptions of the Effectiveness of Fraud Prevention and Detection Methods," Indian Journal of Corporate Governance, , vol. 10(2), pages 118-142, December.
    4. Samir Hammami & Omar Durrah & Syed Ahsan Jamil & Mohammedosman Eltigani, 2022. "Engaging Knowledge Capabilities to Sustain the Application of Information Technology Governance in Healthcare Institutions," SAGE Open, , vol. 12(4), pages 21582440221, October.
    5. Mojambo, Gabriel A.M. & Tulung, Joy Elly & Saerang, Regina Trivena, 2020. "The Influence of Top Management Team (TMT) Characteristics Toward Indonesian Banks Financial Performance During The Digital Era (2014-2018)," MPRA Paper 108783, University Library of Munich, Germany.
    6. Hermiyetti, 2022. "SCORRE approach as an instrument for detecting fraudulent financial reporting," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 4(4), pages 118-131, October.
    7. Melita Kozina, 2017. "Approach to e ective management of sustainable development in Nigeria," International Journal of Business and Economic Affairs (IJBEA), Sana N. Maswadeh, vol. 2(6), pages 366-377.
    8. Rehman Ali & Hashim Fathyah, 2020. "Impact of Fraud Risk Assessment on Good Corporate Governance: Case of Public Listed Companies in Oman," Business Systems Research, Sciendo, vol. 11(1), pages 16-30, March.
    9. Sawsan Halbouni & Asifa Yasin, 2016. "Risk Disclosure: Empirical Investigation of UAE Companies’ Compliance with International Accounting Standards," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(8), pages 134-134, July.
    10. Lee, Sangjae & Costello, Francis Joseph & Lee, Kun Chang, 2021. "Hierarchical balanced scorecard-based organizational goals and the efficiency of controls processes," Journal of Business Research, Elsevier, vol. 132(C), pages 270-288.
    11. Töhönen, Harri & Kauppinen, Marjo & Männistö, Tomi & Itälä, Timo, 2020. "A conceptual framework for valuing IT within a business system," International Journal of Accounting Information Systems, Elsevier, vol. 36(C).
    12. Hassan Alghamdi & Lily Sun, 2017. "Business and IT Alignment in Higher Education Sector," International Journal of Technology and Engineering Studies, PROF.IR.DR.Mohid Jailani Mohd Nor, vol. 3(1), pages 01-08.
    13. Sibanda Mabutho & Ramrathan Durrel, 2017. "Influence of Information Technology on Organization Strategy," Foundations of Management, Sciendo, vol. 9(1), pages 191-202, February.
    14. Hazen, Benjamin T. & Bradley, Randy V. & Bell, John E. & In, Joonhwan & Byrd, Terry A., 2017. "Enterprise architecture: A competence-based approach to achieving agility and firm performance," International Journal of Production Economics, Elsevier, vol. 193(C), pages 566-577.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:9:p:5366-:d:805377. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.