The Value Creation Mechanism of Internal Control Transformation Driven by Digitalization Based on Business Management Practice
Abstract
work of the business management practice. The paper constructs a framework of systematic literature review and theoretical analysis based
on evidence of enterprises that reveal three inter-related technological enablers automation, integration, and intelligence that together trans
form internal control as a compliance-focused role, to a strategic value creation. The results indicate that there exist three clear value creation
streams, namely, the operational value, which can be achieved by efficiency gains and cost cutting, the strategic value, which may be attained
by enhanced decision making and organizational agility and finally the relational value, which can become attained by heightened stakeholder
trust and lowered cost of capital.
Keywords
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DOI: http://dx.doi.org/10.70711/memf.v3i5.9077
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