Internal audit and risk management practices among public universities in Malaysia

This paper aims to explore the level of risk management practices in public universities in Malaysia and the role of internal audit in risk management practices. It is one of the few studies on risk management in public universities in emerging economies. It provides insights on changes in internal...

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Main Authors:	Wan Mustapha, Wan Musnida, Zainal Abidin, Nor Hafizah
Format:	Article
Language:	English
Published:	Institut Perakaunan Negara, Jabatan Akauntan Negara Malaysia 2017
Subjects:	HF5601 Accounting. Bookkeeping LB2300 Higher Education
Online Access:	http://irep.iium.edu.my/63369/ http://irep.iium.edu.my/63369/ http://irep.iium.edu.my/63369/1/63369_Internal%20Audit%20and%20Risk%20Management.pdf

id	iium-63369
recordtype	eprints
spelling	iium-633692018-04-13T03:36:13Z http://irep.iium.edu.my/63369/ Internal audit and risk management practices among public universities in Malaysia Wan Mustapha, Wan Musnida Zainal Abidin, Nor Hafizah HF5601 Accounting. Bookkeeping LB2300 Higher Education This paper aims to explore the level of risk management practices in public universities in Malaysia and the role of internal audit in risk management practices. It is one of the few studies on risk management in public universities in emerging economies. It provides insights on changes in internal audit and risk management practices in public universities in response to external and internal forces on the Malaysian education sector. In gathering the perceptions of internal auditors on the subject matter studied, the questionnaire survey was distributed by hand to internal auditors at 20 Malaysian public universities. Due to the exploratory nature of the study, the responses were analysed using descriptive statistical analysis. The findings show that all Malaysian public universities have an internal audit unit, which is in line with the requirement of Treasury Circular Nos. 9/2004 and PS 3.1/2013. Two-thirds of the respondents are involved in evaluating the effectiveness of the risk management process. An older public university already achieved an advanced level with an established risk management practices.at. Meanwhile, majority of the newer public universities still have a basic or developing level of risk management practices. Institut Perakaunan Negara, Jabatan Akauntan Negara Malaysia 2017 Article PeerReviewed application/pdf en http://irep.iium.edu.my/63369/1/63369_Internal%20Audit%20and%20Risk%20Management.pdf Wan Mustapha, Wan Musnida and Zainal Abidin, Nor Hafizah (2017) Internal audit and risk management practices among public universities in Malaysia. IPN Journal of Research and Practice in Public Sector Accounting and Management, 7. pp. 1-14. ISSN 2180-4508 http://www.anm.gov.my/index.php/direktori-ag/maklumat-bahagian/institut-perakaunan-negara-ipn
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF5601 Accounting. Bookkeeping LB2300 Higher Education
spellingShingle	HF5601 Accounting. Bookkeeping LB2300 Higher Education Wan Mustapha, Wan Musnida Zainal Abidin, Nor Hafizah Internal audit and risk management practices among public universities in Malaysia
description	This paper aims to explore the level of risk management practices in public universities in Malaysia and the role of internal audit in risk management practices. It is one of the few studies on risk management in public universities in emerging economies. It provides insights on changes in internal audit and risk management practices in public universities in response to external and internal forces on the Malaysian education sector. In gathering the perceptions of internal auditors on the subject matter studied, the questionnaire survey was distributed by hand to internal auditors at 20 Malaysian public universities. Due to the exploratory nature of the study, the responses were analysed using descriptive statistical analysis. The findings show that all Malaysian public universities have an internal audit unit, which is in line with the requirement of Treasury Circular Nos. 9/2004 and PS 3.1/2013. Two-thirds of the respondents are involved in evaluating the effectiveness of the risk management process. An older public university already achieved an advanced level with an established risk management practices.at. Meanwhile, majority of the newer public universities still have a basic or developing level of risk management practices.
format	Article
author	Wan Mustapha, Wan Musnida Zainal Abidin, Nor Hafizah
author_facet	Wan Mustapha, Wan Musnida Zainal Abidin, Nor Hafizah
author_sort	Wan Mustapha, Wan Musnida
title	Internal audit and risk management practices among public universities in Malaysia
title_short	Internal audit and risk management practices among public universities in Malaysia
title_full	Internal audit and risk management practices among public universities in Malaysia
title_fullStr	Internal audit and risk management practices among public universities in Malaysia
title_full_unstemmed	Internal audit and risk management practices among public universities in Malaysia
title_sort	internal audit and risk management practices among public universities in malaysia
publisher	Institut Perakaunan Negara, Jabatan Akauntan Negara Malaysia
publishDate	2017
url	http://irep.iium.edu.my/63369/ http://irep.iium.edu.my/63369/ http://irep.iium.edu.my/63369/1/63369_Internal%20Audit%20and%20Risk%20Management.pdf
first_indexed	2023-09-18T21:29:53Z
last_indexed	2023-09-18T21:29:53Z
_version_	1777412439638278144

Internal audit and risk management practices among public universities in Malaysia

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