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:
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
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