Internal audit and risk management practices in Malaysian higher education institutions

Increasing trends of malpractices case among the HEI raised major concerns towards integrity and accountability of HEI in managing the public fund. There are growing interests among the public HEIs in establishing risk management and internal audit practices. This study addresses the extent of risk...

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Main Authors: Wan Mustapha, Wan Musnida, Zainal Abidin , Nor Hafizah, Zakaria, Zamzulaila
Format: Proceeding Paper
Language:English
English
Published: 2015
Subjects:
Online Access:http://irep.iium.edu.my/47503/1/AAMC2015-Proceedings_text.pdf
http://irep.iium.edu.my/47503/4/47503.pdf
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author Wan Mustapha, Wan Musnida
Zainal Abidin , Nor Hafizah
Zakaria, Zamzulaila
author_facet Wan Mustapha, Wan Musnida
Zainal Abidin , Nor Hafizah
Zakaria, Zamzulaila
author_sort Wan Mustapha, Wan Musnida
collection IIUM
description Increasing trends of malpractices case among the HEI raised major concerns towards integrity and accountability of HEI in managing the public fund. There are growing interests among the public HEIs in establishing risk management and internal audit practices. This study addresses the extent of risk management practices in HEI and role of internal audit on risk management process. Findings show that all public HEIs do have an internal audit unit which is in line with the requirement of Treasury Circular No. 2/2004. Almost more than two third of the respondents involve in evaluating the effectiveness of risk management process. Two older HEIs already have established and advanced level of risk management process. While, majority of the newer HEIs are still in level of basis and developing stage of risk management process. The findings provide insights on current practices of public HEIs in the area of risk management and internal audit.
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spelling oai:generic.eprints.org:475032016-02-18T00:51:20Z http://irep.iium.edu.my/47503/ Internal audit and risk management practices in Malaysian higher education institutions Wan Mustapha, Wan Musnida Zainal Abidin , Nor Hafizah Zakaria, Zamzulaila HF5001 Business. Business Administration Increasing trends of malpractices case among the HEI raised major concerns towards integrity and accountability of HEI in managing the public fund. There are growing interests among the public HEIs in establishing risk management and internal audit practices. This study addresses the extent of risk management practices in HEI and role of internal audit on risk management process. Findings show that all public HEIs do have an internal audit unit which is in line with the requirement of Treasury Circular No. 2/2004. Almost more than two third of the respondents involve in evaluating the effectiveness of risk management process. Two older HEIs already have established and advanced level of risk management process. While, majority of the newer HEIs are still in level of basis and developing stage of risk management process. The findings provide insights on current practices of public HEIs in the area of risk management and internal audit. 2015-10-02 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/47503/1/AAMC2015-Proceedings_text.pdf application/pdf en http://irep.iium.edu.my/47503/4/47503.pdf Wan Mustapha, Wan Musnida and Zainal Abidin , Nor Hafizah and Zakaria, Zamzulaila (2015) Internal audit and risk management practices in Malaysian higher education institutions. In: The 11th Asian Academy of Management International Conference 2015 (AAMC 2015), 2nd-4th October, Park Royal Hotel, Penang.
spellingShingle HF5001 Business. Business Administration
Wan Mustapha, Wan Musnida
Zainal Abidin , Nor Hafizah
Zakaria, Zamzulaila
Internal audit and risk management practices in Malaysian higher education institutions
title Internal audit and risk management practices in Malaysian higher education institutions
title_full Internal audit and risk management practices in Malaysian higher education institutions
title_fullStr Internal audit and risk management practices in Malaysian higher education institutions
title_full_unstemmed Internal audit and risk management practices in Malaysian higher education institutions
title_short Internal audit and risk management practices in Malaysian higher education institutions
title_sort internal audit and risk management practices in malaysian higher education institutions
topic HF5001 Business. Business Administration
url http://irep.iium.edu.my/47503/1/AAMC2015-Proceedings_text.pdf
http://irep.iium.edu.my/47503/4/47503.pdf
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