Internal audit function in relation to Enterprise-Wide Risk Management (EWRM) practices
his paper examines the internal audit roles and functions in Enterprise-Wide Risk Management (EWRM) practices of Public Listed Companies (PLCs) in service sector. A triangulation approach was adopted to obtain an enriched data collection and analysis for the study. From a survey analysis, the findin...
| Үндсэн зохиолчид: | , , |
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| Формат: | Өгүүллэг |
| Хэл сонгох: | English |
| Хэвлэсэн: |
Scientific & Academic Publishing
2013
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| Нөхцлүүд: | |
| Онлайн хандалт: | https://repo.uum.edu.my/id/eprint/15402/1/10..pdf |
| _version_ | 1825803530363994112 |
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| author | Ab. Wahab, Norlida Hussin, Mohd Rasid Kassim, Isahak |
| author_facet | Ab. Wahab, Norlida Hussin, Mohd Rasid Kassim, Isahak |
| author_sort | Ab. Wahab, Norlida |
| collection | UUM |
| description | his paper examines the internal audit roles and functions in Enterprise-Wide Risk Management (EWRM) practices of Public Listed Companies (PLCs) in service sector. A triangulation approach was adopted to obtain an enriched data collection and analysis for the study. From a survey analysis, the findings showed that 85.7 percent of EWRM programs in financial companies were under the direct supervision of a risk management department as compared to only 34.1 percent in non-financial companies. This result was quite surprising, as more than half (51.3 percent) of the EWRM programs in non-financial companies were actually under the supervision of an internal audit department. However, only 47.2 percent of the companies were found to have their own internal audit, while 52.6 percent reported that they outsourced their audit activities. Quite interestingly, the overall result from a case study analysis found that the internal auditor plays a dual function, as an internal auditor and also as a risk manager. |
| first_indexed | 2024-07-04T05:58:37Z |
| format | Article |
| id | uum-15402 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:58:37Z |
| publishDate | 2013 |
| publisher | Scientific & Academic Publishing |
| record_format | eprints |
| spelling | uum-154022018-04-19T06:32:16Z https://repo.uum.edu.my/id/eprint/15402/ Internal audit function in relation to Enterprise-Wide Risk Management (EWRM) practices Ab. Wahab, Norlida Hussin, Mohd Rasid Kassim, Isahak HD61 Risk Management his paper examines the internal audit roles and functions in Enterprise-Wide Risk Management (EWRM) practices of Public Listed Companies (PLCs) in service sector. A triangulation approach was adopted to obtain an enriched data collection and analysis for the study. From a survey analysis, the findings showed that 85.7 percent of EWRM programs in financial companies were under the direct supervision of a risk management department as compared to only 34.1 percent in non-financial companies. This result was quite surprising, as more than half (51.3 percent) of the EWRM programs in non-financial companies were actually under the supervision of an internal audit department. However, only 47.2 percent of the companies were found to have their own internal audit, while 52.6 percent reported that they outsourced their audit activities. Quite interestingly, the overall result from a case study analysis found that the internal auditor plays a dual function, as an internal auditor and also as a risk manager. Scientific & Academic Publishing 2013 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/15402/1/10..pdf Ab. Wahab, Norlida and Hussin, Mohd Rasid and Kassim, Isahak (2013) Internal audit function in relation to Enterprise-Wide Risk Management (EWRM) practices. International Journal of Finance and Accounting, 2 (2). pp. 61-66. ISSN 2168-4812 http://article.sapub.org/10.5923.j.ijfa.20130202.02.html |
| spellingShingle | HD61 Risk Management Ab. Wahab, Norlida Hussin, Mohd Rasid Kassim, Isahak Internal audit function in relation to Enterprise-Wide Risk Management (EWRM) practices |
| title | Internal audit function in relation to Enterprise-Wide Risk Management (EWRM) practices |
| title_full | Internal audit function in relation to Enterprise-Wide Risk Management (EWRM) practices |
| title_fullStr | Internal audit function in relation to Enterprise-Wide Risk Management (EWRM) practices |
| title_full_unstemmed | Internal audit function in relation to Enterprise-Wide Risk Management (EWRM) practices |
| title_short | Internal audit function in relation to Enterprise-Wide Risk Management (EWRM) practices |
| title_sort | internal audit function in relation to enterprise wide risk management ewrm practices |
| topic | HD61 Risk Management |
| url | https://repo.uum.edu.my/id/eprint/15402/1/10..pdf |
| work_keys_str_mv | AT abwahabnorlida internalauditfunctioninrelationtoenterprisewideriskmanagementewrmpractices AT hussinmohdrasid internalauditfunctioninrelationtoenterprisewideriskmanagementewrmpractices AT kassimisahak internalauditfunctioninrelationtoenterprisewideriskmanagementewrmpractices |