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A case study of internal control practices in Islamic non-profit organizations in Malaysia

This paper presents the current internal control practices of Islamic non-profit organizations in Malaysia. This study employs comparative case study method by using interview for its data collecting approach. Three Islamic non-profit organizations with similar characteristics were selected as sampl...

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Main Authors: Muhammad Iqmal Hisham Kamaruddin,, Nathasa Mazna Ramli,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2017
Online Access:http://journalarticle.ukm.my/11963/1/16328-62474-1-PB.pdf
http://journalarticle.ukm.my/11963/
http://ejournal.ukm.my/ajac/issue/view/1033
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spelling my-ukm.journal.119632018-07-26T01:19:45Z http://journalarticle.ukm.my/11963/ A case study of internal control practices in Islamic non-profit organizations in Malaysia Muhammad Iqmal Hisham Kamaruddin, Nathasa Mazna Ramli, This paper presents the current internal control practices of Islamic non-profit organizations in Malaysia. This study employs comparative case study method by using interview for its data collecting approach. Three Islamic non-profit organizations with similar characteristics were selected as samples for this study. Findings showed that several similarities in internal control practices aspects such as segregation of duties, authorisation of transactions and documentation of records in the organizations. Different practices were also identified, especially in physical control over assets and records and independent checks on performance aspects. The study found inadequate physical control over assets and records, such as installation of alarm and CCTV camera, hiring a guard over premises and also a barrier to financial documentations and room. Also two out of three Islamic non-profit organizations did not practise internal audit processes for independent checks on performance. Based on these findings, several suggestions were highlighted for improvement. This paper also identified issues and challenges in the internal control practices, such as lack of financial staff, low equipped physical control tools, not assigning internal auditor for frequent review over operation purposes and financial limitation. Penerbit Universiti Kebangsaan Malaysia 2017 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/11963/1/16328-62474-1-PB.pdf Muhammad Iqmal Hisham Kamaruddin, and Nathasa Mazna Ramli, (2017) A case study of internal control practices in Islamic non-profit organizations in Malaysia. Asian Journal of Accounting and Governance, 8 . pp. 13-25. ISSN 2180-3838 http://ejournal.ukm.my/ajac/issue/view/1033
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description This paper presents the current internal control practices of Islamic non-profit organizations in Malaysia. This study employs comparative case study method by using interview for its data collecting approach. Three Islamic non-profit organizations with similar characteristics were selected as samples for this study. Findings showed that several similarities in internal control practices aspects such as segregation of duties, authorisation of transactions and documentation of records in the organizations. Different practices were also identified, especially in physical control over assets and records and independent checks on performance aspects. The study found inadequate physical control over assets and records, such as installation of alarm and CCTV camera, hiring a guard over premises and also a barrier to financial documentations and room. Also two out of three Islamic non-profit organizations did not practise internal audit processes for independent checks on performance. Based on these findings, several suggestions were highlighted for improvement. This paper also identified issues and challenges in the internal control practices, such as lack of financial staff, low equipped physical control tools, not assigning internal auditor for frequent review over operation purposes and financial limitation.
format Article
author Muhammad Iqmal Hisham Kamaruddin,
Nathasa Mazna Ramli,
spellingShingle Muhammad Iqmal Hisham Kamaruddin,
Nathasa Mazna Ramli,
A case study of internal control practices in Islamic non-profit organizations in Malaysia
author_facet Muhammad Iqmal Hisham Kamaruddin,
Nathasa Mazna Ramli,
author_sort Muhammad Iqmal Hisham Kamaruddin,
title A case study of internal control practices in Islamic non-profit organizations in Malaysia
title_short A case study of internal control practices in Islamic non-profit organizations in Malaysia
title_full A case study of internal control practices in Islamic non-profit organizations in Malaysia
title_fullStr A case study of internal control practices in Islamic non-profit organizations in Malaysia
title_full_unstemmed A case study of internal control practices in Islamic non-profit organizations in Malaysia
title_sort case study of internal control practices in islamic non-profit organizations in malaysia
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2017
url http://journalarticle.ukm.my/11963/1/16328-62474-1-PB.pdf
http://journalarticle.ukm.my/11963/
http://ejournal.ukm.my/ajac/issue/view/1033
_version_ 1643738653085663232
score 13.211869

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