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Enterprise Risk Management (ERM) in Malaysian high performance GLCs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / Mohd Ariff Kasim

The primary research objectives of the study are to investigate the extent of the internal auditors' roles in the implementation of the Enterprise Risk Management (ERM) and to investigate the degree, nature and impact of the ERM implementation towards financial performance. This study mainly fo...

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Main Author:	Kasim, Mohd Ariff
Format:	Thesis
Language:	English
Published:	2011
Subjects:	Management. Industrial Management Organization Business societies
Online Access:	https://ir.uitm.edu.my/id/eprint/40013/1/40013.pdf https://ir.uitm.edu.my/id/eprint/40013/
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id	my.uitm.ir.40013
record_format	eprints
spelling	my.uitm.ir.400132022-04-07T00:57:49Z https://ir.uitm.edu.my/id/eprint/40013/ Enterprise Risk Management (ERM) in Malaysian high performance GLCs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / Mohd Ariff Kasim Kasim, Mohd Ariff Management. Industrial Management Organization Business societies The primary research objectives of the study are to investigate the extent of the internal auditors' roles in the implementation of the Enterprise Risk Management (ERM) and to investigate the degree, nature and impact of the ERM implementation towards financial performance. This study mainly focuses on the High Performance (Government-Linked Companies) GLCs as these companies are the key players in the Malaysian economy. Careful and thorough steps were taken to develop the research instruments and perform all the relevant statistical analysis in achieving the research objectives. The primary data collection was through a questionnaire survey. The results of the stepwise and hierarchical multiple regressions indicated that the degree of the internal auditors' roles in the ERM could strengthen the relationship between the level of compliance by internal auditors towards the Professional Practice Framework (PPF) and the level of the ERM implementation. The internal audit level of compliance was also found to have a direct relationship towards the ERM implementation. The nature of the internal auditors' involvement in the ERM implementation was consistent with the recommendations in the Institute of Internal Auditors (IIA) position paper on the role of internal auditors in the ERM. The reality behind the adoption and implementation of the ERM is far from the ideal philosophy of the ERM. There is no strong association on the degree of the ERM implementation and the financial performance. The overall process of implementing the ERM demands for more serious attention. This study demonstrates the applicability of both the agency and stewardship theories in explaining the role of internal auditors in the ERM. Interestingly this study also provides comparative analysis between banking and non-banking industries. The internal auditors in the banking industry were found to perform more of their ERM assurance roles while the internal auditors in the non-banking industry were reported to perform almost equal proportion of their ERM assurance and consulting roles. The ERM is largely market-driven and most of the existing assessment tools have been developed by consultant. The present study had integrated the input from the internal audit professional body, internal auditors, review of previous works and relevant theoretical foundation. The study also served as among the first few attempt to bridge the gap in the literature by providing empirical support that significance to the body of knowledge. 2011-01 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/40013/1/40013.pdf (2011) Enterprise Risk Management (ERM) in Malaysian high performance GLCs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / Mohd Ariff Kasim. PhD thesis, thesis, Universiti Teknologi MARA.
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Management. Industrial Management Organization Business societies
spellingShingle	Management. Industrial Management Organization Business societies Kasim, Mohd Ariff Enterprise Risk Management (ERM) in Malaysian high performance GLCs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / Mohd Ariff Kasim
description	The primary research objectives of the study are to investigate the extent of the internal auditors' roles in the implementation of the Enterprise Risk Management (ERM) and to investigate the degree, nature and impact of the ERM implementation towards financial performance. This study mainly focuses on the High Performance (Government-Linked Companies) GLCs as these companies are the key players in the Malaysian economy. Careful and thorough steps were taken to develop the research instruments and perform all the relevant statistical analysis in achieving the research objectives. The primary data collection was through a questionnaire survey. The results of the stepwise and hierarchical multiple regressions indicated that the degree of the internal auditors' roles in the ERM could strengthen the relationship between the level of compliance by internal auditors towards the Professional Practice Framework (PPF) and the level of the ERM implementation. The internal audit level of compliance was also found to have a direct relationship towards the ERM implementation. The nature of the internal auditors' involvement in the ERM implementation was consistent with the recommendations in the Institute of Internal Auditors (IIA) position paper on the role of internal auditors in the ERM. The reality behind the adoption and implementation of the ERM is far from the ideal philosophy of the ERM. There is no strong association on the degree of the ERM implementation and the financial performance. The overall process of implementing the ERM demands for more serious attention. This study demonstrates the applicability of both the agency and stewardship theories in explaining the role of internal auditors in the ERM. Interestingly this study also provides comparative analysis between banking and non-banking industries. The internal auditors in the banking industry were found to perform more of their ERM assurance roles while the internal auditors in the non-banking industry were reported to perform almost equal proportion of their ERM assurance and consulting roles. The ERM is largely market-driven and most of the existing assessment tools have been developed by consultant. The present study had integrated the input from the internal audit professional body, internal auditors, review of previous works and relevant theoretical foundation. The study also served as among the first few attempt to bridge the gap in the literature by providing empirical support that significance to the body of knowledge.
format	Thesis
author	Kasim, Mohd Ariff
author_facet	Kasim, Mohd Ariff
author_sort	Kasim, Mohd Ariff
title	Enterprise Risk Management (ERM) in Malaysian high performance GLCs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / Mohd Ariff Kasim
title_short	Enterprise Risk Management (ERM) in Malaysian high performance GLCs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / Mohd Ariff Kasim
title_full	Enterprise Risk Management (ERM) in Malaysian high performance GLCs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / Mohd Ariff Kasim
title_fullStr	Enterprise Risk Management (ERM) in Malaysian high performance GLCs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / Mohd Ariff Kasim
title_full_unstemmed	Enterprise Risk Management (ERM) in Malaysian high performance GLCs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / Mohd Ariff Kasim
title_sort	enterprise risk management (erm) in malaysian high performance glcs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / mohd ariff kasim
publishDate	2011
url	https://ir.uitm.edu.my/id/eprint/40013/1/40013.pdf https://ir.uitm.edu.my/id/eprint/40013/
_version_	1729707465314926592
score	13.211869

Enterprise Risk Management (ERM) in Malaysian high performance GLCs: a study of the status of implementation, the role of internal audit and the impact on organisational performance / Mohd Ariff Kasim

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