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The effectiveness of internal audit function and risk management in the Malaysia consumer products industry / Rohaida Ismail ... [et al.]

Internal audit function (IAF) plays an increasingly important role in the corporate governance landscape in Malaysia. Besides that, IAF also involved in risk management which providing an assurance on the effectiveness of the risk management process. Bursa Malaysia has mandated that companies have t...

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Main Authors: Ismail, Rohaida, Mohd-Saleh, Norman, Yakob, Rubayah, Hussin, Amariah Hanum
Format: Article
Language:English
Published: UiTM Cawangan Negeri Sembilan 2023
Subjects:
HD Industries. Land use. Labor
Internal auditing
Online Access:https://ir.uitm.edu.my/id/eprint/78915/1/78915.pdf
https://ir.uitm.edu.my/id/eprint/78915/
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spelling my.uitm.ir.789152023-06-13T08:03:19Z https://ir.uitm.edu.my/id/eprint/78915/ The effectiveness of internal audit function and risk management in the Malaysia consumer products industry / Rohaida Ismail ... [et al.] joa Ismail, Rohaida Mohd-Saleh, Norman Yakob, Rubayah Hussin, Amariah Hanum HD Industries. Land use. Labor Internal auditing Internal audit function (IAF) plays an increasingly important role in the corporate governance landscape in Malaysia. Besides that, IAF also involved in risk management which providing an assurance on the effectiveness of the risk management process. Bursa Malaysia has mandated that companies have to disclose whether the IAF is performed in-house or outsourced, and the costs incurred in the financial year. Therefore, the purpose of this study is to investigate the association by using these unique data concerning whether IAF have any influence on the enterprise risk management (ERM) effectiveness. The final sample of this study consists of companies from consumer industry which are listed in Bursa Malaysia in the year of 2012 to 2015. Data was further analysed using Ordinary Least Square (OLS) regression analysis to examine the relationship between internal audit function attributes and ERM effectiveness. The findings show that, the amount of investment in internal audit function is significantly related to ERM. However, this study did not find any association between the IAF sourcing arrangement and ERM. The results can only be generalised to the consumer industry companies listed in Bursa Malaysia. This study provides valuable insights into the importance of effectiveness of IAF in monitoring process thus help increase the effectiveness of ERM. UiTM Cawangan Negeri Sembilan 2023-04 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/78915/1/78915.pdf The effectiveness of internal audit function and risk management in the Malaysia consumer products industry / Rohaida Ismail ... [et al.]. (2023) Journal of Academia <https://ir.uitm.edu.my/view/publication/Journal_of_Academia.html>, 11. pp. 19-25. ISSN 2289-6368
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 HD Industries. Land use. Labor
Internal auditing
spellingShingle HD Industries. Land use. Labor
Internal auditing
Ismail, Rohaida
Mohd-Saleh, Norman
Yakob, Rubayah
Hussin, Amariah Hanum
The effectiveness of internal audit function and risk management in the Malaysia consumer products industry / Rohaida Ismail ... [et al.]
description Internal audit function (IAF) plays an increasingly important role in the corporate governance landscape in Malaysia. Besides that, IAF also involved in risk management which providing an assurance on the effectiveness of the risk management process. Bursa Malaysia has mandated that companies have to disclose whether the IAF is performed in-house or outsourced, and the costs incurred in the financial year. Therefore, the purpose of this study is to investigate the association by using these unique data concerning whether IAF have any influence on the enterprise risk management (ERM) effectiveness. The final sample of this study consists of companies from consumer industry which are listed in Bursa Malaysia in the year of 2012 to 2015. Data was further analysed using Ordinary Least Square (OLS) regression analysis to examine the relationship between internal audit function attributes and ERM effectiveness. The findings show that, the amount of investment in internal audit function is significantly related to ERM. However, this study did not find any association between the IAF sourcing arrangement and ERM. The results can only be generalised to the consumer industry companies listed in Bursa Malaysia. This study provides valuable insights into the importance of effectiveness of IAF in monitoring process thus help increase the effectiveness of ERM.
format Article
author Ismail, Rohaida
Mohd-Saleh, Norman
Yakob, Rubayah
Hussin, Amariah Hanum
author_facet Ismail, Rohaida
Mohd-Saleh, Norman
Yakob, Rubayah
Hussin, Amariah Hanum
author_sort Ismail, Rohaida
title The effectiveness of internal audit function and risk management in the Malaysia consumer products industry / Rohaida Ismail ... [et al.]
title_short The effectiveness of internal audit function and risk management in the Malaysia consumer products industry / Rohaida Ismail ... [et al.]
title_full The effectiveness of internal audit function and risk management in the Malaysia consumer products industry / Rohaida Ismail ... [et al.]
title_fullStr The effectiveness of internal audit function and risk management in the Malaysia consumer products industry / Rohaida Ismail ... [et al.]
title_full_unstemmed The effectiveness of internal audit function and risk management in the Malaysia consumer products industry / Rohaida Ismail ... [et al.]
title_sort effectiveness of internal audit function and risk management in the malaysia consumer products industry / rohaida ismail ... [et al.]
publisher UiTM Cawangan Negeri Sembilan
publishDate 2023
url https://ir.uitm.edu.my/id/eprint/78915/1/78915.pdf
https://ir.uitm.edu.my/id/eprint/78915/
_version_ 1769846610649415680
score 13.211869

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