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Examining financial controls practices among religious non-profit organisations: a case study of Malaysia

There have been many financial scandals associated with religious-based non-profit organisations (RNPOs), their involvement in unethical and wrongdoing has pressured non-profit organisations, especially religious-based NPOs (RNPOs) to start adopting highly transparent and accountable financial manag...

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Main Authors: Rozaidy Mahadi, Noor Kaziemah Sariman, Lee, Andy Chen Hiung
Format: Article
Language:English
English
Published: Macrothink Institute 2021
Subjects:
BL1-50 Religion (General)
HJ9-9940 Public finance
Online Access:https://eprints.ums.edu.my/id/eprint/31387/1/Examining%20financial%20controls%20practices%20among%20religious%20non-profit%20organisations.pdf
https://eprints.ums.edu.my/id/eprint/31387/2/Examining%20financial%20controls%20practices%20among%20religious%20non-profit%20organisations1.pdf
https://eprints.ums.edu.my/id/eprint/31387/
https://www.macrothink.org/journal/index.php/csbm/article/view/18115
https://doi.org/10.5296/csbm.v8i2.18115
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spelling my.ums.eprints.313872021-12-13T06:56:28Z https://eprints.ums.edu.my/id/eprint/31387/ Examining financial controls practices among religious non-profit organisations: a case study of Malaysia Rozaidy Mahadi Noor Kaziemah Sariman Lee, Andy Chen Hiung BL1-50 Religion (General) HJ9-9940 Public finance There have been many financial scandals associated with religious-based non-profit organisations (RNPOs), their involvement in unethical and wrongdoing has pressured non-profit organisations, especially religious-based NPOs (RNPOs) to start adopting highly transparent and accountable financial management practices. Despite many efforts to improve the RNPOs’ service quality, their integrity has been tinted with many scandalous incidents of funds embezzlement and corruption. Poor financial accountability and lack of legal requirements are argued to be the underpinning reasons for such financial atrocities occurring. With the absence of sound financial governance and comprehensive financial regulations, it has been impaired the government’s ability to detect, prevent and correct RNPOs’ financial misconduct. To prevent financial misconduct from repeatedly occurring, having cogent financial control practices will ensure the RNPOs upholding their accountability duties to the clients they have served. Therefore, the objective of this paper is to examine Malaysian RNPOs financial controls practices. In doing so, various religious-based NGOs’ (i.e. Islam, Buddha, and Christian) representatives were interviewed, analysed, and appraised with Simon’s (1994) control framework. The findings indicate that the RNPOs financial control practices are mediated by the virtue of the religions that they have adopted, the RNPOs’ affiliation (i.e. local-based, foreign-based, and/or semi-government organisation), and the level of sponsorships and grants they have received. Macrothink Institute 2021 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/31387/1/Examining%20financial%20controls%20practices%20among%20religious%20non-profit%20organisations.pdf text en https://eprints.ums.edu.my/id/eprint/31387/2/Examining%20financial%20controls%20practices%20among%20religious%20non-profit%20organisations1.pdf Rozaidy Mahadi and Noor Kaziemah Sariman and Lee, Andy Chen Hiung (2021) Examining financial controls practices among religious non-profit organisations: a case study of Malaysia. Case Studies in Business and Management, 8. pp. 1-13. ISSN 2333-3324 https://www.macrothink.org/journal/index.php/csbm/article/view/18115 https://doi.org/10.5296/csbm.v8i2.18115
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic BL1-50 Religion (General)
HJ9-9940 Public finance
spellingShingle BL1-50 Religion (General)
HJ9-9940 Public finance
Rozaidy Mahadi
Noor Kaziemah Sariman
Lee, Andy Chen Hiung
Examining financial controls practices among religious non-profit organisations: a case study of Malaysia
description There have been many financial scandals associated with religious-based non-profit organisations (RNPOs), their involvement in unethical and wrongdoing has pressured non-profit organisations, especially religious-based NPOs (RNPOs) to start adopting highly transparent and accountable financial management practices. Despite many efforts to improve the RNPOs’ service quality, their integrity has been tinted with many scandalous incidents of funds embezzlement and corruption. Poor financial accountability and lack of legal requirements are argued to be the underpinning reasons for such financial atrocities occurring. With the absence of sound financial governance and comprehensive financial regulations, it has been impaired the government’s ability to detect, prevent and correct RNPOs’ financial misconduct. To prevent financial misconduct from repeatedly occurring, having cogent financial control practices will ensure the RNPOs upholding their accountability duties to the clients they have served. Therefore, the objective of this paper is to examine Malaysian RNPOs financial controls practices. In doing so, various religious-based NGOs’ (i.e. Islam, Buddha, and Christian) representatives were interviewed, analysed, and appraised with Simon’s (1994) control framework. The findings indicate that the RNPOs financial control practices are mediated by the virtue of the religions that they have adopted, the RNPOs’ affiliation (i.e. local-based, foreign-based, and/or semi-government organisation), and the level of sponsorships and grants they have received.
format Article
author Rozaidy Mahadi
Noor Kaziemah Sariman
Lee, Andy Chen Hiung
author_facet Rozaidy Mahadi
Noor Kaziemah Sariman
Lee, Andy Chen Hiung
author_sort Rozaidy Mahadi
title Examining financial controls practices among religious non-profit organisations: a case study of Malaysia
title_short Examining financial controls practices among religious non-profit organisations: a case study of Malaysia
title_full Examining financial controls practices among religious non-profit organisations: a case study of Malaysia
title_fullStr Examining financial controls practices among religious non-profit organisations: a case study of Malaysia
title_full_unstemmed Examining financial controls practices among religious non-profit organisations: a case study of Malaysia
title_sort examining financial controls practices among religious non-profit organisations: a case study of malaysia
publisher Macrothink Institute
publishDate 2021
url https://eprints.ums.edu.my/id/eprint/31387/1/Examining%20financial%20controls%20practices%20among%20religious%20non-profit%20organisations.pdf
https://eprints.ums.edu.my/id/eprint/31387/2/Examining%20financial%20controls%20practices%20among%20religious%20non-profit%20organisations1.pdf
https://eprints.ums.edu.my/id/eprint/31387/
https://www.macrothink.org/journal/index.php/csbm/article/view/18115
https://doi.org/10.5296/csbm.v8i2.18115
_version_ 1760230888783740928
score 13.211869

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