Staff View: Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC)

Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC)

The purpose of this action research is to implement the internal audit methodology to strengthen the governance of Malaysian Communications and Multimedia Commission (MCMC) based in Cyberjaya, Selangor by adopting the internal audit methodology namely COSO Internal Control-Integrated Framework in th...

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Main Author:	Abdul Rahman, Muhammad Hafifi
Format:	Thesis
Language:	English
Published:	2022
Subjects:	HB615-715 Entrepreneurship. Risk and uncertainty. Property
Online Access:	http://eprints.utm.my/id/eprint/101955/1/MuhammadHafifiAbdulRahmanMAHIBS2022.pdf.pdf http://eprints.utm.my/id/eprint/101955/ http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:146636
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id	my.utm.101955
record_format	eprints
spelling	my.utm.1019552023-07-25T09:50:24Z http://eprints.utm.my/id/eprint/101955/ Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC) Abdul Rahman, Muhammad Hafifi HB615-715 Entrepreneurship. Risk and uncertainty. Property The purpose of this action research is to implement the internal audit methodology to strengthen the governance of Malaysian Communications and Multimedia Commission (MCMC) based in Cyberjaya, Selangor by adopting the internal audit methodology namely COSO Internal Control-Integrated Framework in the internal audit practices intervention. MCMC’s external auditor, Ernst & Young (EY) had identified several shortcomings in the internal audit methodology which required immediate improvement and commitment from IAUD. The objective of this research is to assess the effectiveness of new internal audit methodology in internal audit practices. Upon conducting the knowledge sharing workshop session intervention in Cycle 1 of Action Research, the level of understanding among the internal auditors were increased regarding the COSO Internal Control-Integrated Framework and upon applying the COSO Internal Control-Integrated Framework in the internal audit practices in Cycle 2 of Action Research, the internal audit methodology is more structured, organized and effective. In line with pragmatism research, both qualitative and quantitative approaches have been used in answering the research objectives. The reflection gained from this action research is that the knowledge sharing workshop intervention has impacted positively in improving the level of understanding among the internal auditors regarding the COSO Internal Control-Integrated Framework and new internal audit methodology is more structured, organized, and effective as compared to the risk-based internal audit. 2022 Thesis NonPeerReviewed application/pdf en http://eprints.utm.my/id/eprint/101955/1/MuhammadHafifiAbdulRahmanMAHIBS2022.pdf.pdf Abdul Rahman, Muhammad Hafifi (2022) Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC). Masters thesis, Universiti Teknologi Malaysia. http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:146636
institution	Universiti Teknologi Malaysia
building	UTM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Malaysia
content_source	UTM Institutional Repository
url_provider	http://eprints.utm.my/
language	English
topic	HB615-715 Entrepreneurship. Risk and uncertainty. Property
spellingShingle	HB615-715 Entrepreneurship. Risk and uncertainty. Property Abdul Rahman, Muhammad Hafifi Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC)
description	The purpose of this action research is to implement the internal audit methodology to strengthen the governance of Malaysian Communications and Multimedia Commission (MCMC) based in Cyberjaya, Selangor by adopting the internal audit methodology namely COSO Internal Control-Integrated Framework in the internal audit practices intervention. MCMC’s external auditor, Ernst & Young (EY) had identified several shortcomings in the internal audit methodology which required immediate improvement and commitment from IAUD. The objective of this research is to assess the effectiveness of new internal audit methodology in internal audit practices. Upon conducting the knowledge sharing workshop session intervention in Cycle 1 of Action Research, the level of understanding among the internal auditors were increased regarding the COSO Internal Control-Integrated Framework and upon applying the COSO Internal Control-Integrated Framework in the internal audit practices in Cycle 2 of Action Research, the internal audit methodology is more structured, organized and effective. In line with pragmatism research, both qualitative and quantitative approaches have been used in answering the research objectives. The reflection gained from this action research is that the knowledge sharing workshop intervention has impacted positively in improving the level of understanding among the internal auditors regarding the COSO Internal Control-Integrated Framework and new internal audit methodology is more structured, organized, and effective as compared to the risk-based internal audit.
format	Thesis
author	Abdul Rahman, Muhammad Hafifi
author_facet	Abdul Rahman, Muhammad Hafifi
author_sort	Abdul Rahman, Muhammad Hafifi
title	Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC)
title_short	Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC)
title_full	Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC)
title_fullStr	Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC)
title_full_unstemmed	Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC)
title_sort	implementation of internal audit methodology to strengthen the governance of malaysian communications and multimedia commission (mcmc)
publishDate	2022
url	http://eprints.utm.my/id/eprint/101955/1/MuhammadHafifiAbdulRahmanMAHIBS2022.pdf.pdf http://eprints.utm.my/id/eprint/101955/ http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:146636
_version_	1772811134694326272
score	13.211869

Implementation of internal audit methodology to strengthen the governance of Malaysian communications and multimedia commission (MCMC)

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