Mohd Saleh, Norman and Wan Chik, Mohd Nurfirdaus (2022) Behavioral Factors of Internal Auditors and Enterprise Risk Management Effectiveness Assessment of Malaysian Statutory Bodies. International Journal of Management Studies (IJMS), 29 (1). pp. 109-134. ISSN 2180-2467

Preview

PDF - Published Version Available under License Attribution 4.0 International (CC BY 4.0). Download (1MB) | Preview

Abstract

This study used the theory of planned behavior to examine the relationship between internal auditors’ behavioral factors and intention to evaluate enterprise risk management (ERM) effectiveness of Malaysian statutory bodies. Unlike prior literature, this study also included a test on individual attitude towards risk in addition to attitude towards behavior, subjective norms, and perceived behavioral control. Analysis on 108 received responses showed that subjective norms and perceived behavioral control had positive relationships with the intention to assess ERM effectiveness. Nevertheless, the influence of attitude was not substantiated. The results imply that attitude is not an important factor when individuals do not have total process ownership. Managers of statutory bodies and heads of internal audit departments need to shape internal auditor behavior by instituting social and administrative norms and instilling a positive perception about the ability to perform tasks within the organization. This study also shows that individuals have no total ownership in a process, thus focusing efforts on shaping individual attitude is not practical. This issue is critical because successful ERM implementation depends on internal auditors’ intention to evaluate its effectiveness. An effective ERM can reduce the risks of waste, inefficiencies, corruption, malpractices, and public–private partnerships associated with the public sector.

Item Type:	Article
Uncontrolled Keywords:	Theory of Planned Behavior, Effectiveness Assessment, Enterprise Risk Management, Statutory Bodies, Internal Auditors
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	College of Business
Depositing User:	Mrs Nurin Jazlina Hamid
Date Deposited:	07 Mar 2023 09:44
Last Modified:	07 Mar 2023 09:44
URI:	https://repo.uum.edu.my/id/eprint/29258

Actions (login required)

View Item