ESG and Internal Control Weaknesses – A Case Study of an Islamic Cooperative Body

Shamsul Anuar Abd Rahim, Anuar Nawawi and Ahmad Saiful Azlin Puteh Salin
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Shamsul Anuar Abd Rahim: Universiti Teknologi MARA, Shah Alam, Malaysia
Anuar Nawawi: Universiti Teknologi MARA, Shah Alam, Malaysia
Ahmad Saiful Azlin Puteh Salin: Universiti Teknologi MARA, Perak Branch Tapah Campus, Malaysia

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 6, 4663-4671

Abstract: The purpose of this study is to examine what are some of the weaknesses in a cooperative body administration, that may related to Environment, Social and Governance (ESG) activities. A case study approach was selected for this study by selecting one Islamic cooperative body in Malaysia as a study case. This study found that the selected cooperative has many weaknesses in their internal control procedures. Many errors in recording financial data lead to the fraud opportunity while manual recording of daily transaction contributes to recurring human errors. This indicate that this cooperative body yet to fully exercising ESG framework, particularly the governance pillar of the framework. This study however limited to only one organization and thus, its findings need to be generalised with precautions.

Date: 2025
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