Internal control implementation in higher education institutions: determinants, obstacles and contributions toward governance practices and fraud mitigation

Hafiez Sofyani, Haslida Abu Hasan and Zakiah Saleh

Journal of Financial Crime, 2021, vol. 29, issue 1, 141-158

Abstract: Purpose - This study aims to investigate internal control (IC) implementation in higher education institutions (HEIs). This study also explores determinants, obstacles and contributions of IC implementation within HEIs. Design/methodology/approach - The study uses a qualitative research method by conducting semi-structured interviews with internal auditors of HEIs. Findings - This study found a difference of IC among all HEIs in terms of design. IC implementation is perceived to have a positive contribution to accountability enhancement and fraud mitigation. Several determinants and obstacles faced by HEIs in implementing IC are presented in the paper. Practical implications - The IC has to be operated effectively to achieve its benefit. However, not all HEIs implement IC properly. Originality/value - This paper is a pioneer study that raises IC implementation in HEIs and its role in governance practices and corruption mitigation.

Keywords: Accountability; Fraud; Higher education institution (HEI); Internal control (IC) (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-12-2020-0246

DOI: 10.1108/JFC-12-2020-0246

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