Internal control implementation in higher education institutions: determinants, obstacles and contributions toward governance practices and fraud mitigation
Document Type
Article
Publication Date
1-1-2022
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. © 2020, Emerald Publishing Limited.
Keywords
Accountability, Fraud, Higher education institution (HEI), Internal control (IC)
Divisions
Faculty_of_Business_and_Accountancy,accounting
Publication Title
Journal of Financial Crime
Volume
29
Issue
1
Publisher
Emerald Group Holdings Ltd.
Additional Information
MFAA