The effects of internal control systems on coorperative’s profitability: A case of Koperasi Pekan Rabu Alor Setar Berhad

The effects of internal control systems on coorperative’s profitability: A case of Koperasi Pekan Rabu Alor Setar Berhad

This study investigates the effect of internal control systems on cooperative profitability. Internal control is described by Committee of Sponsoring Organizations of the Treadway Commission (COSO) Framework, which is limited to Control Environment, Risk Assessment, Control Activities, Information a...

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Main Author: Shafawaty, Mohamad Shabri
Format: Thesis
Language:eng
eng
Published: 2013
Subjects:
HF5601-5689 Accounting
Online Access:https://etd.uum.edu.my/4975/1/s808905.pdf
https://etd.uum.edu.my/4975/2/s808905_abstract.pdf
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id my-uum-etd.4975
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Samsudin, Rose Shamsiah
topic HF5601-5689 Accounting
spellingShingle HF5601-5689 Accounting
Shafawaty, Mohamad Shabri
The effects of internal control systems on coorperative’s profitability: A case of Koperasi Pekan Rabu Alor Setar Berhad
description This study investigates the effect of internal control systems on cooperative profitability. Internal control is described by Committee of Sponsoring Organizations of the Treadway Commission (COSO) Framework, which is limited to Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring. This study was conducted using a qualitative approach, where a case study method was applied. Data were collected through interview sessions and documentary evidences. From the findings of study, it was concluded that the internal control systems applied in Koperasi Pekan Rabu Alor Setar Berhad can be considered effective and satisfactory. This was based on the implementation of all components of internal control systems, as described by the COSO Framework within the cooperative. However, financial losses occurred in the cooperative, caused by inefficient cost control and not due to weak internal controls. Profitability can be improved with a new development plan as well as implementation of effective internal control systems within the cooperative. Good or strong internal control systems would have an effect on the cooperative’s profitability as well as help the stability and growth of the cooperative movement in Malaysia
format Thesis
qualification_name masters
qualification_level Master's degree
author Shafawaty, Mohamad Shabri
author_facet Shafawaty, Mohamad Shabri
author_sort Shafawaty, Mohamad Shabri
title The effects of internal control systems on coorperative’s profitability: A case of Koperasi Pekan Rabu Alor Setar Berhad
title_short The effects of internal control systems on coorperative’s profitability: A case of Koperasi Pekan Rabu Alor Setar Berhad
title_full The effects of internal control systems on coorperative’s profitability: A case of Koperasi Pekan Rabu Alor Setar Berhad
title_fullStr The effects of internal control systems on coorperative’s profitability: A case of Koperasi Pekan Rabu Alor Setar Berhad
title_full_unstemmed The effects of internal control systems on coorperative’s profitability: A case of Koperasi Pekan Rabu Alor Setar Berhad
title_sort effects of internal control systems on coorperative’s profitability: a case of koperasi pekan rabu alor setar berhad
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2013
url https://etd.uum.edu.my/4975/1/s808905.pdf
https://etd.uum.edu.my/4975/2/s808905_abstract.pdf
_version_ 1747827838520655872
spelling my-uum-etd.49752016-04-18T02:37:15Z The effects of internal control systems on coorperative’s profitability: A case of Koperasi Pekan Rabu Alor Setar Berhad 2013 Shafawaty, Mohamad Shabri Samsudin, Rose Shamsiah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting This study investigates the effect of internal control systems on cooperative profitability. Internal control is described by Committee of Sponsoring Organizations of the Treadway Commission (COSO) Framework, which is limited to Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring. This study was conducted using a qualitative approach, where a case study method was applied. Data were collected through interview sessions and documentary evidences. From the findings of study, it was concluded that the internal control systems applied in Koperasi Pekan Rabu Alor Setar Berhad can be considered effective and satisfactory. This was based on the implementation of all components of internal control systems, as described by the COSO Framework within the cooperative. However, financial losses occurred in the cooperative, caused by inefficient cost control and not due to weak internal controls. Profitability can be improved with a new development plan as well as implementation of effective internal control systems within the cooperative. Good or strong internal control systems would have an effect on the cooperative’s profitability as well as help the stability and growth of the cooperative movement in Malaysia 2013 Thesis https://etd.uum.edu.my/4975/ https://etd.uum.edu.my/4975/1/s808905.pdf text eng validuser https://etd.uum.edu.my/4975/2/s808905_abstract.pdf text eng public masters masters Universiti Utara Malaysia __________ (2011). 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