Employees� Perceived Risk Management in Public Procurement and Finance: Evidence in Malaysia

This study evaluated employees� perspectives about goal setting, the internal environment, information sharing, risk response, monitoring, risk assessment, control activities, and awareness of internal controls. Five hundred thirty-seven public workers responded to a questionnaire survey based on th...

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Main Authors: Binti Ilias A., Baidi N., Ghani E.K.
Other Authors: 58894930900
Format: Article
Published: Universiti Teknologi Mara 2024
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spelling my.uniten.dspace-338892024-10-14T11:17:23Z Employees� Perceived Risk Management in Public Procurement and Finance: Evidence in Malaysia Binti Ilias A. Baidi N. Ghani E.K. 58894930900 57218318753 35098434100 Committee of Sponsoring Organizations (COSO) Enterprise Risk Management (ERM) Malaysia Risk management Sustainable Development Goal (SDG) This study evaluated employees� perspectives about goal setting, the internal environment, information sharing, risk response, monitoring, risk assessment, control activities, and awareness of internal controls. Five hundred thirty-seven public workers responded to a questionnaire survey based on the Committee of Sponsoring Organizations (COSO) Enterprise Risk Management (ERM) (2004). In general, all employees in the public sector perceived procurement and risk management as high-risk sectors within the government�s procurement and payment divisions. This study demonstrated that employees comprehend risk management, although their understanding of internal controls is somewhat lacking. In addition, the employees voiced their concerns regarding the conflict of interest among review team members, the significant inertia, the numerous contact points, the preferred supplier indicators, the quantity of proposals, the ties between bidders that inhibited competition, and especially the size of bids. To achieve government goals, public personnel concurred that they must comprehend the systematic and procurement processes for all activities. This study implies that the employees may persuade top management to adopt a robust risk management strategy prior to establishing ministry and departmental goals, thereby aiding the government in enhancing risk management and combating corruption and the government�s Sustainable Development Goals (SDG) 12 and 16. � 2023, Universiti Teknologi Mara. All rights reserved. Final 2024-10-14T03:17:23Z 2024-10-14T03:17:23Z 2023 Article 10.24191/MAR.V22I03-07 2-s2.0-85185489166 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85185489166&doi=10.24191%2fMAR.V22I03-07&partnerID=40&md5=f1e91e57e65f8cabc4a39fcdf8df97f7 https://irepository.uniten.edu.my/handle/123456789/33889 22 3 173 199 All Open Access Bronze Open Access Universiti Teknologi Mara Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
topic Committee of Sponsoring Organizations (COSO)
Enterprise Risk Management (ERM)
Malaysia
Risk management
Sustainable Development Goal (SDG)
spellingShingle Committee of Sponsoring Organizations (COSO)
Enterprise Risk Management (ERM)
Malaysia
Risk management
Sustainable Development Goal (SDG)
Binti Ilias A.
Baidi N.
Ghani E.K.
Employees� Perceived Risk Management in Public Procurement and Finance: Evidence in Malaysia
description This study evaluated employees� perspectives about goal setting, the internal environment, information sharing, risk response, monitoring, risk assessment, control activities, and awareness of internal controls. Five hundred thirty-seven public workers responded to a questionnaire survey based on the Committee of Sponsoring Organizations (COSO) Enterprise Risk Management (ERM) (2004). In general, all employees in the public sector perceived procurement and risk management as high-risk sectors within the government�s procurement and payment divisions. This study demonstrated that employees comprehend risk management, although their understanding of internal controls is somewhat lacking. In addition, the employees voiced their concerns regarding the conflict of interest among review team members, the significant inertia, the numerous contact points, the preferred supplier indicators, the quantity of proposals, the ties between bidders that inhibited competition, and especially the size of bids. To achieve government goals, public personnel concurred that they must comprehend the systematic and procurement processes for all activities. This study implies that the employees may persuade top management to adopt a robust risk management strategy prior to establishing ministry and departmental goals, thereby aiding the government in enhancing risk management and combating corruption and the government�s Sustainable Development Goals (SDG) 12 and 16. � 2023, Universiti Teknologi Mara. All rights reserved.
author2 58894930900
author_facet 58894930900
Binti Ilias A.
Baidi N.
Ghani E.K.
format Article
author Binti Ilias A.
Baidi N.
Ghani E.K.
author_sort Binti Ilias A.
title Employees� Perceived Risk Management in Public Procurement and Finance: Evidence in Malaysia
title_short Employees� Perceived Risk Management in Public Procurement and Finance: Evidence in Malaysia
title_full Employees� Perceived Risk Management in Public Procurement and Finance: Evidence in Malaysia
title_fullStr Employees� Perceived Risk Management in Public Procurement and Finance: Evidence in Malaysia
title_full_unstemmed Employees� Perceived Risk Management in Public Procurement and Finance: Evidence in Malaysia
title_sort employees� perceived risk management in public procurement and finance: evidence in malaysia
publisher Universiti Teknologi Mara
publishDate 2024
_version_ 1814061157604917248
score 13.209306