What is it about?
Internal Control System (ICS) has been implemented within the State of Islamic Higher Education in Indonesia. This study intends to analyze the effectiveness of its implementation within the various State Islamic Universities in Indonesia (PTKIN) including identifying its risk management.
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Why is it important?
We found that the internal control system was effective in identifying 69 risk sources that could potentially have a negative impact on the university performance, especially in terms of financial report reliability, asset security, effectiveness and efficiency of activities, and compliance with regulations. Based on the results, it is expected that the State Islamic Universities should be more focused on internal control activities and link them to the risk assessment which is regularly evaluated.
Perspectives
The empirical study was conducted at the Universitas Islam Negeri Ar-Raniry Banda Aceh, Indonesia. Primary data was gathered through a survey that was distributed to 128 respondents within the university. Additional data were collected using semi-structured in-depth interviews with nine key personnel of the internal control unit of several Islamic universities in Indonesia.
Prof. Dr. Azharsyah Ibrahim
Universitas Islam Negeri Ar-Raniry
Read the Original
This page is a summary of: INTERNAL CONTROL SYSTEM OF THE STATE ISLAMIC UNIVERSITIES IN INDONESIA: STUDYING THE EFFECTIVENESS AND RISK MANAGEMENT, Share Jurnal Ekonomi dan Keuangan Islam, July 2019, Universitas Islam Negeri Ar-Raniry,
DOI: 10.22373/share.v8i1.4910.
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