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

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dc.citedby0
dc.contributor.authorBinti Ilias A.en_US
dc.contributor.authorBaidi N.en_US
dc.contributor.authorGhani E.K.en_US
dc.contributor.authorid58894930900en_US
dc.contributor.authorid57218318753en_US
dc.contributor.authorid35098434100en_US
dc.date.accessioned2024-10-14T03:17:23Z
dc.date.available2024-10-14T03:17:23Z
dc.date.issued2023
dc.description.abstractThis 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.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.24191/MAR.V22I03-07
dc.identifier.epage199
dc.identifier.issue3
dc.identifier.scopus2-s2.0-85185489166
dc.identifier.spage173
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85185489166&doi=10.24191%2fMAR.V22I03-07&partnerID=40&md5=f1e91e57e65f8cabc4a39fcdf8df97f7
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/33889
dc.identifier.volume22
dc.pagecount26
dc.publisherUniversiti Teknologi Maraen_US
dc.relation.ispartofAll Open Access
dc.relation.ispartofBronze Open Access
dc.sourceScopus
dc.sourcetitleManagement and Accounting Review
dc.subjectCommittee of Sponsoring Organizations (COSO)
dc.subjectEnterprise Risk Management (ERM)
dc.subjectMalaysia
dc.subjectRisk management
dc.subjectSustainable Development Goal (SDG)
dc.titleEmployees� Perceived Risk Management in Public Procurement and Finance: Evidence in Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication
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