• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Shira. W. Lu
    • Abstracting/ Indexing:  Crossref, Electronic Journals Library , EBSCO
    • E-mail: ijtef.editorial.office@gmail.com
HOME > Archive > 2014 > Volume 5 Number 3 (Jun. 2014) >
IJTEF 2014 Vol.5(3): 255-258 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2014.V5.380

Internal Financial Controls Practices of District Mosques in Central Region of Malaysia

Mohamad Noorman Masrek, Intan Salwani Mohamed, Norzaidi Mohd Daud, Roshayani Arshad, and Normah Omar

Abstract—Controls over the financial activities of the Non-profit organizations (NPOs) are very important due to the fact that NPOs are managing public funds received from government, corporate and public donations. The objective of this study is to investigate the basic internal financial controls practices among Mosques in the state of Selangor and Wilayah Persekutuan Kuala Lumpur (central region of Malaysia). In Malaysia which consists of 14 states, Mosque is an example of NPOs which falls under religious category and monitored by Islamic bodies of each state. A state is divided into several s. Mosque refers to the main mosque in an area which received funding from government, corporate and public donations. Central region of Malaysia was chosen as the population of interest due to the fact that this region is the most developed area which received lots of funding. Unstructured interviews and review of documents were conducted to investigate the current practices of basic financial controls on receipt of income and on disbursing funds. The findings suggested that internal controls practices by Mosques on both receipt of income and funds disbursement requires significant attention regarding the segregation of duties element. Other elements of internal controls such as physical custody, recording of transactions, and authorization are at the accepted level.

Index Terms—Internal controls, district mosque, Malaysia.

Mohamad Noorman Masrek and Normah Omar are with Accounting Research Institute / Faculty of Information Management, UiTM Malaysia (e-mail: mnoorman@salam.uitm.edu.my, normah645@salam.uitm.edu.my).
Intan Salwani Mohamed and Roshayani Arshad are with Accounting Research Institute / Faculty of Accountancy, UiTM Malaysia (e-mail: intan838@salam.uitm.edu.my, roshayani@salam.uitm.edu.my).
Norzaidi Mohd Daud is with Accounting Research Institute / Arshad Ayub Graduate Business School, UiTM Malaysia (e-mail: zaidiuitm2000@yahoo.com).

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Cite: Mohamad Noorman Masrek, Intan Salwani Mohamed, Norzaidi Mohd Daud, Roshayani Arshad, and Normah Omar, "Internal Financial Controls Practices of District Mosques in Central Region of Malaysia," International Journal of Trade, Economics and Finance vol.5, no.3, pp. 255-258, 2014.

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