Enterprise Risk Management in Malaysia: A case study
Abstract
This study identifies the role of internal control system in good
risk management practice with reference to Sarbanes-Oxley (SOX) Act or
equivalent Japan-SOX (J-SOX) or Malaysian Code on Corporate
Governance, MCCG. Methodology: This case study focuses on a
multinational corporation (MNC) hosted in Malaysia. The enterprise’s
risk management practices to be analyzed. Findings: It was found that the
successful implementation of ERM relies on corporate governance,
especially periodic monitoring Originality: This study contributes to the
literature as an in-depth study providing practical insights in terms of
implementation of enterprise risk management in the industry on
importance of internal auditing in managing risk.