Mushrooming of privately run Tahfiz schools in Klang Valley in recent years has led to some schools being unable to sustain the school expenditures due to insufficient and inefficient funds management. There are instances whereby the contribution received from the public is being misused for the personal gain of the founder. The aim of this conceptual framework is to determine the relationship between internal control components with Thafiz School’s fund management. This study is to shed light on this aspect as limited prior research has discussed this issue. The results obtained are expected to facilitate the school’s management of fund management. Primary data is going to be collected using questionaries. Surveys are sent to selected privately run Thafiz schools in Klang Valley. Five components of internal control are going to be regressed against fund management using multiple regression analysis. The five components of internal control are control environment, risk assessments, control activities, monitoring, and information and communication. These components of internal control will be hypothesized against the fund management to determine the relationship. A positive relationship between the variables is expected. Future research is hoped to extend the survey to all privately run Thafiz Schools Malaysia-wide.
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In-Text Citation: (Ibrahim et al., 2023)
To Cite this Article: Ibrahim, S., Idris, K. H., Lumat, Y., & Shimi, R. A. (2023). The Effect of Internal Control on Funds Management by Privately Run Tahfiz Schools in Klang Valley. International Journal of Academic Research in Accounting Finance and Management Sciences, 13(2), 239–248.
Copyright: © 2023 The Author(s)
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