The Impact of Internal Control System on the Accountability Practices in Waqf Institutions: Evidence from Al Rahma International Waqf

The internal control systems have several mechanisms applied to discharge the accountability through ensuring and assessing the organizational financial regulatory compliance process. This study aims at examining the impact of internal control systems’ components on enhancing the accountability in Al Rahma International Waqf Institution. The sample comprises of 152 employees at the managerial level in Al Rahma International. A questionnaire survey used in the data gathering in which all the data collected at the same time from the respondents. The grouping and analyses of the questionnaire’s respondents were conducted using exploratory factor analysis and multiple regression analysis in SPSS statistical tools and Maximum Likelihood Estimator (MLE) approach for data analyse. The findings show the regression analysis of both enter and stepwise method that the monitoring internal control (ICM) has a significant impact on the performance accountability practices. The analysis and findings of the data collected through this research should be of great interest to Al Rahma International and their donors. Several suggestions are highlighted for improvement based on the founded results. Several suggestions will be highlighted for improvement based on the founded results. Keywords: internal control systems, accountability practices, Waqf Institution DOI: 10.7176/RJFA/12-16-04 Publication date:August 31st 202