This research aimed to explore the effectiveness of internal audit in managing cybersecurity in Malaysia’s Banking Institutions. This research examined three factors that would most likely affect the effectiveness of internal audit in managing cybersecurity in Malaysia’s Banking Institutions. Those factors are the awareness of internal auditors about cybersecurity, organizational policy on cybersecurity and organizational risk management on cybersecurity. This study employed survey questionnaire in getting the data from the internal auditors of the sampled banking institutions. A total of 120 questionnaires were gathered from seven commercial banks. Findings from this study showed that all the three identified factors have significant relationships with the effectiveness of internal audit in managing cybersecurity in Malaysia’s Banking Institutions. The findings from this study can be used by the relevant authorities and organizations in coming up with policies and procedures to manage cybersecurity better. Besides, this study would enrich the knowledge and literature on cybersecurity in Malaysia that is still lacking presently.
This study aims to observe the effect of audit committee (AC) characteristics, namely AC size (ACS), AC independence (ACI), and AC meetings (ACM) on two financial performance indicators; return on assets (ROA) and Tobin’s Q. This study was conducted on 63 non-financial firms listed on the Muscat Securities Market (MSM) in Oman for the period from 2016 to 2019. Multiple regression techniques have been applied to analyze the data and get empirical results. The findings revealed that two of the three independent variables have an insignificant effect on financial performance, and ACI has a substantial negative effect on Tobin’s Q. Based on the findings, it can be implied that the corporate governance mechanism and AC structure in Omani firms need to be improved. Stricter control government authorities may be necessary to ensure that firms appoint AC members who can enhance the firm’s performance, and contribute to the country's economic expansion.
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