DEVELOPMENT OF THE INTERNAL CONTROL MANAGEMENT PLAN FOR THE FACULTY OF MANAGEMENT SCIENCE AT SUAN SUNANDHA RAJABHAT UNIVERSITY

Abstract

Abstract—This research endeavors to formulate a comprehensive Internal Control Management Plan tailored to the unique needs of the Faculty of Management Science at Suan Sunandha Rajabhat University. A mixed-methods approach, including surveys and interviews with key stakeholders, was employed to assess stakeholder perceptions, pinpoint potential risk areas, and discern the cultural nuances influencing internal controls within the Faculty. Quantitative analysis revealed an overall positive stakeholder perception, alongside the identification of specific risk domains such as financial management and data security. Qualitative insights unearthed cultural considerations, highlighting communication challenges and the necessity for a collaborative cultural framework in internal control practices. The amalgamation of these findings informs strategic recommendations for policy refinement, targeted capacity-building initiatives, technology integration, and the infusion of a culturally sensitive approach within the Internal Control Management Plan. The study serves as a guiding framework for academic institutions aspiring to fortify their governance structures through the strategic deployment of effective internal controls.