Internal audit experience and risk management drive strategic management success in Malaysia.
The study looked at how internal audit experience, audit committee attributes, risk management, and control systems affect internal audit's role in strategic management. Data from 117 head of internal audit function in Malaysian public listed companies was analyzed. The results showed that internal audit experience, audit committee qualifications, audit committee reviews, risk management, and control systems all have a positive impact on internal audit's contribution to strategic management. However, audit committee concern did not significantly predict internal audit's contribution to strategic management. This research provides evidence supporting previous qualitative studies and helps us understand what factors influence internal audit's role in strategic management in a mandatory environment.