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Technology auditing and risk management of technology incubators/science parks

Technology auditing and risk management of technology incubators/science parks PurposeThe purpose of this paper is to discuss the application of risk management and auditing to technology incubators/science parks. The proposed audit plan focusses on the risk assessment using the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework.Design/methodology/approachThe risk-based audit plan for auditing and managing the risks associated with the operation of technology incubators/science parks is based on the application of the COSO framework.FindingsThe proposed audit plan and performance analysis as a result of COSO application can be used as a risk management tool to improve effective operation of the incubator programmes.Originality/valueThe paper addresses the challenges of new auditing approach. In particular, the study applies the COSO framework to manage the risks of technology incubators/science parks which would help fill the gap in technology auditing. The audit plan and the performance analysis tool provide a new approach to assist R&D managers in performing risk assessments across various aspects of incubation operation. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png World Journal of Entrepreneurship Management and Sustainable Development Emerald Publishing

Technology auditing and risk management of technology incubators/science parks

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References (32)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
2042-5961
DOI
10.1108/WJEMSD-04-2016-0023
Publisher site
See Article on Publisher Site

Abstract

PurposeThe purpose of this paper is to discuss the application of risk management and auditing to technology incubators/science parks. The proposed audit plan focusses on the risk assessment using the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework.Design/methodology/approachThe risk-based audit plan for auditing and managing the risks associated with the operation of technology incubators/science parks is based on the application of the COSO framework.FindingsThe proposed audit plan and performance analysis as a result of COSO application can be used as a risk management tool to improve effective operation of the incubator programmes.Originality/valueThe paper addresses the challenges of new auditing approach. In particular, the study applies the COSO framework to manage the risks of technology incubators/science parks which would help fill the gap in technology auditing. The audit plan and the performance analysis tool provide a new approach to assist R&D managers in performing risk assessments across various aspects of incubation operation.

Journal

World Journal of Entrepreneurship Management and Sustainable DevelopmentEmerald Publishing

Published: Mar 13, 2017

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