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Technology auditing and risk management of technology incubators/science parks

Jarunee Wonglimpiyarat (College of Innovation, Thammasat University, Bangkok, Thailand)

World Journal of Entrepreneurship, Management and Sustainable Development

ISSN: 2042-5961

Article publication date: 13 March 2017

900

Abstract

Purpose

The 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/approach

The 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.

Findings

The 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/value

The 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.

Keywords

Citation

Wonglimpiyarat, J. (2017), "Technology auditing and risk management of technology incubators/science parks", World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 13 No. 1, pp. 44-56. https://doi.org/10.1108/WJEMSD-04-2016-0023

Publisher

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Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited

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