Technology auditing and risk management of technology incubators/science parks, Dr. Jarunee Wonglimpiyarat
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: Risk management; Committee of Sponsoring Organizations of the Treadway Commission (COSO); Science parks; Technology auditing; Technology incubators.
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