Role of Internal Control in Improving Financial Management-Based Performance: The Case of Mosques in Banda Aceh City, Indonesia

This study aims to examine the moderating effect of internal control on the relationships between asset management, debt management, and good mosque governance on the performance of mosques in Banda Aceh City, Indonesia over the period from 2016 to 2020. Of 104 mosques within 9 sub-districts in the city, 20 of them were selected as the sample of the study using a multistage sampling technique. From each 20 selected mosques, 5 staff of mosques (observations = 100) were asked to fill up the distributed questionnaires. Since the study utilized the panel data, thus the study used the moderated multiple regression panel technique. The study discovered that asset management and good mosque governance had a significant effect on mosque performance, while debt management has an insignificant effect on mosque performance. In addition, internal control was documented to have an insignificant moderating effect on the relationships between asset management, debt management, and good mosque governance on the mosque performance.