Internal control and fraud in construction industry of Malaysia / Wan Noor Asmuni Wan Fauzi,Siti Haliza Asat and Junaidah Hanim Ahmad

The purpose of this paper is to develop an understanding about the internal control and fraud problem in the Malaysian construction industry. It is believed that the construction industry is one of the riskiest industries regarding internal fraud due to its complex and costly nature, and dense third-party contract relationships. If this situation is left untreated, it will lead to more serious problems in the future of construction industry in Malaysia. Therefore, this study is aimed to discuss the fraud phenomenon, lack of internal control and the reasons behind fraud in construction industry. It also proposes that organizations should periodically perform formal risk assessments and internal control reviews to reduce fraud activities. It is recommended to all parties to promote and practice effective internal control in their project to minimize the occurrence of fraud and failures

Sustainability and accountability of social enterprise / Nur Hayati Ab Samad ... [et al.]

Sustainability and accountability are pervasive issues for social entrepreneurial non-profit organisations (NPOs), which are also known as social enterprises as they seek to balance their social mission with financial responsibility. With the increased in the scope and size of the social enterprise, there is also increased need for accountability and organisational sustainability. Thus, in order to successfully fulfil these needs, social enterprises need to identify the relevant factors of sustainability that relates closely with accountability and organisational performance. This study aims to examine the extent social enterprise’s sustainability based on the factors identified using self-constructed sustainability index. The four main factors are leadership capacity, adaptive capacity, management and technical capacity and financial viability. Content analysis was used to measure the sustainability index from the information disclosed in the annual reports by 210 organisations registered under the Registry of Societies (ROS) in Malaysia for the year 2010. Findings from the study indicates that most of the social enterprises are aware that effective leadership is vital for organisational sustainability. However, management and technical aspects tend to be neglected possibly due to lack of adequate resources and facilities to adapt to current changes. Overall, this study highlights that in order to survive in the future, the social enterprise need to appropriately address relevant factors that influence financial accountability and organisational sustainability especially on management and technical aspect in order to survive in the future

Students" e-profiling / Nor Jaslina Nik Wil ...[et al.]

Having a complete and adequate data profiling system about students is very vital as it can be used to obtain statistics or informative summaries on any matters concerning students. Currently, in UiTM Cawangan Kelantan (UiTMCK), the students’ data could be found in the data system which is only available at the Hal Ehwal Akademik Department but with limited access. There are two types of data keeping in UiTMCK namely paper printed version and soft copy. The data of paper printed version are ept in the students file gathered during registration and are quite comprehensive whereas the soft copy data is concerned students’ academic results only. Thus, to have a one stopcenter and fast-tracking of students’ data profiling, a system to collect information is created known as Students’ eProfiling (SeP). This system is meant for collecting data in order to get information about students’ background concerning non-academic matters. The system is unique in the sense that it can be accessed either by using QR code or a link for the students to fill up required particulars. The system is beneficial as it could help academic staff to identify the students in terms of income, health or any physical limitation that needs further attention. The information gathered through this system could be used in the process of zakat selection, food bank selection, time table preparation et

Effective approaches to financial well-being among university students: a conceptual paper /Amri Mohamad...[et al.]

This is a conceptual paper showing the linkages on the relationship between factors affecting the financial well-being of university students and also the moderating effects of parents’ influence on their financial well-being. The focus on the financial well-being of university students isvery important to ensure that university students do not encounter financial difficulties during their years at universities. To be more specific, this paper examines the four factors which determinethe financial well-being of university students whichare Budget & Financial Education, Structured Funding, Unstructured Funding,and Food Coupon & Book Voucher. The objectives of this research are to establish the extent of the conceptual relationship between four determining factors and the students’ financial well-being. The aims and objectives of this research are accomplished when the conceptualizations of each of the independent variable dimensions and students’ financial well-being are established and the linkages are clearly explained

Supply chain of the automobile industry: Internal control issues, operations, and sustainability of cars exported overseas

This paper explores the internal control issues, operations and sustainability in the supply chain of automobile industry when exporting their cars overseas. Particularly this paper emphasized the possible reasons of internal control issues and implications that cause the increase in insurance claims on Damage in Transit (DIT) and/or Missing and Discrepancy (MAD) on car exporters. Goods and items exported overseas face the risks of DIT and/or MAD that are affected by any number of causes and exposures such as natural disaster, deficiencies, criminal activity and so forth. The increase in DIT and/or MAD insurance claims has a direct impact on the company’s operating costs that requires a higher premium to be paid to the insurance company, hence reduce the revenue. The internal control weaknesses in handling the exported goods also can become one of the major reasons to DIT and/or MAD that related to criminal activities. This paper reviewed the past literatures relating to damages, missing or discrepancy happened during the process of exporting cars and the concept of internal control and some examples of the cases of companies that put it into practice. This study is expected to provide notion to the automotive industry that exporting cars overseas to evaluate their existing procedures in place and make improvisation to deliver better quality services and products to their customers and to improve the current working process in related departments if such weaknesses induced to DIT and/or MAD exists. In addition, this study also aims to improve communication between divisions to ensure and to prevent the occurrence of the same issues in the future. Finally, this study proposed the execution of COSO internal control framework and a better cost management exercise may be practiced to alleviate DIT and/or MAD