Could enterprise risk management (ERM) create, protect and enhance shareholders’ wealth among Malaysian listed issuers

The primary objective of this study is to explore the extent to which ERM implementation is capable of enhancing shareholders’ wealth. A sample of 283 companies operating in the Main Market of Bursa Malaysia was selected.This study utilized the definition of ERM as the independent variable and shareholders’ wealth as dependent variable.The overall observation revealed that ERM was significant in explaining the variation in shareholders’ wealth.Objective setting, event identification, risk response, control activities, information and communication, and monitoring substantiated the hypothesized relationship. The research framework of this study, which utilized assumptions from stewardship and agency theory, could serve as guidance for future research on organizational control and governance.The study fills the gap in literature which mostly concentrated on the USA and western countries.The CRO and the board should focus more advising functions at the earlier stage of the ERM implementation and monitoring functions once ERM matured

The existence of audit expectation gap in Malaysia / Mohd Ariff Kasim and Siti Rosmaini Mohd Hanafi

This study is an extension of the authors’ previous study which was conducted at Universiti Tenaga Nasional (UNITEN) in 2005 on the effect of undergraduate audit education in reducing audit expectation gap. The present study aimed to provide greater empirical evidence on the existence of audit expectation gap in Malaysia. The methodology was developed based on Gramling and Schazberg’s (1996) study. Aninstrument of audit expectation gap was distributed to auditors, accountants and accounting educators in Malaysia to ascertain whether there was evidence on the existence of an audit expectation gap between these groups of respondents. The results indicated the existence of an audit expectation gap between auditors, accountants and accounting educators

Enhancement of electrode design for non-invasive stimulus application

Existing electrodes can be classified into two categories which are invasive and non-invasive electrodes. The non-invasive electrodes can be further classified into wet or dry electrodes. Most of the off-the-shelf electrodes are made from rigid substrates which have the high level of motion artifacts. To overcome this motion artifact, flexible electrodes have been slowly introduced in the market. Flexible electrodes can be made from various types of material such as the substrate. This paper presents a work on designing a new flexible dry electrodes using poly(3,4-ethylenedioxythiophene) polystyrene sulfonate and silver by means of dispenser printing technology. Polyester cotton fabric was selected as the substrate in this electrode designed. Results from the experiment show that the conductivity of the proposed flexible electrode is comparable with the conventional pre-gelled electrode when applied to an electrical stimulator device. Eight out of ten subjects under test described no difference in comfort between the proposed electrodes and pre-gelled electrodes. © 2017 IEEE

THE VERACITY OF THE ERM IMPLEMENTATION: AN INTERNAL AUDITING PERSPECTIVE

The internal audit profession has become a focal point after the collapse of various giant corporations. The primary research objective of the study is to investigate the extent of the internal auditors’ roles in the implementation of the Enterprise Risk Management (ERM). The primary data collection was through a questionnaire survey. The results of the hierarchical multiple regressions indicated that the degree of the internal auditors’ roles in the ERM could strengthen the relationship between the internal audit effectiveness and ERM implementation. The nature of the internal auditors’ involvement in the ERM implementation was consistent with the recommendations in the position paper on the role of internal auditors in the ERMInternal Audit Practices, Professional Practice Framework, ERM, Internal auditing, COSO ERM Framework

Development of a New Modeling Circuit for the Remote Terminal Unit (RTU) with GSM Communication

This paper introduces the design and development of Intelligent Remote Terminal Unit (RTU) which is to be applied as an automation technique for operating and controlling the low voltage (LV) downstream of 415/240V to enhance reliability of power for the consumers. The design proposed based on Global System for Mobile (GSM) communication and this paper also presents as efficient design for distribution automation system and its implementation in remote/automatic monitoring and controlling of the relays (circuit breaker) by means of GSM Short Message Service (SMS) services, automatic decision making and continuous monitoring of distribution system components in real time. The system has been equipped with microcontroller as a main component which act as an RTU programmed using Microcontroller PRO compiler software. The RTU provides monitoring fault operation, controlling functions and data collection for analysis. RTU will initiate the transaction with the digital and output modules. The master of this system is RTU and the slaves are digital and output modules. RTU plays an important role in detecting fault and assigned to serve message immediately in the control room. This system involves the detection of fault connected to the microcontroller(PIC18F77A) and GSM modem. When the fault occurs, the sensor will send the signals to the PIC16F77A. The PIC is programmed to process the data and send the signals to the GSM modem. Once received the data, GSM will send the message to the control room operators or other authorized personnel to alert them on the current situation through cellular phone. The results are then communicated between hardware circuit and simulation circuit for the final conclusion with the properly functional algorithm

Remote Terminal Unit (RTU) Hardware Design and Implementation Efficient in Different Application

This paper introduces the design and the development of RTU module with small remote telemetry unit suitable for different application in low voltage system. The design based on microcontroller which represents the intelligent brain of any low cost RTU. Small sizes RTU are responsible for data acquisition in substations and accomplishment of central station commands. This paper presents a new hardware design for an RTU that performs based on a PIC16F877 device operating at 20MHz and runs from a 9-24V AC/DC supply. The design is composed of four main modules with its own components in the architecture which include communication interface, analogue input, digital input and digital output. All operational tasks will be handled by non-expensive distribution automation system through it intelligent RTU by providing the best solutions without human intervention. Only Intelligent RTU together with the SCADA is capable to perform intelligent decisions on the distribution automation tasks. An intelligent Microcontroller based RTU for distribution automation system is proposed to innovate and renovate the downstream part of the power distribution system including the most advance communication networking system. This method utilizes automation concept of creating an intelligent RTU through modification and innovations

A Review of Communication Protocols for Intelligent Remote Terminal Unit Development

This paper reviewed all the possible interfacing communication protocols for remote terminal unit (RTU). Supervisory Control and Data Acquisition (SCADA) system is a central station that can communicate with other network using the protocol. Fundamentally, the architectures of all networks are based on the seven layers of open system interconnection (OSI) and International Standard Organization (ISO). The objective of designing the protocols is to check the status of all the input and output field devices and send the report according to that status. The corresponding protocol and communication parameters between the connecting devices will be included in designing a complex SCADA system. The available protocols to develop the communication of RTU are Modbus/ASCII, distribute network protocol(DNP3), controller area network (CAN), International Electro-technical Commission (IEC 60870), and transmission control protocol/internet protocol (TCP/IP)

Alteration in morphological features of Puntius javanicus liver exposed to copper sulfate

The environmental toxicants such as copper are known to affect vital organ especially liver. This study examined the effects of copper sulfate (CuSO4) on the liver morphological structure of P. javanicus. The untreated control, 0.1 and 0.3 mg/L CuSO4 treated groups displayed normal polygonal structure of the hepatocyte. However, at the concentrations of 0.5, 1.0 and 5.0 mg/L CuSO4, the hepatostructure was significantly affected, as shown by the increasing number of dilation and congestion of sinusoids, vacuolation, macrophage activities and peliosis. The damage level and HSI value were increased while the number of hepatic nuclei per mm2 was decreased with the increasing of copper concentration. In conclusion, this study shows that the degree of liver damage in P.javanicus is dependent to the dose exposure

Malaysian English language novice teachers’ challenges and support during initial years of teaching

This study investigates the challenges encountered by Malaysian English language novice teachers throughout the initial years of their teaching. This study also explores the support received by these novice teachers at the beginning of their careers. The mixed-method research design was adopted for this study. A number of 80 novice teachers participated in the study. Data were collected through a questionnaire survey and an interview with five novice teachers. The findings indicated that the most frequent challenges faced by the novice English language teachers were (1) workload challenges, (2) instructional challenges, and (3) social status and identity challenges. The results also showed that the most frequent support received by the novice teachers was collegial support. Based on the findings, one of the most crucial issues to be addressed during the teacher training was equipping the novice teachers with the knowledge and skill in managing their multiple work and responsibilities in schools. Training novice teachers in using various instructional methods, particularly on the use of computer technology is also important. The novice teachers also need to be provided with more professional development courses that can develop their confidence in teaching, help them build a relationship with students and colleagues, and educate them on how to manage their problematic learners. A structured support system with good mentoring practices during the initial years of teaching is also crucial in assisting the novice teachers to adapt to the teaching environment and carry out assigned responsibilities

Relationship between total carbon, total nitrogen and carbon to nitrogen ratio on growth, sporulation rate and δ-endotoxin synthesis of Bacillus thuringiensis.

The relationship between intracellular and extracellular total carbon, total nitrogen and carbon to nitrogen ratio on Bacillus thuringiensis MPK13 growth, sporulation rate and d-endotoxin synthesis were carried out in shake flask using different types of carbon (glucose, galactose, sucrose, lactose and maltose) and nitrogen (yeast extract) sources. The highest initial intracellular TC (5.15 g/L) and intracellular TN (1.45 g/L) were recorded in medium containing glucose. On the other hand, the highest initial extracellular TC (34.54 g/L) and TN (7.61 g/L) were recorded in medium containing maltose and lactose, respectively. At 48 h of cultivation, the highest final intracellular TC (11.96 g/L) and intracellular TN (3.26 g/L) were also recorded in medium containing glucose. The highest final extracellular TC (27.85 g/L) and TN (7.27 g/L) were recorded in medium containing galactose which showed the lowest growth and sporulation. The presence of d-endotoxin was only detected at 48 h of cultivation using medium containing glucose. The result indicated that high initial intracellular TC and TN values during the cultivation anticipated in high cell growth, sporulation and d-endotoxin production and may be used for indirect measurement of cultivation performance for B. thuringiensis