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

A study on the service quality performance at the Health Unit Universiti Teknologi MARA (UiTM), Kedah / Ahmad Fahmi Abdul Rashid...[et al.]

The service quality of an organization or a company is very important as it will affect performance of the organization. If the quality of services provided is adequate and good, the organization may perform well. This is due to the efficiency and effectiveness of the organization to operate in doing its business. Reflect to that, the good quality of service may increase the satisfaction of the customers who come to deal with the organization. So, it may encourage the loyalty of customers for the organization and increase the number of the customers that may come to deal with them. The purpose of this research is to study on the factors that may lead to the service quality performance at the Health Unit in UiTM Kedah. It will covers tangibles, reliability, responsiveness, assurance and empathy value within organization. The researcher will use stratified sampling technique in order to collect necessary data for this research. The researcher will choose randomly the student to become as the respondent from the various courses in UiTM Kedah

Shari’ah Auditing: A Review of Shari’ah Audit Practices in Islamic Financial Institution (IFIs)

With its increasing number of Islamic Financial Institutions (IFIs) in the country, Malaysia has emerged as a leading hub when benchmarked against the other Islamic countries of the world. Unlike its conventional counterpart, the Islamic financial system focuses on the achievement of societal justice as evaluated within its own framework and uses its own criteria in order to achieve the objective of the Maqasid Ash-Shari’ah. To help achieve this objective, the Islamic finance industry is in need of Shari’ah auditors who are not only knowledgeable and competent in ensuring that the IFIs operate in accordance with Shari’ah principles, but also adequate in supply, in order to cater for the increasing number of IFIs in the country. Therefore, a major aim of this study is to conduct a comprehensive review of the auditing process performed by Shari’ah auditors in determining the achievement of the Maqasid Ash-Shari’ah by the IFIs. Another aim of this study is to assess the existing Shari’ah auditing framework and standards practiced by IFIs in Malaysia. The results of this study could serve as a reference point for the regulatory and professional bodies in assessing the implementation of a comprehensive Shari’ah auditing framework

Independence Music Centre / Mohd Nazri Ab Rahim ... [et al.]

Music industries in our country exists since years and years ago. This industries is one of the thousand industries that can growth and the one that we can get profit in the blink of eyes. It gave so many opportunities to us. As an entrepreneur we must take this chances to make a business base on this industries. One of the ideal business is music centre. Because of that, we choose this business for our business plan

IC disclosures in IPO prospectuses: evidence from Malaysia

Purpose: This study aims to investigate the factors influencing the disclosure of intellectual capital (IC) information in the Malaysian initial public offering (IPO) prospectus using multiple regression analysis. Design/methodology/approach: The sample consists of 130 companies in the technology and industrial products sectors of Bursa Malaysia that went through an IPO between 2004 and 2008. Initially, the extent of the IC disclosure index is quantified using content analysis methodology. The multiple regression analysis is then used to examine the associations of nine potential explanatory variables with IC disclosure level. Findings: In general, the results provide evidence that board size, board independence, age, leverage, underwriter and listing board significantly influence the extent of IC disclosure in an IPO prospectus. Nonetheless, the effect of each explanatory variable may vary in each estimated parameter of the multiple regression models. Three variables, board diversity, size and auditor, were not significant. Originality/value: Although many studies have examined the content of and reasons for IC disclosures, this study provides empirical evidence in this specific area, i.e. to explore the determinants of IC disclosure, particularly from the perspective of IPO prospectuses, in emerging countries such as Malaysia

Family Control and Earnings Management: Malaysia Evidence

Abstract. This study examines the relationship between the proportion of family members in corporate boards and earnings management of 236 sample companies listed on the Main Market of Bursa Malaysia in 2009. Emerging literature supports the notion that family control would constrain earnings management and positively influence corporate performance. Consistent with previous studies, we use discretionary accruals as a proxy for earnings management. The regression result shows that proportion of family members on the board is positively associated with discretionary accruals. This reflects that the effort to mitigate earnings management is significantly reduced when family members are present on corporate boards, especially when family members dominate the corporate board. The findings also provide evidence on board size, audit committee size, number of audit committee meeting and company size influence on discretionary accruals. The rest of explanatory variables; board independence, audit committee with financial expertise, auditor type and leverage were not significant

Shari’ah Auditing: A Review of Shari’ah Audit Practices in Islamic Financial Institution (IFIs)

With its increasing number of Islamic Financial Institutions (IFIs) in the country, Malaysia has emerged as a leading hub when benchmarked against the other Islamic countries of the world. Unlike its conventional counterpart, the Islamic financial system focuses on the achievement of societal justice as evaluated within its own framework and uses its own criteria in order to achieve the objective of the Maqasid Ash-Shari’ah. To help achieve this objective, the Islamic finance industry is in need of Shari’ah auditors who are not only knowledgeable and competent in ensuring that the IFIs operate in accordance with Shari’ah principles, but also adequate in supply, in order to cater for the increasing number of IFIs in the country. Therefore, a major aim of this study is to conduct a comprehensive review of the auditing process performed by Shari’ah auditors in determining the achievement of the Maqasid Ash-Shari’ah by the IFIs. Another aim of this study is to assess the existing Shari’ah auditing framework and standards practiced by IFIs in Malaysia. The results of this study could serve as a reference point for the regulatory and professional bodies in assessing the implementation of a comprehensive Shari’ah auditing framework

Understanding of the Transformational Rural Actors’ Behaviors: A Review

Rural actors’ behavior is crucial to materializing top-down rural development policies, albeit the rural physical planning. However, studies on detailed perspectives of rural actors’ behavior in response to complex stimuli are limited, particularly in the types of transformational rural actors’ behaviors. Specifically, this study aims to understand rural actors’ behaviors in transforming rural development. The systematic literature review methodology was applied. The findings revealed five themes: economy, environment, psychology, social, and technology—as the stimuli perspectives of transformational rural actors’ behaviors (TRAB) that shed light on rural transformation. This study contributes to synthesizing a new framework for conceptualizing transformational actors’ behaviors in rural development initiatives

Rice cultivation system with less water consumption for sustainable future

Rice is a main food for about one third of the world’s population. Besides, the demand for this crop is anticipated to rise with growing population of the world. Increasing the rice cultivation area can be a fulfillment to hit adequate rice production. Rice crop is mostly produced by conventional method with flooding the soil. Consequently, a remarkable amount of water is used for rice production. This fact emphasizes the necessity of finding a water-saving cultivation system concerning a sustainable future. Current two-round research studied different irrigation systems for rice under different cultivation methods including, original system of rice intensification (SRI), oblong-triangular system of rice intensification and conventional method in relation to water savings. Consequently, more than 40% water saving was observed in SRIs while higher water productivity recorded in these cultivation systems (> 7 kg ha-1 mm-1) compared to conventional method (> 4 kg ha-1 mm-1)

Evaluation of a quality improvement intervention to reduce anastomotic leak following right colectomy (EAGLE): pragmatic, batched stepped-wedge, cluster-randomized trial in 64 countries

Background Anastomotic leak affects 8 per cent of patients after right colectomy with a 10-fold increased risk of postoperative death. The EAGLE study aimed to develop and test whether an international, standardized quality improvement intervention could reduce anastomotic leaks. Methods The internationally intended protocol, iteratively co-developed by a multistage Delphi process, comprised an online educational module introducing risk stratification, an intraoperative checklist, and harmonized surgical techniques. Clusters (hospital teams) were randomized to one of three arms with varied sequences of intervention/data collection by a derived stepped-wedge batch design (at least 18 hospital teams per batch). Patients were blinded to the study allocation. Low- and middle-income country enrolment was encouraged. The primary outcome (assessed by intention to treat) was anastomotic leak rate, and subgroup analyses by module completion (at least 80 per cent of surgeons, high engagement; less than 50 per cent, low engagement) were preplanned. Results A total 355 hospital teams registered, with 332 from 64 countries (39.2 per cent low and middle income) included in the final analysis. The online modules were completed by half of the surgeons (2143 of 4411). The primary analysis included 3039 of the 3268 patients recruited (206 patients had no anastomosis and 23 were lost to follow-up), with anastomotic leaks arising before and after the intervention in 10.1 and 9.6 per cent respectively (adjusted OR 0.87, 95 per cent c.i. 0.59 to 1.30; P = 0.498). The proportion of surgeons completing the educational modules was an influence: the leak rate decreased from 12.2 per cent (61 of 500) before intervention to 5.1 per cent (24 of 473) after intervention in high-engagement centres (adjusted OR 0.36, 0.20 to 0.64; P < 0.001), but this was not observed in low-engagement hospitals (8.3 per cent (59 of 714) and 13.8 per cent (61 of 443) respectively; adjusted OR 2.09, 1.31 to 3.31). Conclusion Completion of globally available digital training by engaged teams can alter anastomotic leak rates. Registration number: NCT04270721 (http://www.clinicaltrials.gov)