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ICAS 2016 Proceedings

Proceedings of the International Conference on Accounting Studies (ICAS) 2016
Edited by Aidi Ahmi, Siti Zabedah Saidin, Oluwatoyin Muse Johnson Popoola, Norfaiezah Sawandi and Hasnah Shaari
ISBN 978-967-0910-27-7
Published by Institute for Strategic and Sustainable Accounting Development (ISSAD), Tunku Puteri Intan Safinaz School of Accountancy, Universiti Utara Malaysia, UUM Sintok, Kedah, Malaysia

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Abstract: The changing trend to electronic device instead of manual filing system could enhance the collection of revenue and expedite the process. In fact, it could help in reducing the burden and time of routine task. However, the acceptability level is still a major concern in certain area in government ap...
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Abstract: Currency exchange rate volatility can affect the natural rubber price because most agricultural commodities are traded in USD. The objectives of the study is to determine the impact of exchange rate volatility on both natural rubber (NR) prices of (SMR20 and RSS4); and forecast a short-term exchange...
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Abstract: The motivation of this study stems from the importance of protecting investors’ rights, and particularly those of minority shareholders. This study addresses the predominant control-ownership structure of the top 100 firms listed in Bursa Istanbul (BI) using the data for 2015. It shows the mos...
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Abstract: Mutawalli’s accountability is a pressing issue as it is inextricably linked to awqaf institution’s sustainability and survival. Being a manager to awqaf assets, mutawalli’s accountability is therefore expected to influence donators’ confidence and hence their continuous finan...
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Abstract: The purpose of this paper is to address the corporate governance system in Nigeria as to whether it is likely capable of mitigating the agency problem. Following an overview of both the market-based and the institutionally-based corporate governance models the authors propose the institutionally-bas...
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Abstract: The purpose of the study was to identify the significance of selected components of corporate governance over performance of companies listed in Bursa Malaysia. In this study the most important components of corporate governance; including board independence, board size, board expertise, audit commi...
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Abstract: This study focuses on exploring the adoption of Computer-Assisted Audit Tool and Techniques (CAATTs) among audit firms in Malaysia. This study also analyzed the reasons for the adoption of CAATTs by audit firms. This study used an interview method to explore what are the type of CAATTs adopted by th...
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Abstract: The fast growing trend of information technology (IT) transformation in the organisation and huge IT investment by Malaysian Government have triggered the significance of IT risk and its related controls. Besides, technology-enabled auditing and IT oriented audit procedures have become crucial when ...
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Abstract: Public sector performance auditing poses significant role in appraising the accountability of government through monitoring the operation of public power, especially how public resources are being used. In parallel, follow-up audit appear to be important to recheck on the responsiveness of auditee t...
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Abstract: The growing needs for quality in education had forced institutions of higher learning (IHL) to become more competitively responsible. In order to response to this competitive environment, IHL must adopt the most suitable performance measurement system in measuring their performances. The adoption of...
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Abstract: Towards realizing Malaysia’s Vision 2020, Corporate Social Responsibility (CSR) has been viewed as an important part for a business to succeed. With the increasing awareness and global demand for better CSR practices, companies need recognize and adopt them into their management practices. How...
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Abstract: The purpose of this paper is to review critically the intellectual capital (IC) measurement models found in the literature. In general, there are two broad approaches used in measuring IC: the direct and indirect methods. Each approach is reviewed by discussing the essence of the measurement models ...
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Abstract: This study investigates the relationship between the bank strategic positioning and performance. A central question in the management literature has been to identify the sources of competitive advantage that allow firms to attain and persistent superior performance over their competitors. Banks can ...
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Abstract: This study examines the relationship between corporate social responsibility (CSR) dimensions and financial performance in the Nigerian listed companies. The population of the study is 196 listed companies in the Nigerian stock exchange. The sample is determined to be 130 companies out of which 99 r...
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Abstract: The independence of non-executive directors has long been a concern. The independent directors are not only required to be independent from management but also free from any other relationships which can interfere with their objectivity. Recently, the concern has been focused on long tenure of indep...
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Abstract: This paper examines the impact of fraud specific problem representation (FSPR) on the relationship with Accountants’ Skills Requirement (SR) and Fraud risk assessment (FRA) in the Nigerian public sector. The research methodology is quantitative with cross-sectional design and survey. The respo...
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Abstract: Government Linked Companies serve as the backbone of Malaysia’s economy by contributing to 35 percent of the Gross Domestic Product (GDP) and employing more than 270,000 employees. By definition, Government Linked Companies are government business entities that are privatised and are major sha...
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Abstract: It has been proved by the prior studies that the low achievement among secondary school students in financial accounting is due to the persistent use of conventional teaching approach where students put all their focus on the teacher. The conventional teaching approach was found to be less effective...
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Abstract: Recently, there has been a growing criticism on the internal audit profession for the failure to discharge their responsibility as independent assurers diligently. Amongst the root causes that contribute to the flaws in internal audit judgment is the objectivity issue. The dual roles of an internal ...
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Abstract: This paper, by drawing upon accountability theories, aims to explore and examine practices related to discharging economic and legal accountability in Malaysian unit trust industry. The evidence was primarily constructed from two main sources, documentary review and in-depth interviews. Document rev...
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Abstract: Financial statement fraud involves the manipulation of financial accounts by overstating assets, sales and profit, understating liabilities and expenses. One of the causes of financial statement fraud is due to threat of bankruptcy. This study explores the effectiveness of Altman Z-Score in predicti...
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Abstract: In the past 30 years, Islamic banks have developed tremendously across the various countries. Currently, challenges occurring in the global financial market operations have affected the development of Islamic banking practice. Key reports in the field have suggested that CSR activities are important...
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Abstract: This paper offers additional worth insights and knowledge to enhance our understanding of the causes of fraud beyond fraud triangle framework by analyzing the worst current corporate scandals from various perspective of theories. These insights are synthesized from contemporary thinking and current ...
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Abstract: Recent studies show that macroeconomic research has evolved independent of accounting research with a focus on economic indices, without incorporating accounting aggregates. The write up seeks to investigate the informativeness of aggregate accounting earnings obtainable from the capital markets on ...
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Abstract: This study examines the clarity of the public ruling on the interpretation of section 4A of the Income Tax Act 1967 (ITA) in respect of withholding tax for better compliance. Section 4A of the ITA imposes the statutory obligation of withholding tax on income derived from Malaysia by the non-resident...
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Abstract: The objective of the current study is to provide empirical evidence on determinants of corporate socialresponsibility (CSR) disclosure (CSRD) of banks in Yemen. Legitimacy theory is used to support thehypotheses. The data are collected from annual reports of 18 banks from 2011 to 2013. CSRD, based o...
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Abstract: Prior studies examine the influence of institutional ownership and managerial ownership on earnings management with conflicting results. This research investigates the inconsistent results with a developed framework through the interaction effect of institutional ownership and firm size on the relat...
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Abstract: The purpose of this research is to examine the effect of stakeholder pressure and corporate governance on the quality of sustainability report. We use environment, employee, consumer, and shareholder as stakeholder while the board of commissioner effectiveness and family ownership are used as corpor...
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Abstract: This study addresses the relationship between audit committee characteristics and family firm’s performance in Indonesia. The samples use 122 family-controlled companies which are listed in Indonesia Stock Exchange from 2010 to 2014. The findings reveal that audit committee size has a positive...
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Abstract: This study examines the effect of audit committee characteristics namely audit committee independence, accounting background of the audit committee chairman and financial expertise of audit committee members on the financial restatements of the public listed companies in Malaysia. Previous studies t...
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Abstract: The objective of this study is to examine the extent of audit report lag (ARL) in the United Arab Emirates (UAE). The ARL is well defined in the literature as the number of days between the date of the financial year end and the date of the audit report. The data of the study consists of 298 observa...
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Abstract: This study investigates the association between types of institutional investors and audit report lag in Malaysian public listed firms. Our sample consists of 434 companies for the financial year 2009. We find a negative relationship between the long-term institutional investors and audit delay. How...
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Abstract: Fraud described as an unlawful act that portrays a violation of trust, deceit, or concealment and which does not essentially rely on applying it, or physical force threatening or violence. The Internal factors inspire and dishearten fraud in the sense of outcome deliverables. This paper discusses th...
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Abstract: The focus of many governments, academicians, regulatory bodies, and shareholders have been the cause of the economic meltdown with emphasis on monitoring mechanisms to reduce information asymmetry in public and private companies. In the light of this, this study examines the relationship between boa...
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Abstract: This paper examines the relationship between the development expenditure, investment and trade balance in relation to Gross Domestic Product (GDP). The study applied the simultaneous equation model, in particularly two-stage least squares method (TSLS) estimation method. The result showed that Inves...
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Abstract: The purpose of this study is to demonstrate how a state owned enterprise (SOE) responded towards governmental regulations for better governance. Given the pressure to fulfil both economic and social objectives, the case SOE had adopted and implemented the balanced scorecard (BSC). Data was collected...
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Abstract: With the European Directive coming into force in 2016 concerning disclosure of non-financial information by large European companies and groups, it is important to explore one of European corporations ‘best practices’ non-financial disclosures in its public statements. This paper analyse...
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Abstract: Valuation of equity has been an important integral aspect of investment decision. Investment analyst value stocks for investors who wish to buy or sell their stocks. One of the ways of valuing equity is through the use of Equity Valuation Multiples (EVMs). In spite the practical application of valua...
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Abstract: This study posits that there are two main motivations for impairment reversals. First, the impaired assets have recovered so the reversal is required for the carrying amount to accurately reflect the current economic value of the assets. Second, firms reverse the previously recognized impairment los...
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Abstract: The internationalization of markets, the increased awareness of socio-environmental issues and of the holistic approach to value creation, as well as the pressure of the financial crisis, have made increasingly clear the role that companies play in maintaining a sustainable environment. In this pers...
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Abstract: Over the years, organisation wrongdoing cases across the world have increased and are expected to continue to occur in the future. Whistle-blowing has been identified as a source of information on wrongdoings or questionable practices that have occurred in organisation. Whistle-blowing is increasing...
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Abstract: This study conducts a comparison on the effectiveness of the Law Enforcement Agencies (LEAs) of Australia and Malaysia based on the Mutual Evaluation Report (MER) provided by the Financial Action Task Force (FATF). The results show both countries have the power needed to investigate money laundering...
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Abstract: The increasing rate of financial irregularities, fraud, and mismanagement rocking Nigerian Tertiary Institutions calls for concern. Despite all control measures put in place by the government, coordinating and regulating agencies, and the institutions themselves, lack of transparency and accountabil...
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Abstract: In the aftermath of the Asian financial crisis 1997-1998, there are signs that, corporate governance in Malaysia is gradually converging towards the Anglo-American model. Drawing on the institutional theory, this study investigates a previously unexplored phenomenon in corporate governance reformati...
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Abstract: Performance of manufacturing industry in Iraq has been declining over the last few decades. Worst still, many companies in the manufacturing sector in Iraq are yet to adopt Balanced Scorecard (BSC) to improve their performance despite its potency ensure to achieve competitive advantage and better pe...
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Abstract: This study aims to examine the difference of financial behaviour on demographic background among Kolej MARA Kuala Nerang (KMKN) students. A sample of 350 active students was selected to complete an internet survey, consisting of questions on students’ demographic background and financial behav...
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Abstract: The aim of the study is to investigate the effect of different type of ownership structure on firm performance proxied by market measure (market to book value, MTBV) based on companies listed on Bursa Malaysia in the year 2006 to 2010. Firm performance in this study is proxied by market measure (mar...
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Abstract: The study investigated the effects of IFRS adoption on earnings management of non-financial quoted companies in Nigeria. The study utilises a sample of seventy-five non-financial quoted companies in Nigeria that has consistently published their audited annual financial report between 2010 and 2014. ...
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Abstract: Budgetary slack is an example of dysfunctional behavior as a result of the participative budgeting process. Budgetary slack is the behavior of making underestimated revenue and overestimated cost. The purpose of budgetary slack is to make budget target easier to achieve and also to make the performa...
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Abstract: Burnout is physical, emotional and mental exhaustion resulting from chronic emotional burden. One antecedent factor of burnout is role stressor. The dimensions of role stressors are role conflict, role ambiguity, and role overload. These dimensions are strengthening by personality types. One persona...
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Abstract: The main aim of this study is to deal with fraudulent financial statement in business organizations. This study suggests that whistleblowing system and staff awareness of fraud empirically can minimize and mitigate financial statement fraudulently reported. Apart from that, this study also finds sev...
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Abstract: The objective of this study is to develop a mandatory disclosure index (MDI) of financial statements for local government in Malaysia. The method for developing the MDI is based on the legal and regulatory requirements and related literature. This study adopted the procedure suggested by Gore (2002)...
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Abstract: This paper aims to carry out a cost-benefit analysis of a new product development from a by-product. In this case, the by- product is organic broken-milled rice and the new product development is organic rice pudding. Data was obtained from multi supply chain of a primary data, for instance, farmers...
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Abstract: Annual reports are the most comprehensive documents available for public and become one of primary source for researchers. Currently, there is no international standard for annual report content and presentation. Every country has their own regulations on annual reports. One of the components must b...
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Abstract: The purpose of this study is to examine the cost recovery impact on national budget (APBN) and state shared fund (DBH).The analysis of this research unit is on upstream of oil and gas industry which is managed by the Indonesian government with Production Sharing Contract for 44 companies. The popula...
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