Developing accountability disclosure index for Malaysian state Islamic religious concils (SIRCS): quantity and quality / Rosnia Masruki, Khaled Hussainey and Doaa Aly.

Masruki, Rosnia and Hussainey, Khaled and Aly, Doaa (2018) Developing accountability disclosure index for Malaysian state Islamic religious concils (SIRCS): quantity and quality / Rosnia Masruki, Khaled Hussainey and Doaa Aly. Management & Accounting Review (MAR), 17 (1). pp. 1-18. ISSN 2550-1895

Abstract

This study aims to develop Accountability Disclosure Index (ADI) for Malaysian State Islamic Religious Councils (SIRC), concerning both quantity and quality. In this case, the quality of disclosure items was developed based on the qualitative characteristics, which rely on the International Financial Reporting Standards (IFRS) conceptual framework; namely, relevance, faithful representation, understandability, comparability and timeliness. Each characteristic is scored based on the ‘benchmark’ score, ranging from poor (1) to excellent (5). However, some of the characteristics have been modified to contextualize the SIRC study setting. Both quantity and quality of disclosure items index might contribute to a methodology for analysing and evaluating annual reports. Results show fifty-seven items of disclosure information, which were regarded by stakeholders relevant to be disclosed by SIRC. Indeed, all these disclosure items should be disclosed in SIRC annual reports, so as to meet the expectations of a wide range of stakeholders. With regards to the quality of disclosure, two different sets of qualitative characteristics for non-financial and financial statement disclosure were designed. All five qualitative characteristics were adapted to measure the quality of financial disclosure, whereas for non-financial disclosure, 'timeliness' was dropped due to the voluntarily nature of non-financial disclosure.

Metadata

Item Type: Article
Creators:
CreatorsID Num. / Email
Masruki, RosniaUNSPECIFIED
Hussainey, KhaledUNSPECIFIED
Aly, DoaaUNSPECIFIED
Subjects: H Social Sciences > HB Economic Theory. Demography > Demographic surveys
H Social Sciences > HT Communities. Classes. Races > Races. Including race as a social group and race relations in general
Divisions: Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI)
Journal or Publication Title: Management & Accounting Review (MAR)
Journal: UiTM Journal > Management & Accounting Review
ISSN: 2550-1895
Volume: 17
Number: 1
Page Range: pp. 1-18
Item ID: 30283
Uncontrolled Keywords: Accountability, disclosure, Quantity of disclosure, Quality of disclosure, State Islamic Religious Councils (SIRCs)
URI: http://ir.uitm.edu.my/id/eprint/30283

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