Risk management and internal control disclosure among Malaysian listed issuers / Raja Adzrin Raja Ahmad … [et al.]

Raja Ahmad, Raja Adzrin and Zakaria, Nor Balkish and Mohamed Yunos, Rahimah and Ahmad, Syahrul Ahmar and Abdullah, Norhidayah (2016) Risk management and internal control disclosure among Malaysian listed issuers / Raja Adzrin Raja Ahmad … [et al.]. Management & Accounting Review (MAR), 15 (1). pp. 1-18. ISSN 2550-1895

Abstract

Over the years, firms have been pressured by various stakeholders to be transparent about how they operate. In this regard, good corporate governance should ensure timely and accurate disclosure is made on a firm’s financial, risk management and internal control. Hence, the purpose of this study is to construct an index for risk management and internal control. This index used to assess the extents of Malaysian listed firms’ compliance of the risk management and internal control guidelines created for directors of listed issuers. The index was developed based on the requirements, under Paragraph 15.26(b) of Bursa Malaysia Securities Berhad’s Main Market Listing Requirements (‘Listing Requirements’), as guided by the ‘Statement on Risk Management and Internal Control: Guidelines for Directors of Listed Issuers’. This guideline, which was released on 31 December 2012, incorporates the revision made to the Statement on Risk Management & Internal Control: Guidelines for Directors of Listed Issuers (issued in 2000). The findings of this study reveal that the compliance score by the sample firms reach about 70 per cent. The result is beneficial to the industry led Task Force to ascertain how the revised guidelines were incorporated into corporate governance dislosure. The findings of this study could also be useful for firms to determine the adequacy of their risk management and internal control practices and ensure that these guidelines are communicated appropriately and effectively. This, in turn, will assist firms to achieve their corporate objectives and match stakeholders’ expectations within an ethical and healthy corporate culture.

Metadata

Item Type: Article
Creators:
CreatorsID Num. / Email
Raja Ahmad, Raja AdzrinUNSPECIFIED
Zakaria, Nor BalkishUNSPECIFIED
Mohamed Yunos, RahimahUNSPECIFIED
Ahmad, Syahrul AhmarUNSPECIFIED
Abdullah, NorhidayahUNSPECIFIED
Subjects: H Social Sciences > HD Industries. Land use. Labor > Management. Industrial Management
H Social Sciences > HD Industries. Land use. Labor > Risk management. Risk in industry. Operational risk
H Social Sciences > HD Industries. Land use. Labor > Risk management. Risk in industry. Operational risk > Malaysia
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Accountancy
Journal or Publication Title: Management & Accounting Review (MAR)
Journal: UiTM Journal > Management & Accounting Review
ISSN: 2550-1895
Volume: 15
Number: 1
Page Range: pp. 1-18
Official URL: http://arionline.uitm.edu.my/ojs/index.php/MAR/art...
Item ID: 31058
Uncontrolled Keywords: Disclosure, internal control, risk management
URI: http://ir.uitm.edu.my/id/eprint/31058

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