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

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 Financia...

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Main Authors: Masruki, Rosnia, Hussainey, Khaled, Aly, Doaa
Format: Article
Language:English
Published: Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam 2018
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/30283/1/30283.pdf
https://ir.uitm.edu.my/id/eprint/30283/
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Institution: Universiti Teknologi Mara
Language: English
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spelling my.uitm.ir.302832022-06-15T02:21:19Z https://ir.uitm.edu.my/id/eprint/30283/ Developing an accountability disclosure index for Malaysian state Islamic religious concils (SIRCS): quantity and quality / Rosnia Masruki, Khaled Hussainey and Doaa Aly Masruki, Rosnia Hussainey, Khaled Aly, Doaa Demographic surveys Races. Including race as a social group and race relations in general 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. Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam 2018-04 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/30283/1/30283.pdf Developing an accountability disclosure index for Malaysian state Islamic religious concils (SIRCS): quantity and quality / Rosnia Masruki, Khaled Hussainey and Doaa Aly. (2018) Management & Accounting Review (MAR), 17 (1): 1. pp. 1-18. ISSN 2550-1895
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Demographic surveys
Races. Including race as a social group and race relations in general
spellingShingle Demographic surveys
Races. Including race as a social group and race relations in general
Masruki, Rosnia
Hussainey, Khaled
Aly, Doaa
Developing an accountability disclosure index for Malaysian state Islamic religious concils (SIRCS): quantity and quality / Rosnia Masruki, Khaled Hussainey and Doaa Aly
description 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.
format Article
author Masruki, Rosnia
Hussainey, Khaled
Aly, Doaa
author_facet Masruki, Rosnia
Hussainey, Khaled
Aly, Doaa
author_sort Masruki, Rosnia
title Developing an accountability disclosure index for Malaysian state Islamic religious concils (SIRCS): quantity and quality / Rosnia Masruki, Khaled Hussainey and Doaa Aly
title_short Developing an accountability disclosure index for Malaysian state Islamic religious concils (SIRCS): quantity and quality / Rosnia Masruki, Khaled Hussainey and Doaa Aly
title_full Developing an accountability disclosure index for Malaysian state Islamic religious concils (SIRCS): quantity and quality / Rosnia Masruki, Khaled Hussainey and Doaa Aly
title_fullStr Developing an accountability disclosure index for Malaysian state Islamic religious concils (SIRCS): quantity and quality / Rosnia Masruki, Khaled Hussainey and Doaa Aly
title_full_unstemmed Developing an accountability disclosure index for Malaysian state Islamic religious concils (SIRCS): quantity and quality / Rosnia Masruki, Khaled Hussainey and Doaa Aly
title_sort developing an accountability disclosure index for malaysian state islamic religious concils (sircs): quantity and quality / rosnia masruki, khaled hussainey and doaa aly
publisher Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam
publishDate 2018
url https://ir.uitm.edu.my/id/eprint/30283/1/30283.pdf
https://ir.uitm.edu.my/id/eprint/30283/
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