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

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...

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Main Authors: Raja Ahmad, Raja Adzrin, Zakaria, Nor Balkish, Mohamed Yunos, Rahimah, Ahmad, Syahrul Ahmar, Abdullah, Norhidayah
Format: Article
Language:English
Published: Universiti Teknologi MARA Cawangan Selangor 2016
Subjects:
Online Access:http://ir.uitm.edu.my/id/eprint/31058/1/AJ_RAJA%20ADZRIN%20RAJA%20AHMAD%20MAR%20B%2016.pdf
http://ir.uitm.edu.my/id/eprint/31058/
http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/574
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Institution: Universiti Teknologi Mara
Language: English
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spelling my.uitm.ir.310582020-06-15T04:48:24Z http://ir.uitm.edu.my/id/eprint/31058/ Risk management and internal control disclosure among Malaysian listed issuers / Raja Adzrin Raja Ahmad … [et al.] Raja Ahmad, Raja Adzrin Zakaria, Nor Balkish Mohamed Yunos, Rahimah Ahmad, Syahrul Ahmar Abdullah, Norhidayah Management. Industrial Management Risk management. Risk in industry. Operational risk Malaysia 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. Universiti Teknologi MARA Cawangan Selangor 2016-06 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/31058/1/AJ_RAJA%20ADZRIN%20RAJA%20AHMAD%20MAR%20B%2016.pdf 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 http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/574
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 Management. Industrial Management
Risk management. Risk in industry. Operational risk
Malaysia
spellingShingle Management. Industrial Management
Risk management. Risk in industry. Operational risk
Malaysia
Raja Ahmad, Raja Adzrin
Zakaria, Nor Balkish
Mohamed Yunos, Rahimah
Ahmad, Syahrul Ahmar
Abdullah, Norhidayah
Risk management and internal control disclosure among Malaysian listed issuers / Raja Adzrin Raja Ahmad … [et al.]
description 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.
format Article
author Raja Ahmad, Raja Adzrin
Zakaria, Nor Balkish
Mohamed Yunos, Rahimah
Ahmad, Syahrul Ahmar
Abdullah, Norhidayah
author_facet Raja Ahmad, Raja Adzrin
Zakaria, Nor Balkish
Mohamed Yunos, Rahimah
Ahmad, Syahrul Ahmar
Abdullah, Norhidayah
author_sort Raja Ahmad, Raja Adzrin
title Risk management and internal control disclosure among Malaysian listed issuers / Raja Adzrin Raja Ahmad … [et al.]
title_short Risk management and internal control disclosure among Malaysian listed issuers / Raja Adzrin Raja Ahmad … [et al.]
title_full Risk management and internal control disclosure among Malaysian listed issuers / Raja Adzrin Raja Ahmad … [et al.]
title_fullStr Risk management and internal control disclosure among Malaysian listed issuers / Raja Adzrin Raja Ahmad … [et al.]
title_full_unstemmed Risk management and internal control disclosure among Malaysian listed issuers / Raja Adzrin Raja Ahmad … [et al.]
title_sort risk management and internal control disclosure among malaysian listed issuers / raja adzrin raja ahmad … [et al.]
publisher Universiti Teknologi MARA Cawangan Selangor
publishDate 2016
url http://ir.uitm.edu.my/id/eprint/31058/1/AJ_RAJA%20ADZRIN%20RAJA%20AHMAD%20MAR%20B%2016.pdf
http://ir.uitm.edu.my/id/eprint/31058/
http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/574
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