Audit committee of cooperatives in Malaysia: level of competency / Yusri Huzaimi Mat Jusoh and Noor Marini Abdullah

This study investigated the level of competency amongst audit committees (ACs) of Malaysian cooperatives (coops). AC competency (with proxies of educational background and accounting knowledge) has emerged as a significant theme in corporate governance debates. AC that possesses accounting knowledge...

全面介紹

Saved in:
書目詳細資料
Main Authors: Mat Jusoh, Yusri Huzaimi, Abdullah, Noor Marini
格式: Article
語言:English
出版: 2018
主題:
在線閱讀:https://ir.uitm.edu.my/id/eprint/86673/1/86673.pdf
https://ir.uitm.edu.my/id/eprint/86673/
https://e-ajuitmct.uitm.edu.my/v3/
標簽: 添加標簽
沒有標簽, 成為第一個標記此記錄!
機構: Universiti Teknologi Mara
語言: English
id my.uitm.ir.86673
record_format eprints
spelling my.uitm.ir.866732023-11-13T10:22:42Z https://ir.uitm.edu.my/id/eprint/86673/ Audit committee of cooperatives in Malaysia: level of competency / Yusri Huzaimi Mat Jusoh and Noor Marini Abdullah eaj Mat Jusoh, Yusri Huzaimi Abdullah, Noor Marini Public accounting. Auditing This study investigated the level of competency amongst audit committees (ACs) of Malaysian cooperatives (coops). AC competency (with proxies of educational background and accounting knowledge) has emerged as a significant theme in corporate governance debates. AC that possesses accounting knowledge is associated with effective monitoring. As such, this study employed 384 AC members as respondents representing large-, medium-, and small-sized coops. As a result, this study revealed that only 12.7 % of ACs held first degree, while almost half of them only possessed secondary level of education. In terms of accounting knowledge, only 10.1 % of the AC members possessed professional knowledge related to the abilities of analysing and issuing opinions on financial reporting, as well as providing added value to coops. Besides, only 5.2 % of the ACs fell under the technical level, which is associated with the ability to prepare and to understand financial reports, but not to the extent of analysing them. Meanwhile, 29.7% of the AC members had intermediate knowledge linked with the capability of preparing reports in accordance to specific format without the ability to comprehend them. Surprisingly, 23.4 % of the AC members were novice, hence lacked knowledge in accounting. 2018 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/86673/1/86673.pdf Audit committee of cooperatives in Malaysia: level of competency / Yusri Huzaimi Mat Jusoh and Noor Marini Abdullah. (2018) e-Academia Journal <https://ir.uitm.edu.my/view/publication/e-Academia_Journal/>, 8. pp. 217-223. ISSN 2289 - 6589 https://e-ajuitmct.uitm.edu.my/v3/
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 Public accounting. Auditing
spellingShingle Public accounting. Auditing
Mat Jusoh, Yusri Huzaimi
Abdullah, Noor Marini
Audit committee of cooperatives in Malaysia: level of competency / Yusri Huzaimi Mat Jusoh and Noor Marini Abdullah
description This study investigated the level of competency amongst audit committees (ACs) of Malaysian cooperatives (coops). AC competency (with proxies of educational background and accounting knowledge) has emerged as a significant theme in corporate governance debates. AC that possesses accounting knowledge is associated with effective monitoring. As such, this study employed 384 AC members as respondents representing large-, medium-, and small-sized coops. As a result, this study revealed that only 12.7 % of ACs held first degree, while almost half of them only possessed secondary level of education. In terms of accounting knowledge, only 10.1 % of the AC members possessed professional knowledge related to the abilities of analysing and issuing opinions on financial reporting, as well as providing added value to coops. Besides, only 5.2 % of the ACs fell under the technical level, which is associated with the ability to prepare and to understand financial reports, but not to the extent of analysing them. Meanwhile, 29.7% of the AC members had intermediate knowledge linked with the capability of preparing reports in accordance to specific format without the ability to comprehend them. Surprisingly, 23.4 % of the AC members were novice, hence lacked knowledge in accounting.
format Article
author Mat Jusoh, Yusri Huzaimi
Abdullah, Noor Marini
author_facet Mat Jusoh, Yusri Huzaimi
Abdullah, Noor Marini
author_sort Mat Jusoh, Yusri Huzaimi
title Audit committee of cooperatives in Malaysia: level of competency / Yusri Huzaimi Mat Jusoh and Noor Marini Abdullah
title_short Audit committee of cooperatives in Malaysia: level of competency / Yusri Huzaimi Mat Jusoh and Noor Marini Abdullah
title_full Audit committee of cooperatives in Malaysia: level of competency / Yusri Huzaimi Mat Jusoh and Noor Marini Abdullah
title_fullStr Audit committee of cooperatives in Malaysia: level of competency / Yusri Huzaimi Mat Jusoh and Noor Marini Abdullah
title_full_unstemmed Audit committee of cooperatives in Malaysia: level of competency / Yusri Huzaimi Mat Jusoh and Noor Marini Abdullah
title_sort audit committee of cooperatives in malaysia: level of competency / yusri huzaimi mat jusoh and noor marini abdullah
publishDate 2018
url https://ir.uitm.edu.my/id/eprint/86673/1/86673.pdf
https://ir.uitm.edu.my/id/eprint/86673/
https://e-ajuitmct.uitm.edu.my/v3/
_version_ 1783882299255816192