Financial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC)
This paper aims to identify whether Malaysian State Islamic Religious Councils (SIRC) financial characteristics have a significant impact on the accountability of Malaysian State Islamic Religious Councils (SIRC). A content analysis approach was used to examine the extent and quality of disclosure i...
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my.usim-181062019-04-16T08:16:20Z Financial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC) Rosnia Masruki Khaled Hussainey Doaa Aly Financial impact accountability, disclosure State Islamic Religious Councils This paper aims to identify whether Malaysian State Islamic Religious Councils (SIRC) financial characteristics have a significant impact on the accountability of Malaysian State Islamic Religious Councils (SIRC). A content analysis approach was used to examine the extent and quality of disclosure in the annual reports of SIRC, indicating accountability of SIRCs. This paper used the self-developed disclosure index that applies specifically for SIRC. Multiple regression was used to examine the financial determinants of the extent and quality of disclosure. The result of the regression models revealed that the extent and quality of SIRC disclosure is influenced by organisational characteristic, namely size. This study suggests that disclosure in the annual report, in particular the non-financial performance, increases with the amount of zakat collection, thereby demonstrating SIRC‟s responsibility. Next, the control variable of accessibility is found to be significantly related to financial statements. Obliged to produce financial statements, SIRC are more likely to disclose more information in the financial statements. This research finding has important implications for regulators, policy makers and top officials in SIRC, by monitoring the quality of disclosure, supporting the notion of public accountability, which appreciates the public‟s right to get inform about SIRC. Despite the voluntary disclosure of a non-financial report, SIRC should consider producing a comprehensive annual report for the discharge of their accountability and thus, encourage more funding. They should be more transparent to enhance accessibility, concerning the extent and quality of the disclosure. 2019-04-16T08:16:20Z 2019-04-16T08:16:20Z 2018-12 Article http://ddms.usim.edu.my:80/jspui/handle/123456789/18106 en Universiti Sains Islam Malaysia |
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Financial impact accountability, disclosure State Islamic Religious Councils Rosnia Masruki Khaled Hussainey Doaa Aly Financial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC) |
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This paper aims to identify whether Malaysian State Islamic Religious Councils (SIRC) financial characteristics have a significant impact on the accountability of Malaysian State Islamic Religious Councils (SIRC). A content analysis approach was used to examine the extent and quality of disclosure in the annual reports of SIRC, indicating accountability of SIRCs. This paper used the self-developed disclosure index that applies specifically for SIRC. Multiple regression was used to examine the financial determinants of the extent and quality of disclosure. The result of the regression models revealed that the extent and quality of SIRC disclosure is influenced by organisational characteristic, namely size. This study suggests that disclosure in the annual report, in particular the non-financial performance, increases with the amount of zakat collection, thereby demonstrating SIRC‟s responsibility. Next, the control variable of accessibility is found to be significantly related to financial statements. Obliged to produce financial statements, SIRC are more likely to disclose more information in the financial statements. This research finding has important implications for regulators, policy makers and top officials in SIRC, by monitoring the quality of disclosure, supporting the notion of public accountability, which appreciates the public‟s right to get inform about SIRC. Despite the voluntary disclosure of a non-financial report, SIRC should consider producing a comprehensive annual report for the discharge of their accountability and thus, encourage more funding. They should be more transparent to enhance accessibility, concerning the extent and quality of the disclosure. |
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Article |
author |
Rosnia Masruki Khaled Hussainey Doaa Aly |
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Rosnia Masruki Khaled Hussainey Doaa Aly |
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Rosnia Masruki |
title |
Financial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC) |
title_short |
Financial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC) |
title_full |
Financial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC) |
title_fullStr |
Financial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC) |
title_full_unstemmed |
Financial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC) |
title_sort |
financial impact on the accountability of malaysian state islamic religious councils (sirc) |
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Universiti Sains Islam Malaysia |
publishDate |
2019 |
url |
http://ddms.usim.edu.my:80/jspui/handle/123456789/18106 |
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1645154619283734528 |