This study uses questionnaire approach to identify: (i) corporate distress warning signals of listed firms in an emerging capital market, Malaysia, (ii) the importance of each warning signal in conveying information to stakeholders, and (iii) the timeliness of each signal in alerting the...

This paper aims to present comparison of conceptual frameworks issued by the Malaysian Accounting Standards Board (MASB) (fully converge to the standards issued by the International Accounting Standards Board) and the Accounting and Auditing Organization for Islamic Financial Institutions...

Tragedy involves emotional learning as it captures accounts in different ways and happens as a remarkable scene to characterize the so-called auditory alarms. Drawing on historiography study, this paper explores the RMS Titanic with a view from Three-Alarms Theory (TAT). It discusses True Alarm,...

This paper examines the impact of using the ‘Effective Profit Rate Method' (EPRM) in estimating revenue from the financing activities of Islamic Banks (IBs). Data for the study were sourced from audited financial statements, Islamic finance contracts (i.e. Al Ijarah Thumma Al Bai @ Islamic...

The Central Bank of Malaysia (Bank Negara Malaysia or BNM) introduced the Shariah Governance Framework (SGF) in 2010 and required all Islamic Financial Institutions (IFIs) to fully implement in 2011. The objective is to provide a proper regulatory framework for IFIs to function within the...

Although not a near equivalent of conventional banking in terms of size, the global Islamic banking industry has grown at a very rapid pace in the last three decades. Malaysia has been at the forefront of this development since early 1980s and has earned a reputation of a global hub for Islamic...

Shariah committee independence has been highlighted by the Shariah Governance Framework as an important credential for an effective functioning of Shariah committees. This study examined Shariah committee independence of local IFIs as perceived by the shariah committee members of the IFIs. The...

An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled is important to ensure their business operations are Shariah compliant, which has implications on their reputation, Shariah Governance and the future growth of the...

This study seeks to evaluate the shareholder wealth effect of corporate name change by Malaysian listed companies. Our sample comprises both failed and non-failed Malaysian companies and standard event study methodology is employed. Our results indicate that corporate name changes have no impact...

The objective of this study is to ascertain the factors contributing towards the effectiveness of an internal audit function of Malaysian listed firms. This information is important in improving the quality of internal audit function. Identifying factors that enhance internal auditor...