November 19th, 2018

By Professor Dr. Rozainun Haji Abdul Aziz

Introduction

This paper collates simple insights from input given by university lecturers towards developing an interest in writing articles and increasing the number of publications. The main problem identified is a lack of interest in writing articles by the university lecturers. The methodology used in this study is qualitative in nature whereby a physical 'free and easy' observation was made followed by casual interviews with a group of lecturers in Malaysia. Factors influencing writing motivation and deterrents against writing are delineated. It is hoped that the findings of this study will provide some direction towards establishing interest and motivating lecturers to develop a passion for writing, thereafter contributing to the University's aspiration towards active academicians with publications.

November 19th, 2018

By Professor Dr. Rozainun Haji Abdul Aziz and Associate Professor Dr. Indra Devi Kandasamy

INTRODUCTION

The intention of having a risk management system is to provide for readiness and plans to act upon any potential losses in a practical manner. Businesses, organizations, profit and non-profit entities, including individuals face a profusion of risks every day. Over the years, our risks increase geometrically due to modernization and development from history.

November 1st, 2018

By Associate Professor Dr. Zaini Ahmad, C.A (M), ACTIM and Associate Professor Johari Mohd Alwi, C.A (M), ACTIM 

Effective 2017, the audited financial statements of public listed companies (PLCs) for financial period ending on or after 15 December 2016 should include an enhanced format of the independent auditors’ report.  The most obvious change in the enhanced format of auditor’s report is the inclusion of Key Audit Matters (KAMs). KAMs are information with respect to areas the auditor spent the most effort on in the audit of the financial statements of the current period. In KAMs, the auditor shall explain the most risky and judgmental areas of audit and describe the audit approaches in those areas. Thus, KAMs reflect an in-depth discussion between the auditor as well as the management and directors on those areas. This new requirement will thus give essential information that is most relevant to the users of financial statements.

October 24th, 2018

By Muzrifah Mohamed and Nurul Fatma Aziz@Awang

The 2007-2009 global financial crisis is believed to have affected the Islamic finance sector to a lesser extent relative to its conventional counterpart (Smolo & Mirakhor, 2010). Consequently, Islamic financing was propelled into the limelight as an alternative investment. However, Islamic financing is seen by some critics as a subset of, and hence potentially correlated with the conventional financial system (Ahmed, 2014). More specifically, the operations of Islamic Financial Institutions are governed by the same rules and regulations used to govern the conventional financial system, which may not be in line with the maqasid al-shariah. These critics suggest that copying conventional financing mechanism and applying the Shariah make-up is an inaccurate representation of the Islamic financial system, thus, abrogating the beauty of Islamic financing (Ahmed, 2014).