UPSI Digital Repository (UDRep)
Start | FAQ | About

QR Code Link :

Type :article
Subject :LB2300 Higher Education
Main Author :Azam Abdelhakeem Khalid
Additional Authors :Hazianti Abdul Halim
Adel M. Sarea
Title :Exploring undergraduate students awareness of internal shariah auditing in Malaysia
Place of Production :Tanjong Malim
Publisher :Fakulti Pengurusan dan Ekonomi
Year of Publication :2019
Corporate Name :Universiti Pendidikan Sultan Idris

Abstract : Universiti Pendidikan Sultan Idris
Purpose of the study: It is the goal of this study to explore selected Malaysian public universities undergraduates awareness and knowledge level of internal Shariah audit. Methodology: The research used the quantitative approach of the survey. A survey was administrated to undergraduate students in accounting and finance programs in selected Malaysian public universities. Main Findings: The results of this research may indicate the level of knowledge and awareness among accounting students in selected Malaysian public universities. The outcomes of this research could serve as a reference point for the public universities, regulatory and professional bodies in evaluating the execution of a complete internal Shariah audit’s framework. This research will help to enhance the accounting courses offered by selected Malaysian public universities. Applications of this study: This research may provide the accounting students and professional accountants the understanding of the importance of internal Shariah auditing in Malaysian IFIs. Novelty/Originality of this study: Awareness of Internal Shariah Auditing in public universities in Malaysia has not been extensively studied.

References

1. AAOIFI. (2010). Accounting, Auditing and Governance standards for Islamic financial institution.Manama, Bahrain. AAOIFI Publications para. 3-5, page No.22.

2. Rahman, A. R. A. (2010). Shariah audit for Islamic financial services: The needs and challenges. The Journal of Muamalat and Islamic Finance Research, 133-146.

3. Ali, N. A. M., & Shafii, Z. (2014). The Undergraduates' Perspective on Shariah Audit in Islamic Banks. Gading Journal for the Social Sciences, 18(01), 1-20.

4. Amin, H., Rahim Abdul Rahman, A., & Ramayah, T. (2009). What makes undergraduate students enroll in an elective course? The case of Islamic accounting. International Journal of Islamic and Middle Eastern Finance and Management, 2(4), 289-304.

5. BNM (2011). Shariah Governance Framework for Islamic Financial Institution (SGF). Adapted from websitehttp://www.bnm.gov.my. Accessed on 18 May 2019.

6. Halim, H. A. (2017). Understanding and Awareness of Islamic Accounting: The Case of Malaysian Accounting Undergraduates. International Journal of Academic Research in Accounting, Finance and Management Sciences, 7(4), 33-39.

7. Haniffa, R. (2010). Auditing Islamic financial institutions. Islamic finance: instrument and market: Qfinance. Page No. 109-112.

8. Hanefah, M. M. (2012). Governance and Shariah Audit in Islamic Financial Institutions. USIM Publisher, Page No. 143.

9. Karim, R. A. A. (1990). The independence of religious and external auditors: the case of Islamic banks. Accounting, Auditing & Accountability Journal, 3(3). Page No. 34-44.

10. Kasim, N., Ibrahim, M., Hameed, S., & Sulaiman, M. (2009). Shariah auditing in Islamic financial institutions: exploring the gap between the" desirable" and the" actual". Global Economy & Finance Journal, 2(2), 127-137.

11. Khan, Muhammad Akram, Role of the Auditor in an Islamic Economy (1985). Journal of King Abdulaziz University: Islamic Economics, Vol. 3, No. 1, 1985. Available at SSRN: https://ssrn.com/abstract=3115943.

12. Khalid, A. A., Haron, H., & Masron, T. A. (2018). Competency and effectiveness of internal Shariah audit in Islamic financial institutions. Journal of Islamic Accounting and Business Research, 9(2), 201-221.

13. Khalid, A. A., Haron, H. H., & Masron, T. A. (2017). Relationship between internal Shariah audit characteristics and its effectiveness. Humanomics, 33(2), 221-238.

14. Najeeb, S. F., & Mohamed Ibrahim, S.H. (2013). Professionalizing the role of shari’ah auditors: How Malaysia can generate economic benefits. Pacific-Basin Finance Journal, 30. DOI:10.1016/j.pacfin.2013.10.009

15. Othman, R., Ameer, R., & Choudhury, M. (2015). Conceptualizing the duties and roles of auditors in Islamic financial institutions: what makes them different? Humanomics, 31(2). Page No. 201-213.

16. PwC. (2011). Shari’ah Audit: Industry Insights. PriceWaterhouseCoopers Malaysia. (Adapted from the website at www.pwc.com/my) Accessed on 18 May 2019.

17. Shafii, Z., Salleh, S., Hanefah, H. M. M., & Jusoff, K. (2013). Human Capital Development in Shariah Audit. Middle East Journal for Scientific Research, Page No. 28-34.

18. Shahul, H., & Yaya, R. (2005). The objectives and characteristics of Islamic accounting: Perceptions of the Malaysian accountants and accounting academics. Malaysian Accounting Review (4)1. Page No. 75-92.

19. Stewart, J., & Subramaniam, N. (2010). Internal audit independence and objectivity: emerging research opportunities. Managerial Auditing Journal, 25(4), 328-360.

20. Yaacob, H. (2012). Issues and challenges of shari’ah audit in Islamic financial institutions: a contemporary view. 3rd International Conference on Business And Economic Research ( 3rd ICBER 2012 ) Proceeding 12 - 13 March 2012. Golden Flower Hotel, Bandung, Indonesia.

21. Yaacob, H., & Donglah, N.K. (2012). Shari’ah audit in Islamic financial institutions: The postgraduates’ perspective. International Journal of Economics and Finance , 4(12), 224–239. doi:10.5539/ijef.v4n12p224

22. Yaacob, H., Shafeek, F., & Hairul Nahar, H.S. (2013). Exploring undergraduate students’ understanding of shari’ah based audit: Implications for the future of shari’ah auditinglabor market in Brunei. Asian Journal of Finance & Accounting, 5(2), 84. doi:10.5296/ajfa.v5i2.4039.

23. Yahya, Y., & Mahzan, N. (2012). The Role of Internal Auditing In Ensuring Governance in Islamic Financial Institution (IFI). 3rd International Conference on Business And Economic Research ( 3rd ICBER 2012 ) Proceeding 12 - 13 March 2012. Golden Flower Hotel, Bandung, Indonesia.

24. Yussof, S. A. (2013). Prospects of a shariah audit framework for Islamic financial institutions in Malaysia. Islam and Civilisational Renewal (ICR), 4(1). Page No. 1-23.

 


This material may be protected under Copyright Act which governs the making of photocopies or reproductions of copyrighted materials.
You may use the digitized material for private study, scholarship, or research.

Back to previous page

Installed and configured by Bahagian Automasi, Perpustakaan Tuanku Bainun, Universiti Pendidikan Sultan Idris
If you have enquiries, kindly contact us at pustakasys@upsi.edu.my or 016-3630263. Office hours only.