Browsing by Author Muhamad Sori, Zulkarnain

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Showing results 70 to 87 of 87
  • research in accounting vol 2_rosmila_zaidi_zulkarnain.pdf.jpg
  • Book


  • Authors: Senik, Rosmila; Mat Daud, Zaidi; Muhamad Sori, Zulkarnain (2009)

  • This book is written with the aim of providing reading and reference materials of accounting related studies that have been carried out in the Malaysian context. It will not only assist students and young researchers in conducting future research but can also be a source of reference to policymakers, implementer and relevant agencies in designing national policies. This book covers the area of corporate governance, accounting information system, financial reporting, performance measurement system, ethics, internal control and Syari'ah based accounting.

  • research issues in accounting_zulkarnain.pdf.jpg
  • Chapter in Book


  • Authors: Senik, Rosmila; Mat Daud, Zaidi; Muhamad Sori, Zulkarnain (2009)

  • This book consists of eleven selected research in accounting issues, which are looking from Malaysian context. The issues are ranging from attributes of ethical practices as part of management control system and practices, issues related to external auditing and board of directors (BOD) as corporate governance mechanisms, performance management systems design, use and development status, security threats of computerised accounting information system (CAIS) and urgent needs for the knowledge and applications of Syari'ah based Accounting (SbA) as Islamic Capital Market (ICM) is rapidly developing throughtout the world, including Malaysia.

  • chapter 4_revenue_recognition_Islamic_banks_Zulkarnain.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain (2019)

  • Accounting for revenue recognition has been a subject of interest for regulators and other market participants. The interest stems from the fact that revenue forms the greatest single item in the financial statements (FASB, 2002 , p. 1). Indeed, aggressive revenue recognition has always been associated with corporate financial scandals like Enron, Worldcom and Parmalat. It has been used to mask firms' real performance with the aim of preventing shareholders and stakeholders from scrutinizing their financial performance and other wrongdoings. The Securities and Exchange Commission in the US documented that mistake in revenue recognition as the lead issue in "financial reporting errors"...

  • selected_studies_in_accounting.pdf.jpg
  • Book


  • Authors: Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Abdul Latiff, Ahmed Razman; Muhamad Sori, Zulkarnain (2015)

  • This book incorporates selected empirical studies in accounting and finance. All studies were conducted in Malaysia content except one based on Egyptian data. We presented a total of nine chapters. One introductory chapter is followed by one chapter on issues related to auditing. Furthermore, we have two chapters on taxation, a chapter on accounting education and corporate governance respectively, and three chapters on finance. It is hoped that the book is of great value to readers for its meaningful contribution to progress in knowledge, policy making and practice.

  • selected_studies_in_accounting_and_finance_overview.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Abdul Latiff, Ahmed Razman (2015)

  • This book contains a compilation of studies on selected issues in accounting and finance. These studies are conducted in Malaysian context except one study based in Egypt. The studies cover significant topics in auditing, taxation, accounting education, corporate governance and finance.

  • shariah_committee_independence_insiders_view_shamser_eskandar_zulkarnain_2015.pdf.jpg
  • Industry Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015-03-25)

  • 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 results identified Shariah committee independence safeguards and threats, and implied better effectiveness through clearly defined meaning of independence and guidelines or code of best practices as a guide for the committee and related parties.

  • Shariah_boards_practical_challenges_for_Islamic_financial_institution_shamsher_zulkarnain_eskandar.jpg.jpg
  • Chapter in Book


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhamad Sori, Zulkarnain; Mohd Rasid, Mohamed Eskandar Shah (2017)

  • This chapter aims to logically show that the contemporary structure of shariah supervisory boards in banks have to move towards a more aggressive compliance mode to ensure Islamic banks meet the regulatory requirements fully for all processes involved in providing shariah compliant products and services, since the industry has been in operation for more than five decades. The rapid growth of Islamic finance in recent years; something similar to other new financial products in historical times; has attracted many financial institutions, who are taking a keen interest in this growth sector.

  • shariah committee and shariah governance .pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015)

  • Over the last few decades, the Islamic financial system has shown a strong and improved performance, where the global total assets of the industry as of end 2014 has exceeding USD2.0 trillion or a compounded annual growth rate (GACR) of 17.4% between 2009 and 2014. The Malaysia International Islamic Financial Centre (MIFC) reported monumental issuances in sovereign sukuks by the governments of the UK, Senegal, Hong Kong, South Africa and Luxembourg ammounting to USD 115 billion.

  • chapter 9_shariah_committees_shariah_governance_Zulkarnain et al.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2019)

  • This chapter discusses some challenges of Shariah Committees In Islamic financial institutions in dispensing their responsibilities in mitigating the non-compliance risks. The concept of shariah governance has its foundation in the Qur'an and the Sunnah. Shariah (which literally means "the way") is the divinely ordained guidelines of conduct for Muslims in all aspects of their life, which includes financial matters. Any form of transaction, irrespective of financial or otherwise, must be free of any element of injustice to the transacting parties. For financial transactions, any elemerit or form of activity that could be construed as 'riba' or injustice to any of the participants in t...

  • signailing_and_the_formation_of_audit_committee.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • Timely disclosure and transparency of material information is a hallmark of good governance, and is indispensable to strong financial markets. The growing interest in strengthening corporate governance internationally is due to the many cases of corporate abuse by public listed companies such as Bank of Credit and Commerce International (BCCI), Credit Lyonnais Bank, Barings Bank, Daiwa, Poly Peck, Maxwell, Sumitomo, Enron and Worldcom.

  • PhD_Sukuk_credit_rating_Mahmoud_alHomsi.pdf.jpg
  • PhD


  • Authors: Al Homsi, Mahmoud (2017)

  • Similar to bonds, sukuk are financing instruments that are subjected to default risks, or the probability that the borrower or issuer will meet their promised financial obligations. Essentially, sukuk are capital market financing instrument that is structured differently than conventional bonds with a requirement to comply with Shariah, using the proceeds in real economic activities and sharing the profits and loss from these activities (risk-sharing). The services of Credit Rating Agencies (CRAs) to provide information regarding default risks (signalled through credit ratings) mitigates the information asymmetrics between issuer and investor ...

  • item.jpg
  • Master


  • Authors: Mohd Ariff, Mohd Azwar Izet (2017)

  • This case study examines the issuance of Sukuk Ihsan, viewing it as the within the context of the first sustainable and responsible investment in Malaysia rather than simply a plain investment itself. Sustainable and responsible investment have focused primarily on Sustainable Development Goals (SDGs), and in doing so, Sukuk is blend with sustainable and responsible investment goals in making Sukuk more relevant and competitive in capital market. I examine issuance of Sukuk Ihsan with view of ensuring that sustainable and responsible investment sukuk characteristics is able to meet contemporary practice that will make it attractive for prospective buyers , thus improving the affordabi...

  • the_gatekeeper_of_financial_truth.pdf.jpg
  • Chapter in Book


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhamad Sori, Zulkarnain; Mohd Rasid, Mohamed Eskandar Shah (2015)

  • The concept of Shariah governance has its foundation in the Qur'an and the Sunnah. Shariah (which literally means "the way") is the divinely ordained guidelines of conduct for Muslims in all aspects of their life, which includes financial matters. Any form of transaction, irrespective of financial or otherwise, must be free of any element of injustice to the transacting parties.

  • effect of corporate governance structure.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Karbhari, Yusuf (2009)

  • Over the last few decades, a sizeable number of studies have examined the relationship between audit pricing model and corporate governance characteristics in developed economies (O'Sullivan and Diacon, 1994; Short et al., 1999; Peel & Clatworthy, 2001; Clatworthy & Peel, 2006; Yatim et al., 2006). The Cadbury Report (1992) viewed the auditor's report as "one of the corner stones of corporate governance". Peel and Clatworthy (2001) highlights that audit report contribute significantly towards "effective governance of modern corporations".

  • impact of audit committee existence on the external audit.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2009)

  • The efforts towards better corporate governance practices of firms in the Malaysian capital market were started by the Securities Commission (SC) as early as 1996 in three-phased shift disclosure-based regulations (DBR). During Phase 1 (1996-1999: Flexible/Hybrid Merit Based Regime), the emphasis was to regulate on disclosure, due diligence and corporate governance. Phase 2 (January 2000: Partial DBR) still focused on corporate disclosure, due diligence and corporate governance, but included focus on promotion of accountability and self-regulation. In Phase 3 (2001 onwards: Full DBR) the SC enforced high standards of disclosure, due diligence and corporate governance as well as exerci...

  • relationship between corporate governance practices.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Abdul Wahab, Sazali (2012)

  • The accounting profession plays a major role in facilitating good governance, accountability and transparency among corporate participants, and more importantly. It has become the 'gatekeeper of financial truth' (A-Kadir, 2000), Indeed, the role played by auditors was deemed to be the financial aspect of corporate governance. Good financial reporting is critical to effective functioning of the capital market.

  • understanding_malaysia_unique_governance.pdf.jpg
  • Chapter in Book


  • Authors: Nahar, Hairul Suhaimi; Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2012)

  • Prior research examining corporate governance issues across jurisdictional boundaries and market specificity (emerging and otherwise) have commonly adopted the functionalist approach of exploring governance implications towards specific economic phenomena covering among others, firm's performance and its reporting behaviour. These studies have utilized common research methods (often archival modeling) and theories (economic and management based) subscribing to the positivist paradigm in understanding specific research phenomena.

  • view_practice_stock_market_reaction_sukuk_credit_rating_changes_Malaysia_zulkarnain_shamsher.pdf.jpg
  • Journal Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; AlHomsi, Mahmoud (2019)

  • Documented evidence on conventional bond markets shows negative market reaction to bond credit rating downgrade and no reaction to credit rating upgrade. Despite the fact that sukuk issuances make up more than 58.8% of the value of outstanding bonds in the country and Malaysia issues at least half of the world's sukuk and is widely recognized as a leader in the sukuk space, there is no documented evidence on the stock market reaction to sukuk credit rating changes. This study analyzed the wealth effect of sukuk credit rating changes in Malaysia using 16 sukuk upgrades and 20 sukuk downgrades for the period 2000-2014. The evidence shows negative market reaction to downgrades and positi...

Browsing by Author Muhamad Sori, Zulkarnain

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 70 to 87 of 87
  • research in accounting vol 2_rosmila_zaidi_zulkarnain.pdf.jpg
  • Book


  • Authors: Senik, Rosmila; Mat Daud, Zaidi; Muhamad Sori, Zulkarnain (2009)

  • This book is written with the aim of providing reading and reference materials of accounting related studies that have been carried out in the Malaysian context. It will not only assist students and young researchers in conducting future research but can also be a source of reference to policymakers, implementer and relevant agencies in designing national policies. This book covers the area of corporate governance, accounting information system, financial reporting, performance measurement system, ethics, internal control and Syari'ah based accounting.

  • research issues in accounting_zulkarnain.pdf.jpg
  • Chapter in Book


  • Authors: Senik, Rosmila; Mat Daud, Zaidi; Muhamad Sori, Zulkarnain (2009)

  • This book consists of eleven selected research in accounting issues, which are looking from Malaysian context. The issues are ranging from attributes of ethical practices as part of management control system and practices, issues related to external auditing and board of directors (BOD) as corporate governance mechanisms, performance management systems design, use and development status, security threats of computerised accounting information system (CAIS) and urgent needs for the knowledge and applications of Syari'ah based Accounting (SbA) as Islamic Capital Market (ICM) is rapidly developing throughtout the world, including Malaysia.

  • chapter 4_revenue_recognition_Islamic_banks_Zulkarnain.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain (2019)

  • Accounting for revenue recognition has been a subject of interest for regulators and other market participants. The interest stems from the fact that revenue forms the greatest single item in the financial statements (FASB, 2002 , p. 1). Indeed, aggressive revenue recognition has always been associated with corporate financial scandals like Enron, Worldcom and Parmalat. It has been used to mask firms' real performance with the aim of preventing shareholders and stakeholders from scrutinizing their financial performance and other wrongdoings. The Securities and Exchange Commission in the US documented that mistake in revenue recognition as the lead issue in "financial reporting errors"...

  • selected_studies_in_accounting.pdf.jpg
  • Book


  • Authors: Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Abdul Latiff, Ahmed Razman; Muhamad Sori, Zulkarnain (2015)

  • This book incorporates selected empirical studies in accounting and finance. All studies were conducted in Malaysia content except one based on Egyptian data. We presented a total of nine chapters. One introductory chapter is followed by one chapter on issues related to auditing. Furthermore, we have two chapters on taxation, a chapter on accounting education and corporate governance respectively, and three chapters on finance. It is hoped that the book is of great value to readers for its meaningful contribution to progress in knowledge, policy making and practice.

  • selected_studies_in_accounting_and_finance_overview.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Abdul Latiff, Ahmed Razman (2015)

  • This book contains a compilation of studies on selected issues in accounting and finance. These studies are conducted in Malaysian context except one study based in Egypt. The studies cover significant topics in auditing, taxation, accounting education, corporate governance and finance.

  • shariah_committee_independence_insiders_view_shamser_eskandar_zulkarnain_2015.pdf.jpg
  • Industry Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015-03-25)

  • 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 results identified Shariah committee independence safeguards and threats, and implied better effectiveness through clearly defined meaning of independence and guidelines or code of best practices as a guide for the committee and related parties.

  • Shariah_boards_practical_challenges_for_Islamic_financial_institution_shamsher_zulkarnain_eskandar.jpg.jpg
  • Chapter in Book


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhamad Sori, Zulkarnain; Mohd Rasid, Mohamed Eskandar Shah (2017)

  • This chapter aims to logically show that the contemporary structure of shariah supervisory boards in banks have to move towards a more aggressive compliance mode to ensure Islamic banks meet the regulatory requirements fully for all processes involved in providing shariah compliant products and services, since the industry has been in operation for more than five decades. The rapid growth of Islamic finance in recent years; something similar to other new financial products in historical times; has attracted many financial institutions, who are taking a keen interest in this growth sector.

  • shariah committee and shariah governance .pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015)

  • Over the last few decades, the Islamic financial system has shown a strong and improved performance, where the global total assets of the industry as of end 2014 has exceeding USD2.0 trillion or a compounded annual growth rate (GACR) of 17.4% between 2009 and 2014. The Malaysia International Islamic Financial Centre (MIFC) reported monumental issuances in sovereign sukuks by the governments of the UK, Senegal, Hong Kong, South Africa and Luxembourg ammounting to USD 115 billion.

  • chapter 9_shariah_committees_shariah_governance_Zulkarnain et al.jpg.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2019)

  • This chapter discusses some challenges of Shariah Committees In Islamic financial institutions in dispensing their responsibilities in mitigating the non-compliance risks. The concept of shariah governance has its foundation in the Qur'an and the Sunnah. Shariah (which literally means "the way") is the divinely ordained guidelines of conduct for Muslims in all aspects of their life, which includes financial matters. Any form of transaction, irrespective of financial or otherwise, must be free of any element of injustice to the transacting parties. For financial transactions, any elemerit or form of activity that could be construed as 'riba' or injustice to any of the participants in t...

  • signailing_and_the_formation_of_audit_committee.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • Timely disclosure and transparency of material information is a hallmark of good governance, and is indispensable to strong financial markets. The growing interest in strengthening corporate governance internationally is due to the many cases of corporate abuse by public listed companies such as Bank of Credit and Commerce International (BCCI), Credit Lyonnais Bank, Barings Bank, Daiwa, Poly Peck, Maxwell, Sumitomo, Enron and Worldcom.

  • PhD_Sukuk_credit_rating_Mahmoud_alHomsi.pdf.jpg
  • PhD


  • Authors: Al Homsi, Mahmoud (2017)

  • Similar to bonds, sukuk are financing instruments that are subjected to default risks, or the probability that the borrower or issuer will meet their promised financial obligations. Essentially, sukuk are capital market financing instrument that is structured differently than conventional bonds with a requirement to comply with Shariah, using the proceeds in real economic activities and sharing the profits and loss from these activities (risk-sharing). The services of Credit Rating Agencies (CRAs) to provide information regarding default risks (signalled through credit ratings) mitigates the information asymmetrics between issuer and investor ...

  • item.jpg
  • Master


  • Authors: Mohd Ariff, Mohd Azwar Izet (2017)

  • This case study examines the issuance of Sukuk Ihsan, viewing it as the within the context of the first sustainable and responsible investment in Malaysia rather than simply a plain investment itself. Sustainable and responsible investment have focused primarily on Sustainable Development Goals (SDGs), and in doing so, Sukuk is blend with sustainable and responsible investment goals in making Sukuk more relevant and competitive in capital market. I examine issuance of Sukuk Ihsan with view of ensuring that sustainable and responsible investment sukuk characteristics is able to meet contemporary practice that will make it attractive for prospective buyers , thus improving the affordabi...

  • the_gatekeeper_of_financial_truth.pdf.jpg
  • Chapter in Book


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhamad Sori, Zulkarnain; Mohd Rasid, Mohamed Eskandar Shah (2015)

  • The concept of Shariah governance has its foundation in the Qur'an and the Sunnah. Shariah (which literally means "the way") is the divinely ordained guidelines of conduct for Muslims in all aspects of their life, which includes financial matters. Any form of transaction, irrespective of financial or otherwise, must be free of any element of injustice to the transacting parties.

  • effect of corporate governance structure.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Karbhari, Yusuf (2009)

  • Over the last few decades, a sizeable number of studies have examined the relationship between audit pricing model and corporate governance characteristics in developed economies (O'Sullivan and Diacon, 1994; Short et al., 1999; Peel & Clatworthy, 2001; Clatworthy & Peel, 2006; Yatim et al., 2006). The Cadbury Report (1992) viewed the auditor's report as "one of the corner stones of corporate governance". Peel and Clatworthy (2001) highlights that audit report contribute significantly towards "effective governance of modern corporations".

  • impact of audit committee existence on the external audit.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2009)

  • The efforts towards better corporate governance practices of firms in the Malaysian capital market were started by the Securities Commission (SC) as early as 1996 in three-phased shift disclosure-based regulations (DBR). During Phase 1 (1996-1999: Flexible/Hybrid Merit Based Regime), the emphasis was to regulate on disclosure, due diligence and corporate governance. Phase 2 (January 2000: Partial DBR) still focused on corporate disclosure, due diligence and corporate governance, but included focus on promotion of accountability and self-regulation. In Phase 3 (2001 onwards: Full DBR) the SC enforced high standards of disclosure, due diligence and corporate governance as well as exerci...

  • relationship between corporate governance practices.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Abdul Wahab, Sazali (2012)

  • The accounting profession plays a major role in facilitating good governance, accountability and transparency among corporate participants, and more importantly. It has become the 'gatekeeper of financial truth' (A-Kadir, 2000), Indeed, the role played by auditors was deemed to be the financial aspect of corporate governance. Good financial reporting is critical to effective functioning of the capital market.

  • understanding_malaysia_unique_governance.pdf.jpg
  • Chapter in Book


  • Authors: Nahar, Hairul Suhaimi; Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2012)

  • Prior research examining corporate governance issues across jurisdictional boundaries and market specificity (emerging and otherwise) have commonly adopted the functionalist approach of exploring governance implications towards specific economic phenomena covering among others, firm's performance and its reporting behaviour. These studies have utilized common research methods (often archival modeling) and theories (economic and management based) subscribing to the positivist paradigm in understanding specific research phenomena.

  • view_practice_stock_market_reaction_sukuk_credit_rating_changes_Malaysia_zulkarnain_shamsher.pdf.jpg
  • Journal Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; AlHomsi, Mahmoud (2019)

  • Documented evidence on conventional bond markets shows negative market reaction to bond credit rating downgrade and no reaction to credit rating upgrade. Despite the fact that sukuk issuances make up more than 58.8% of the value of outstanding bonds in the country and Malaysia issues at least half of the world's sukuk and is widely recognized as a leader in the sukuk space, there is no documented evidence on the stock market reaction to sukuk credit rating changes. This study analyzed the wealth effect of sukuk credit rating changes in Malaysia using 16 sukuk upgrades and 20 sukuk downgrades for the period 2000-2014. The evidence shows negative market reaction to downgrades and positi...