MAREF NEWSBackgroundThe Malaysian Accountancy Research and Education Foundation(MAREF), a corporate body established under theTrustee (Incorporation) Act 1952, was formed by the MalaysianInstitute of Accountants (MIA) in 1990 for the promotion, encouragementand advancement of accountancy research andeducation in Malaysia. Since its inception, MAREF has fundedmore than 35 research projects on various topics related to theaccountancy industry.ObjectivesThe objectives of MAREF are:To encourage and promote the advancement and developmentof accountancy in Malaysia.To carry out legally charitable activities for the advancementof education and training in the profession.To carry out research and to promote the development ofaccounting and auditing standards.To publish and disseminate literature for the advancement ofthe accounting profession.COMMISSIONED RESEARCH PROJECT BETWEEN MAREF,MIA & UMThe Board Of Trustees (BOT) on 7 March 2008 approved aresearch grant to conduct a study entitled “Current UsagePatterns of Business and Professional Services Among SMEs inthe Manufacturing and Distributive Trade Sectors” based on aproposal submitted by MIA. The study will be conducted bymembers of the Faculty of Business and Accountancy, Universityof Malaya, led by Associate Professor Dr Ong Fon Sim. Thefirst preliminary report is expected to be presented during theMIA CPA Australia Public Accountants’ Conference scheduled tobe held in August 2008.The study is expected to :188.8.131.52.5.6.Gain an understanding of the needs of SMEs for businesssupport servicesIdentify support services (accredited and non-accreditedprofessional services) that will assist SMEs in defining andbuilding competitive advantageAssess the extent of the demand for such servicesIdentify the types and extent of use of services that SMEscurrently obtain from public accountantsGauge the level of satisfaction among SMEs regarding thecurrent types and scope of services provided by publicaccountantsidentify the opportunities that could be tapped by publicaccountants based on a gap analysis of demand forservices and the current level of services provided bypublic accountants1)2)3)4)5)6)ON-GOING RESEARCH PROJECT 2007-2008“An Investigation of Malaysian Auditors’ Self-PerceivedInformation Technologies Knowledge Level: An EmpiricalAssessment” by Assoc. Prof. Dr Noor Azizi, UniversityUtara Malaysia. The research will identify the relevantinformation technologies from the perspective of auditors inMalaysia; it will examine the actual level of knowledge ofinformation technologies held by auditors in Malaysia, and itwill examine the fit between the relevant technologies andthe actual levels of knowledge of these technologies amongauditors in Malaysia.“Determinants of Accounting Students’ IntentionTowards Malaysian Institute of Accountants (MIA) Membership”by En. Zainol b Bidin, University Utara Malaysia.The general objective of the study is to investigate the factorsthat influence accounting graduates’ intention to take up MIAmembership by using the Theory of Planned Behaviour(TPB) model. This study is designed with two specific objectives:to identify variables that significantly predict the intentionto become a MIA member and to investigate the strengthof factors that are related to the intention to become a MIAmember.“Corporate Environmental Reporting by Companieslisted on Bursa Saham Malaysia an Assessment ofCompanies Attitude” by Assoc. Prof. Dr Nik Nazli NikAhmad, International Islamic University Malaysia. Theoverall objective of the study is to examine the attitudes ofcompanies listed on the Main Board of Bursa Malaysia withregard to Corporate Environmental Reporting (CER) andenvironmental governance. Specifically, the proposedresearch has the following objectives: to assess the currentstatus of CER practices of these companies; to examinemanagers’ opinions on CER relating to proposed contents,format and target audience; to understand corporate incentivesand motives for CER.“Audit Qualifications and Corporate Governance Characteristicsof Private Companies in Malaysia” by DrZakiah Muhammaddun Mohamed, University KebangsaanMalaysia. The research aims to provide new insights into thefinancial reporting quality of private companies in Malaysia.In addition, this study examines the relationship between thedifferent types of audit qualification and the corporate governancecharacteristics of companies.“Financial Reporting Delay and Key Performance Indicatorsof Malaysian Co-operatives” ” by Assoc. Prof. Dr.Noorhayati Mansor, University Malaysia Sabah. Thisresearch will examine the pattern and determinants of delayin reporting among Malaysian cooperative and to proposekey performance indicators (KPIs) as ‘headline KPIs” for thepurpose of systematic monitoring and performance managementof Malaysian cooperatives.“Cooperatives’ Ratings and Audit Report : A PreliminaryStudy of Current Practices in Sabah and Sarawak” byAssoc. Prof. Dr. Noorhayati Mansor, University MalaysiaSabah. This research will assess the pattern of capital
The Malaysian Accountancy Research and Education Foundationwww.maref.org.my7)expenditures among Malaysian listed companies, examinethe roles of internal cash flows, insiders’ ownership andinvestment opportunities on capital expenditures decisions,and also examine the relationship between capital expendituresand the performance of public listed companies .“Improving Audit Committee Diligence in Malaysia Companies”by Dr. Md Saaid Sailan, UNITEN. The study aims toexamine how diligence can be enhanced in order to achieveaudit committee effectiveness. This study is also designedwith three specific objectives: to identify the significantfactors that influence audit committee diligence; to develop atool to measure audit committee diligence; to measure thelevel of diligence of the audit committee.MAREF and the Institute of Integrity Malaysia signed a MOUin May 2006 to conduct a joint Research and Developmentproject entitled “Strengthening Good Corporate Governanceand Ethical Business Practices within the Malaysian PrivateSectors”. The research was completed in June 2007 and sixresearch papers have been published as monographs. Thecomplete monograph set, priced at RM40, is available fromthe MAREF office.Malaysian Accounting Review8)“Directors’ Remuneration and Ownership Structure :The Case of Bursa Malaysia Companies” by Assoc. Prof.Dr Azham Md Ali, University Utara Malaysia. The objectivesof the research are to examine the remuneration componentand disclosure practices of directors’ remuneration in MalaysiaPublic Listed Companies in relation to the concentrationof corporate control based on the identity of the owner (eg.Government-linked companies, founder-linked companies,institutional-linked companies, foreign-owned companies);and to examine the rationale and process of setting of directors’remuneration implemented by Malaysian PLCs.MAREF PUBLICATIONCorporate Integrity Framework Research Monographs.ContentsEarnings Management and Deferred TaxCorporate Social Reporting in Malaysia: A PoliticalTheory PerspectiveThe Implication of Tax Rates on Corporate Capital InvestmentCorporate Governance, Professional Regulation and Audit QualityProfessional Student’s Technology Readiness, Prior ComputingExperience and Acceptance of an E-Learning SystemAccounting Students’ Perceptions of Effective Teaching Methods andInstructor Characteristics: Some Malaysian EvidenceVoluntary Annual Report Disclosures by MalaysianMultinational CorporationsThe Malaysian Accounting Review is an international referredjournal jointly published by the Faculty of Accountancy,Universiti Teknologi MARA, Malaysia, and the MalaysianAccountancy Research & Education Foundation of the MalaysianInstitute of Accountants.This journal is launched in the hope of stimulating qualityresearch into accounting and accounting-related areas.Researchers are strongly encouraged to use this publicationas a platform for disseminating their research findings tomembers of academia and the community at large.There are currently six volumes of this publication, which canbe purchased for RM40 per volume. For further informationplease visit our website or contact our office.
Contribution to The FoundationThe Trustees would like to record their appreciation to all members of MIA whohave generously donated to the Foundation since its inception. The Trusteeswould like to appeal to the members of MIA to continue their support for theFoundation. MAREF is an approved tax exempt non-profit foundation as definedunder Section 44(6) Income Tax Act 1967. All donation made toward the funds ofthis foundation is exempted from income tax. Donors will be issued a receipt toclaim for deduction for tax purposes.We wish to congratulate the winners for MIA-MAREF Outstanding Research Paper Award 2007.1st Prize“Service Quality, Client Satisfaction and Loyalty TowardsAudit Firm”.Researcher : Professor Dr. Hasnah HaronUniversity : Universiti Sains Malaysia2nd Prize“A Note on Market Competition, Advance ManufacturingTechnology and Management Accounting and ControlSystems Change”.Researcher : Dr. Che Ruhana IsaUniversity : Universiti Malaya3rd Prize“An Examination of the Random Walk Model and TechnicalTrading Rules”.Researcher : Lai Ming MingUniversity : Malaysia Multimedia University4th Prize“A Review of Takaful Accounting Regulations and Practicesin Malaysia”.Researcher : Dr. Shahul Hameed Mohamed IbrahimUniversity : International Islamic University Malaysia5th Prize“The Utilisation of Tax Investment Incentives on EnviromentalProtection Activities among Malaysian Company”.Researcher : Mohmad Sakarnor Bin DerisUniversity : Universiti Tenaga Nasional6th Prize“The Reliance of External Auditors on Internal Auditors”.Researcher : Professor Dr. Hasnah HaronUniversity : Universiti Sains Malaysia7th Prize“Do Online Stock Recommendations Add Values to MalaysianStock Brockerage”.Researcher : Lai Ming MingUniversity : Malaysia Multimedia University8th Prize“Adaptation of Corporate Social Responsibility PrivateSector Guidelines. Pilot Case Study in a Local GovernmentPractices”.Researcher : Fathilatul Zakimi Abdul HamidUniversity : University Utara Malaysia9th Prize“Examining the Reporting Behaviour of Malaysian PublicListed Companies in 1993 and 2003: A Case of EnvironmentalReporting”.Researcher : Bakhtiar Bin AlraziUniversity : Universiti Tenaga Nasional10th Prize“Accruals Accounting in Government – Developments inMalaysia”.Researcher : Dr. Zakiah SalehUniversity : Universiti MalayaRESEARCH PARTNERSMULTIMEDIAUNIVERSITIhttp://www.maref.org.myDistributed by Malaysian Institute of Accountants