Enterprise Risk Management (ERM) in Malaysia: A Study of the Status of Implementation, the Role of Internal Audit and the Impact on Organisational Performance - Couverture souple

Kasim, Mohd Ariff; Abdul Aziz, Asmah; Kasim, Isahak

 
9783846535509: Enterprise Risk Management (ERM) in Malaysia: A Study of the Status of Implementation, the Role of Internal Audit and the Impact on Organisational Performance

Synopsis

Arising from the financial and corporate crashes from the 20th to the 21st century were several issues involving the accounting profession that eventually led to a few major changes in the accounting world. The collapses of these high profile companies were so great that they eventually caused unbearably financial losses to the stakeholders. Following the incidents, regulatory agencies around the world have started to focus on strengthening their measures to prevent more corporate collapse due to mismanagement on the Enron scale. Thus, risk management is becoming a high priority for large companies especially those operating in various countries. ERM is a concept of providing a principle based approach to risk management on aa company wide basis. It is a top-down integrated and comprehensive process for determining, evaluating, assessing, controlling, and monitoring all manner of risks faced by corporations. Nonetheless, the important issue worth investigating is whether the ERM could really improve shareholders’ wealth? and whether the internal auditors are able to perform their task in the ERM as proposed by the IIA Position Paper?

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Présentation de l'éditeur

Arising from the financial and corporate crashes from the 20th to the 21st century were several issues involving the accounting profession that eventually led to a few major changes in the accounting world. The collapses of these high profile companies were so great that they eventually caused unbearably financial losses to the stakeholders. Following the incidents, regulatory agencies around the world have started to focus on strengthening their measures to prevent more corporate collapse due to mismanagement on the Enron scale. Thus, risk management is becoming a high priority for large companies especially those operating in various countries. ERM is a concept of providing a principle based approach to risk management on aa company wide basis. It is a top-down integrated and comprehensive process for determining, evaluating, assessing, controlling, and monitoring all manner of risks faced by corporations. Nonetheless, the important issue worth investigating is whether the ERM could really improve shareholders’ wealth? and whether the internal auditors are able to perform their task in the ERM as proposed by the IIA Position Paper?

Biographie de l'auteur

Dr Mohd Ariff Bin Kasim AIIA, AM(M), currently serves as Assistant Professor in the Department of Accounting, College of Business Administration, Ajman University of Science and Technology (AUST), UAE. He is actively involved in research,publications, innovation competitions and students activities. His PhD is on Enterprise Risk Management.

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