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Safeguarding financial integrity: security and confidentiality in SMEs without dedicated accountants / Nurul Izzah Haziqah Mat Arop and Saflina Azis

In Small Medium Industries (SMEs), the absence of an internal accountant poses a significant challenge, resulting in questionable financial data. As SMEs navigate the complexities of business operations, the role of an accountant becomes increasingly vital. Having an internal accountant provides SME...

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Main Authors: Mat Arop, Nurul Izzah Haziqah, Azis, Saflina
Format: Article
Language:English
Published: Universiti Teknologi MARA, Negeri Sembilan 2024
Subjects:
L Education (General)
Online Access:https://ir.uitm.edu.my/id/eprint/105737/1/105737.pdf
https://ir.uitm.edu.my/id/eprint/105737/
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spelling my.uitm.ir.1057372024-11-30T23:07:26Z https://ir.uitm.edu.my/id/eprint/105737/ Safeguarding financial integrity: security and confidentiality in SMEs without dedicated accountants / Nurul Izzah Haziqah Mat Arop and Saflina Azis Mat Arop, Nurul Izzah Haziqah Azis, Saflina L Education (General) In Small Medium Industries (SMEs), the absence of an internal accountant poses a significant challenge, resulting in questionable financial data. As SMEs navigate the complexities of business operations, the role of an accountant becomes increasingly vital. Having an internal accountant provides SMEs with specialized financial expertise, ensuring timely and accurate financial reporting, proper maintenance of records, and compliance with tax laws. However, some SMEs, particularly startups, may opt to forego hiring an internal accountant to save costs, relying instead on accounting software or outsourcing services for financial management. Without internal accountants, SMEs risk unintentionally violating moral and professional guidelines set by regulatory bodies like the Malaysian Institute of Accountants (MIA). The complexity of financial reporting standards, such as the Malaysian Financial Reporting Standards (MFRS), poses further challenges for SMEs, potentially leading to inaccuracies and hindering financial transparency and comparability. The absence of internal accountants in SMEs can lead to various problems, including inadequate management and control over sensitive financial information. Dependence on non-specialized personnel and outsourcing increases the risk of data breaches and compromises confidentiality. Ignorance about cybersecurity among Malaysian SMEs further exacerbates these risks, leaving them vulnerable to cyber threats and privacy breaches. Universiti Teknologi MARA, Negeri Sembilan 2024 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/105737/1/105737.pdf Safeguarding financial integrity: security and confidentiality in SMEs without dedicated accountants / Nurul Izzah Haziqah Mat Arop and Saflina Azis. (2024) Buletin FPN S3 <https://ir.uitm.edu.my/view/publication/Buletin_FPN_S3/>, 7. ISSN 2805-4539
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic L Education (General)
spellingShingle L Education (General)
Mat Arop, Nurul Izzah Haziqah
Azis, Saflina
Safeguarding financial integrity: security and confidentiality in SMEs without dedicated accountants / Nurul Izzah Haziqah Mat Arop and Saflina Azis
description In Small Medium Industries (SMEs), the absence of an internal accountant poses a significant challenge, resulting in questionable financial data. As SMEs navigate the complexities of business operations, the role of an accountant becomes increasingly vital. Having an internal accountant provides SMEs with specialized financial expertise, ensuring timely and accurate financial reporting, proper maintenance of records, and compliance with tax laws. However, some SMEs, particularly startups, may opt to forego hiring an internal accountant to save costs, relying instead on accounting software or outsourcing services for financial management. Without internal accountants, SMEs risk unintentionally violating moral and professional guidelines set by regulatory bodies like the Malaysian Institute of Accountants (MIA). The complexity of financial reporting standards, such as the Malaysian Financial Reporting Standards (MFRS), poses further challenges for SMEs, potentially leading to inaccuracies and hindering financial transparency and comparability. The absence of internal accountants in SMEs can lead to various problems, including inadequate management and control over sensitive financial information. Dependence on non-specialized personnel and outsourcing increases the risk of data breaches and compromises confidentiality. Ignorance about cybersecurity among Malaysian SMEs further exacerbates these risks, leaving them vulnerable to cyber threats and privacy breaches.
format Article
author Mat Arop, Nurul Izzah Haziqah
Azis, Saflina
author_facet Mat Arop, Nurul Izzah Haziqah
Azis, Saflina
author_sort Mat Arop, Nurul Izzah Haziqah
title Safeguarding financial integrity: security and confidentiality in SMEs without dedicated accountants / Nurul Izzah Haziqah Mat Arop and Saflina Azis
title_short Safeguarding financial integrity: security and confidentiality in SMEs without dedicated accountants / Nurul Izzah Haziqah Mat Arop and Saflina Azis
title_full Safeguarding financial integrity: security and confidentiality in SMEs without dedicated accountants / Nurul Izzah Haziqah Mat Arop and Saflina Azis
title_fullStr Safeguarding financial integrity: security and confidentiality in SMEs without dedicated accountants / Nurul Izzah Haziqah Mat Arop and Saflina Azis
title_full_unstemmed Safeguarding financial integrity: security and confidentiality in SMEs without dedicated accountants / Nurul Izzah Haziqah Mat Arop and Saflina Azis
title_sort safeguarding financial integrity: security and confidentiality in smes without dedicated accountants / nurul izzah haziqah mat arop and saflina azis
publisher Universiti Teknologi MARA, Negeri Sembilan
publishDate 2024
url https://ir.uitm.edu.my/id/eprint/105737/1/105737.pdf
https://ir.uitm.edu.my/id/eprint/105737/
_version_ 1817847329965735936
score 13.223943

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