Staff View: Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail

Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail

In Shariah Governance 2019, Shariah Internal Audit constitutes a significant function within the IFIs. In view of this, its effectiveness is an important issue. Based on the literature review, prior studies have employed goal model, functional approach mode and strategic constituency model to measur...

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Main Authors:	Mohd Noor, Noor Fadhzana, Ismail, Noor Affendi
Format:	Book Section
Language:	English
Published:	Academy of Contemporary Islamic Studies (ACIS) 2021
Subjects:	Auditing. Auditors Internal auditing Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Online Access:	https://ir.uitm.edu.my/id/eprint/54306/1/54306.pdf https://ir.uitm.edu.my/id/eprint/54306/ https://www.ishec2021.com/
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id	my.uitm.ir.54306
record_format	eprints
spelling	my.uitm.ir.543062022-02-18T07:47:49Z https://ir.uitm.edu.my/id/eprint/54306/ Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail Mohd Noor, Noor Fadhzana Ismail, Noor Affendi Auditing. Auditors Internal auditing Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure In Shariah Governance 2019, Shariah Internal Audit constitutes a significant function within the IFIs. In view of this, its effectiveness is an important issue. Based on the literature review, prior studies have employed goal model, functional approach mode and strategic constituency model to measure the effectiveness of the SIA or Shariah audit. What is still lacking is the use of system resource model of effectiveness. The system resource model entertains individual entity or IFIs as the focal point of effectiveness. Thus, it offers the effectiveness to be measured based on the objectives of the Shariah Internal Audit, practices and policies. In order to do this, the objectives of the Shariah Internal Audit must first be determined. Thus, this study was conducted to determine the objectives of Shariah Internal Audit based on the Corporate Governance of the Islamic Financial Institutions. It is a preliminary and exploratory research. Content analysis was employed on data collected from relevant literature, legislations and selected Corporate Governance Disclosure. This study found that the objectives and effectiveness frameworks of Internal Audit employed for individual institutions are different from each other. Hence, the effectiveness must be measured individually. The implications of this study are that the findings may be useful for future empirical studies on the effectiveness of Internal Audit and Shariah Internal Audit of the Islamic Financial Institutions in Malaysia. Academy of Contemporary Islamic Studies (ACIS) 2021 Book Section PeerReviewed text en https://ir.uitm.edu.my/id/eprint/54306/1/54306.pdf ID54306 Mohd Noor, Noor Fadhzana and Ismail, Noor Affendi (2021) Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail. In: 4th International Islamic Heritage Conference 2021 (ISHEC ’21). Academy of Contemporary Islamic Studies (ACIS), Alor Gajah, Melaka, p. 72. ISBN 978-967-17038-0-9 https://www.ishec2021.com/
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	Auditing. Auditors Internal auditing Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
spellingShingle	Auditing. Auditors Internal auditing Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure Mohd Noor, Noor Fadhzana Ismail, Noor Affendi Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail
description	In Shariah Governance 2019, Shariah Internal Audit constitutes a significant function within the IFIs. In view of this, its effectiveness is an important issue. Based on the literature review, prior studies have employed goal model, functional approach mode and strategic constituency model to measure the effectiveness of the SIA or Shariah audit. What is still lacking is the use of system resource model of effectiveness. The system resource model entertains individual entity or IFIs as the focal point of effectiveness. Thus, it offers the effectiveness to be measured based on the objectives of the Shariah Internal Audit, practices and policies. In order to do this, the objectives of the Shariah Internal Audit must first be determined. Thus, this study was conducted to determine the objectives of Shariah Internal Audit based on the Corporate Governance of the Islamic Financial Institutions. It is a preliminary and exploratory research. Content analysis was employed on data collected from relevant literature, legislations and selected Corporate Governance Disclosure. This study found that the objectives and effectiveness frameworks of Internal Audit employed for individual institutions are different from each other. Hence, the effectiveness must be measured individually. The implications of this study are that the findings may be useful for future empirical studies on the effectiveness of Internal Audit and Shariah Internal Audit of the Islamic Financial Institutions in Malaysia.
format	Book Section
author	Mohd Noor, Noor Fadhzana Ismail, Noor Affendi
author_facet	Mohd Noor, Noor Fadhzana Ismail, Noor Affendi
author_sort	Mohd Noor, Noor Fadhzana
title	Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail
title_short	Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail
title_full	Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail
title_fullStr	Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail
title_full_unstemmed	Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail
title_sort	conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / noor fadhzana mohd noor and noor affendi ismail
publisher	Academy of Contemporary Islamic Studies (ACIS)
publishDate	2021
url	https://ir.uitm.edu.my/id/eprint/54306/1/54306.pdf https://ir.uitm.edu.my/id/eprint/54306/ https://www.ishec2021.com/
_version_	1725975724878200832
score	13.211869

Conceptualizing shariah internal audit’s objectives and effectiveness within corporate governance: a preliminary study / Noor Fadhzana Mohd Noor and Noor Affendi Ismail

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