Discharging public accountability : the case of annual reports disclosure of Malaysian State Islamic Religious Councils (SIRC)

Masruki, Rosnia (2016) Discharging public accountability : the case of annual reports disclosure of Malaysian State Islamic Religious Councils (SIRC). PhD thesis, University of Gloucestershire.

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Abstract

State Islamic Religious Councils (SIRC) in Malaysia are sole trustees and responsible for managing the Muslim wealth revenue derived from zakat (alms), waqaf (endowment) and mal (treasury). SIRC are one of the public service entities established within the confines of Islamic law. The political and social factors affecting SIRC are unique, which has inspired the present study's focus. The importance of SIRC is examined from both sides of these religious organisations, the administrators of considerable funds and public accountability. In the interests of public accountability, which respects the right of the public to have access to information about government entities, this study aims to satisfy the public through providing an external report that meets their expectations regarding the discharging of SIRC accountability. Three objectives have been set: i) to identify the perceptions of stakeholders in relation to accountability within SIRC; ii) to identify the determinants of the extent and quality of the disclosure of information in the SIRC's annual reports and iii) to investigate the factors affecting the current disclosure practices in the SIRC's annual reports. In order to achieve the stated objectives, a variety of methodology falls into three stages. Firstly, a questionnaire survey was carried out to understand the perspectives of stakeholders of SIRC concerning accountability and to identify the disclosure items with their importance weighting. Secondly, the findings from the first stage were used to develop a disclosure index to measure the extent and quality of the SIRC's annual reports, which in turn led to identifying the determinants of such disclosure using regression analysis. Thirdly, a further investigation was conducted by interviewing accountants, policy-makers and annual report-users including auditors and the general public, to understand the existing reporting practices and the basis of the disclosure. The findings in this study produced several noticeable phenomena. Despite the greater accountability of SIRC to a wide range of stakeholders, the expectations of SIRC were varied, in particular regarding the accountability within SIRC. While SIRC themselves consider that their performance is answerable to higher authorities such as the King and the Board of Directors, external stakeholders nevertheless perceive SIRC as being bound to their funders for probity. Yet the majority of them believe that Islam influences the SIRC's external reporting practices.

Item Type: Thesis (PhD)
Thesis Advisors:
Thesis AdvisorEmailURL
Hussainey, Khaledkhussainey2@glos.ac.ukUNSPECIFIED
Aly, Doaadaly@glos.ac.ukhttps://www.glos.ac.uk/staff/profile/doaa-aly/
Additional Information: A print copy of this thesis is available for reference use only.
Uncontrolled Keywords: Public accountability, Malaysia; State Islamic Religious Councils (SIRC); Disclosure; Annual reports; Stakeholder's perceptions
Related URLs:
Subjects: H Social Sciences > HJ Public Finance
Divisions: Schools and Research Institutes > Gloucestershire Business School > Law, Accounting and Finance
Depositing User: Susan Turner
Date Deposited: 26 Jan 2022 16:00
Last Modified: 26 Jan 2022 16:00
URI: https://eprints.glos.ac.uk/id/eprint/10620

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