Papers by Nurshuhaida Razak
Asia-Pacific Management Accounting Journal
Many traditional approaches of accounting and auditing assessment have been transformed by the gr... more Many traditional approaches of accounting and auditing assessment have been transformed by the growth of audit technology. This study aimed to identify key factors driving auditors’ adoption of audit technology in a developing country, Malaysia, through the lens of the Technology to Performance Chain (TPC) framework. The results of this study are based on a survey conducted in Malaysia with audit firms of varying sizes and were analyzed using the Structural Equation Modelling-Partial Least Square (PLS) statistical tools. The direct and interaction effects of audit technology and situational support variables in improving auditor work performance, as well as the mediation effect of audit assessment on the connections, were investigated in this study. According to the findings, audit technology and situational support play a larger role in the efficiency and effectiveness of auditors' work. Additional analysis provides proof of audit assessment as well. This study makes several co...
Geografia: Malaysian journal of society and space, 2017
The Employees Provident Fund (EPF) was established under the Provident Fund Act 1991 (Act 452) wh... more The Employees Provident Fund (EPF) was established under the Provident Fund Act 1991 (Act 452) which provides retirement benefits to its contributors under an efficient and trusted management appointed by the government. Both private and public sector employees are allowed to contribute; whereby EPF acts as a fund manager on behalf of the contributors and provides a guaranteed minimum dividend of 2.5 per cent per annum. Majority of EPF investments are of low risk financial instruments; and this is done as to ensure the contributors enjoy the minimum returns. As majority of EPF contributors are Muslims, two critical issues have risen, especially when EPF seems to be ignorant by not investing in shariah compliant instruments on top of its uncompetitive returns. As gold investment has so far shown to produce high long term investment return, we examined the suitability of introducing shariah compliant gold investment saving account as one of the EPF portfolio investment instruments. We...
The main objective of this paper is to know the investment of EPF (Employee’s Provident Fund) whi... more The main objective of this paper is to know the investment of EPF (Employee’s Provident Fund) which are including halal and haram investment and the solution that EPF can be taken for manage their investment according Islamic Finance principles. As a provident fund, the EPF has attempted to operate as a portfolio investor and not as a promoter or a major shareholder in individual business. The EPF should be taking portfolio risk and not business risk based on the time-tested principles of portfolio management. Also the skills and resources at its disposal are better at managing portfolios (either directly or indirectly through fund managers) than at managing a diverse range of operating business. However, as domestic financial markets are under-developed and given the restrictions on international diversification, the EPF has been facing a serious constraint on the extent to which it has been able to invest in direct loans is due, for instance, to the inadequate supply of marketable...
Advances in Intelligent Systems and Computing, 2018
Small and medium enterprises (SMEs) including microenterprises have played an important role in f... more Small and medium enterprises (SMEs) including microenterprises have played an important role in fostering growth, employment and income, and have been integral to Malaysia’s economic transformation process. The Malaysia government is targeting for SMEs to contribute at least 40% to the economic growth in 2016. It is crucial that the government must precisely know which sector in its economy contributes the most, which have the potential to generate greater future growth and which sectors are weak and need supports to survive in the competitive economy. Hence, this study examines the contribution of SMEs industry towards Malaysian economic growth. For this study we employ a range of statistical tools based on and trend analysis of the contribution of SMEs towards Gross Domestic Product. The sample data is SMEs by sectors for the period of 2005 – 2016. In this study we found that SMEs are important to the Malaysian economies which comprise 99.2% of total business establishments, where SMEs contributed 32% of Gross Domestic Product (GDP).
The Employees Provident Fund (EPF) was established under the Provident Fund Act 1991 (Act 452) wh... more The Employees Provident Fund (EPF) was established under the Provident Fund Act 1991 (Act 452) which provides retirement benefits to its contributors under an efficient and trusted management appointed by the government. Both private and public sector employees are allowed to contribute; whereby EPF acts as a fund manager on behalf of the contributors and provides a guaranteed minimum dividend of 2.5 per cent per annum. Majority of EPF investments are of low risk financial instruments; and this is done as to ensure the contributors enjoy the minimum returns. As majority of EPF contributors are Muslims, two critical issues have risen, especially when EPF seems to be ignorant by not investing in shariah compliant instruments on top of its uncompetitive returns. As gold investment has so far shown to produce high long term investment return, we examined the suitability of introducing shariah compliant gold investment saving account as one of the EPF portfolio investment instruments. We suggested that EPF allocates around 15 per cent of its investment portfolio in shariah compliant gold account for the benefit of EPF contributors as to maintain their purchasing power after retirement. As gold hedges against inflation, investing in shariah– compliant gold investment account solves the dilemma of Muslim EPF contributors in non-permissible investment.
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Papers by Nurshuhaida Razak