Celebrating Winners

In a special event held today, two groups of our students were invited to receive appreciation from the Dean, Faculty of Accountancy, Prof Dr Ibrahim Kamal Abdul Rahman. The first group of students comprised those who participated in the recent Money Tree YES Challanege, of which the students won the Grand Prize Award and a Throphy. The second group were students from the Public Sector Accounting course who organized the "Kami Prihatin" event which caught the attention of Dato' Seri Shahrizat Jali. What was initially meant as an in-class event was "upgraded" as a national event with more than 2,000 participants. Well done boys and girls, we are very proud of all of you....

Another Round of Rasch Model Course

ARI invited Mr Saidfuddin, a Rasch Model expert to facilitate us with the research analysis of one of ARI research projects titled " A Survey on the Importance and Usage of Financial Statement Fraud Risk Red Flags by Malaysian Auditors". The study explores the application of the International Standard onAuditing 240 (ISA240) - The Auditor's Responsibility to Consider Fraud in an Audit of Financial Statement.
ISA 240 distinguishes fraud from error and describes the two types of fraud that are relevant to auditor - misstatements resulting from misappropriation of assets and misstatements resulting from fraudulent financial reporting. ARI received responses from three groups of suditors: external auditors, internal auditors and government auditors. One of the most interesting finding implicates that auditors play a very important role in preventing and detecting financial statement fraud. If the ISA 240 standard is being followed and adhered to very strictly, auditors may be able to mitigate such fraud at an astonishing rate of 84%....

ARI TAX KIOSK

Congratulations to Associate Prof Dr Rohaya Mohd Noor and her team from the Taxation Research Group for organizing a two-day ARI Tax Kiosk on 27 to 28 April 2011. The event is part of our corporate social responsibility (CSR) to the UiTM community. Basically, the team provides professional advice in term of highlighting what expenditures are deductible and what items are tax-exempted. At the same time, tax payers may want to submit their returns through the online mode. ARI provides networked computers and printers to facilitate participants with their online submission. Yes, the deadline to submit our income tax return is on 30th April 2011, so those who did not have the opportunity to submit theirs yet, you may want to get professional advice from our very experienced tax lecturers. We also wish to thank four officers from the Inland Revenue Board who took part in this event to help taxpayers make their submission. ARI TAX KIOSK is an annual event. This year, ARI, in collaboration with the Faculty of Accountancy have also organized another Tax Kiosk in UiTM Perak. Thank you all for doing great things for the community....

VC Luncheon in Appreciation of Sponsors

The Accounting Research Institute and the Faculty of Accountancy wish to thank the Vice Chancellor of Universiti Teknologi MARA (UiTM), Dato' Professor Ir Dr Sahol Hamid for attending and addressing the VC Luncheon held at UiTM Hotel on 27th April 2011. The luncheon was held to honour and thank all professional and corporate sponsors who participated in a recent student dinner event organized by the Association of Professional Students Association, UiTM. Among the guests who attended the luncheon were Dato' Johan Raslan, Executive Chairman of PricewaterhouseCoopers; Nizar Najib, Executive Director Deloitte & Touche; Irene, CIMA; Zulkeefli, Air Asia; Shazani, UEM and other representatives from Puspakom, ACCA, Bank Simpanan Nasional, Maybank Berhad, Takaful. The Vice Chancellor thanked all the sponsors and hope they will continue to support us. Thanks to Prof Dr Azni Zain Ahmed, Deputy Vice Chancellor (Academic & Internationalization) for taking time off her busy schedule to joib us for lunch. Congratulations and well done to Associate Professor Mahfudzah Mohamed, Puan Roslina Rahim and the President of the Association of Professional Accounting...

PhD Defence

Several of our PhD students presented their PhD proposal today at the Institute of Post-Graduate Studies (IPSIS) office in Shah Alam. Congratulations all for doing a great job. Once the proposal is approved, candidates should work on their research instruments. They should also be working on writing some conceptual papers from their research. Since the new semester begins in September, PhD students should make full use of the long "break" to work closely with their supervisors or to present papers at PhD colloquium...

Seminar on Specialized Industry and IT Audit

The Audit and Assurance Special Interest Group will be organizing a half-day SEMINAR ON THE LATEST REFORM IN AUDITING (SPECIALIZED INDUSTRY AND IT AUDIT)on 28 April 2011 (Thursday). Time: 8:00am – 1:00pm and Venue: Dewan Seminar, Menara SAAS. Two papers will be presented by audit practitioners. The first paper "The Role of IT Audit in Fraud Detection" will be presented by an auditor and consultant, Mr Aaron Lau from the AITLAU Management Service. The second paper, "Real Audit Case in a nutshell" will be discussed by Mr Aminuddin Yahaya from Jamal Amin and Partners, an accounting firm. Everyone is invited to attend the seminar. Those interested to attend, please call ARI Office at Tel: 603-5544 4930/4925

Outstanding Paper at IMAC2011

ARI congratulates Associate Prof Dr Zuraidah Mohd Sanusi and her team for being awarded as one of the five outstanding papers at the recent International Management Conference 2011 (IMAC2011) which was held in Terengganu. Her paper titled "External Agency Monitoring Mechanisms and Earnings Management: Towards Improvement of Financial Reporting Quality" was co-authored with Mohamad Shahril Isahak (UiTM)and Zunaidah Sulong from the Universiti Sultan Zainal Abidin, Kuala Terengganu. Dr Zuraidah is the head of ARI's Audit and Assurance special interest group. The five outstanding papers were selected from the 220 papers that have been presented in the conference. Congratulations ....

TEAM FutsalEx Wins YES 3 Challenge

ARI congratulates TEAM FutsalEx from Universiti Teknologi MARA who was recently announced as the grand prize winner of the Maybank MoneyTree Young Entrepreneur Startup (YES 3) Challenge. The "YES 3 Red Carpet" party was held on Friday, 15th April 2011 at the Eastin Hotel, Petaling Jaya. The Grand Prize winner walked away with cash and prizes worth up to RM20,000. Team FutsalEx, consisting of 4 members: Mohd Hafiz bin Mohamad Idris, Syed Qamarul Hikma bin Samat, Fatin Hanani Khairunnizam and Amirul Hafis are all students from the Faculty of Accountancy, UiTM. The team won the challenge by impressing the judges with their idea of a web portal-based "one-stop futsal centre" concept, which integrates futsal players, futsal centres and the fulsal industry. Being the first one-stop futsal centre, FutsalEx offers a whole new and fun system of playing futsal where "Futsalers" can make online bookings. Congratulations all, we are very proud of you....

Adjunct Professor from MACC

ARI wishes to welcome Y. Bhg. Dato' Sri Abu Kassim Mohamed, the Malaysian Anti-Corruption Commission (MACC) Chief Commissioner, as a newly appointed Adjunct Professor for the Accounting Research Institute and the Faculty of Accountancy, Universiti Teknologi MARA in Shah Alam. ARI hopes that this appointment will bring closer the two institutions: UiTM and MACC. In its effort to enhance research in financial criminology, ARI hopes to work closely with MACC and other enforcement agencies in this country. Our collaboration started way back in 2002 when UiTM and MACC (then known as the Anti Corruption Agency or ACA) organized several cohorts of CPD training in Forensic Accounting. One of our senior professors, Prof Dr Syed Noh Syed Ahmad is also a member of MACC's Operations Evaluation Panel (PPO).

Congratulations Prof Dr Nora'zam Mastuki

ARI wishes to congratulate our colleague, Dr Nora'zam Mastuki who has been promoted recently as a Professor in Accounting Information System. Prof Nora'zam is basically the "IT Guy" for the Faculty of Accountancy. He has been teaching accounting information system since he joined UiTM in the late 1980s. Currently, his research interest includes earnings management and dividend policy. Prof Dr Nora'zam is the ninth professor for the faculty. Congratulations, we are very proud of you.