Normah Binti Omar

Normah Binti Omar
Universiti Teknologi MARA | UiTM · Accounting Research Institute (ARI)

PhD (Management Accounting); CPA Australia

About

213
Publications
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Introduction
My current research project is on Roles and Functions of Designated Non-Financial Businesses and Professions (DNFBPs) in mitigating money laundering. DNFBPs include lawyers, accountants, real estate agents, casinos, company secretaries and gold dealers. Selected Financial Action Task Force (FATF) Standards Recommendations specifically for DNFBPs are used to measure level of compliance and effectiveness. We also examine mutual evaluation reports of countries for comparison purposes.

Publications

Publications (213)
Article
Purpose Money laundering offences occur worldwide, with recent discussions involving issues related to the low levels of compliance among professional accountants towards the anti-money laundering (AML) regime. Under the regime, professional accountants are required to implement compliance programs (Know Your Customer, Clients Due Diligent, Record...
Article
Purpose This study aims to understand the member countries’ current asset recovery mechanism based on two elements, namely, confiscation policy and asset recovery management framework. Design/methodology/approach Content analysis was performed on the Financial Action Task Force (FATF) Mutual Evaluation Report (MER) of eight countries. Findings Th...
Article
Full-text available
Money laundering has become a vast global concern, and the rates are growing. Hence, there is a need for a good preventive and monitoring mechanism that monitors suspicious transactions at the source. In Maldives, a Financial Intelligence Unit (FIU) was introduced to gather, analyse, and provide financial intelligence report to law enforcement agen...
Article
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Within a framework that includes economic activity, real interest rate, grants, and subsidies, we aim to explore the role of renewable energy, technological innovation, and particularly the environmentally damaging militarization in driving green growth, which fosters sustainable economic growth by ensuring the values of natural assets, considering...
Article
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Corruption might occur in many places within the government. Information and communication technology (ICT) can be used to create a more open and transparent government enabling the control of corruption (CoC). The research presented in this paper aims to analyze the effect of ICT on CoC in open government. Using panel data of ASEAN countries over...
Article
Full-text available
Corruption might occur in many places within the government. Information and communication technology (ICT) can be used to create a more open and transparent government enabling the control of corruption (CoC). The research presented in this paper aims to analyze the effect of ICT on CoC in open government. Using panel data of ASEAN countries over...
Article
Purpose The purpose of this paper is to investigate the extent of fraud prevention disclosure on the Malaysian public universities’ websites. Design/methodology/approach The level of fraud prevention information disclosure was examined using content analysis of all 20 public universities in Malaysia based on the university fraud prevention disclos...
Chapter
Most studies of management accounting practices (MAPs) globally, and specifically of Malaysia, mainly focus on large manufacturing companies. This study examines the adoption of MAPs among small and medium enterprises (SMEs) engaging in export-oriented manufacturing in selected industrial hubs in Malaysia. In the digital era, these firms are expect...
Preprint
Full-text available
Background and objective: Patient satisfaction and its relation with healthcare cost in Bangladesh remains unknown. The objective of the study was to perform a comparative analysis of satisfaction of patients in relation with healthcare cost in public and private healthcare settings in Bangladesh. Methods: This cross-sectional study was conducted a...
Chapter
Money laundering is a global issue that must be effectively mitigated across the nation. Despite various initiatives, investigation outcome either in the form of prosecution, conviction, or confiscation remains low. Therefore, this study aims to investigate the factors influencing money laundering investigating outcome, based on rational choice the...
Article
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A Ponzi scheme is a fraudulent investing scheme which promises high rates of return with little risk to investors. The scheme has led to a substantial amount of financial leakages in recent years. Despite warnings by the law enforcement agencies and regulators, many have unfortunately fallen victim. Hence, the current measures are limited in preven...
Article
Corporate accruals create a negative impression of management and financial reporting quality. Financial statements (FS) are frequently analyzed using analytical procedures to evaluate operating performance, assets, and liabilities. The objectives of this study are to measure constructs of financial ratios; to examine the linear association between...
Article
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Corporate tax avoidance reduces government revenues which could limit country development plans. Thus, the main objectives of this study is to establish a rigorous and effective model to detect corporate tax avoidance to assist government to prevent such practice. This paper presents the fundamental knowledge on the design and implementation of mac...
Article
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This study examines the relationship between audit quality and real earnings management (REM) among Top 100 firms listed on Bursa Malaysia. This study uses three proxies to measure REM; abnormal cash flow from operations (RCFO), abnormal production costs (RPC) and abnormal discretionary expenses (RDE) and one proxy for audit quality; Big 4 audit fi...
Article
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We strived to explore the impact of COVID-19 pandemic on public university students with barriers to the online class through surveyed 1092 students of 15 public universities in Bangladesh using Google Form. Eight barriers were explored. About half, 542(49.6%) students shouldered learning-related costs, 489(45%) students had part time job, 461(42.2...
Article
Full-text available
We strived to explore the impact of COVID-19 pandemic on public university students with barriers to the online class through surveyed 1092 students of 15 public universities in Bangladesh using Google Form. Eight barriers were explored. About half, 542(49.6%) students shouldered learning-related costs, 489(45%) students had part time job, 461(42.2...
Preprint
This paper studies the relationship between social capital on the green growth in Malaysia, with the aim of ascertaining whether faith based social capital has a role in sustaining economic growth. The study utilizes the annual data over the period of 1970-2015. This study employs the Autoregressive Distributed Lag (ARDL) model and causality using...
Book
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Bangladesh is a densely populated country with about 165 million population. Health is a basic need of the people and it is recognized by the constitution of the country. Bangladesh has been showing remarkable performances in health sector and setting extraordinary examples for the developing countries in recent years. Meeting specific targets, the...
Article
Benchmarking of management accounting involves the search for best practices amongst players in the industry and is considered critically important for organisational survival as it promotes the application of best management tools and techniques to achieve superior value creation and business performance. Despite the allegations that management ac...
Article
Purpose This paper aims to explain the development of fraud prevention disclosure index (FPDI) for Malaysian public universities. Design/methodology/approach The paper reported a comprehensive review on fraud prevention and control plans of several international policies and of local and international universities. Findings The final 8 categories...
Article
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-Machine learning has been widely used in solving the problem of prediction and classification. It is also beneficial in the problem of tax avoidance detection. This study presents the utilization of machine learning classification approach for detecting tax avoidance of Malaysian government-linked companies (GLCs). There were nine machine learning...
Article
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The impact of financial development (FD) on economic growth in the context of Malaysia and Indonesia has been examined in this study regarding the role of the financial crisis and strategic changes in the institutional setup. Autoregressive distributed lags and threshold regression were applied, and time series data were analyzed for the period bet...
Article
The purpose of this research is to know and analyze the condition of cooperatives through the capital factor, human resources, managerial aspects, passive members and socialization, public awareness, spoilage, and economic democracy, which strongly influence the barriers and effectiveness of lending cooperatives in Indonesia. The dependent variable...
Article
Full-text available
Corruption occurs in many places within the government. To tackle the issue, open data can be used as one of the tools in creating more insight into the government. The premise of this paper is to support the notion that data opening can bring up new ways of fighting corruption. The current paper aimed at investigating how open data can be employed...
Article
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Corporate governance provides a fundamental framework to oversee corporate conduct and ensures transparency of institutions like banks. In case of Islamic banks, it adds additional importance as the profit sharing (with the depositors) system enhances the chance of agency problem for such institutions. Again, risks are inherent in institutions like...
Article
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Purpose - This paper examines the mediating effect of positive attitude (ATT) and subjective norm (SJN) on customers’ behavioral intention to participate in Islamic banking in Nigeria using the Theory of Reasoned Action (TRA) as a basis.Design/methodology/approach - Data were collected using a self-administered questionnaire with 274 samples. This...
Article
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Considering the importance of good corporate governance in the banking industry, the study has been designed to investigate the managerial perceptions on interrelationship among good corporate governance, risk management, and ethical investment of the commercial banks of Bangladesh. Bangladesh has been selected as a field of study for three reasons...
Article
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This study examines the association between government-linked investment companies’ (GLICs’) shareholdings and real earnings management activities in Malaysia. Consistent with prior research, this study uses three proxies to measure real earnings management; abnormal cash flow from operations (RCFO), abnormal production costs (RPC), and abnormal di...
Article
This paper aims to assess good governance and development nexus based on the Theory of Maqāsid al Sharī’ah (TMS). The central hypothesis of the paper is that good governance; with a specific focus on human rights and social justice has a significant relationship with human development including factors like education, health, and income all emergin...
Article
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Purpose Malaysia has implemented comprehensive AML/CFT framework, yet its effectiveness remains questionable due to low number of prosecutions on money laundering cases. Therefore, this study aim to understand the reasons for low number of prosecution, by addressing the challenges faced by the law enforcement agencies in conducting money laundering...
Article
Full-text available
This study examines the role of institutional ownership in moderating the relation between fundamental factors of a company and Corporate Social Responsibility (CSR) and Enterprise Value (firm value). The type of this research is an explanation research method. The sampling method was a proportional random sampling method of the population of banki...
Article
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Purpose This paper aims to conduct a comparison on the effectiveness of the law enforcement agencies (LEAs) of Australia and Malaysia in investigating money laundering cases by looking into the legal system and operational issues faced in conducting the investigation. Design/methodology/approach The purpose of this paper is to review and analyze t...
Article
Full-text available
This paper studies the relationship between social capital on the green growth in Malaysia, with the aim of ascertaining whether faith based social capital has a role in sustaining economic growth. The study utilizes the annual data over the period of 1970-2015. This study employs the Autoregressive Distributed Lag (ARDL) model and causality using...
Article
Purpose This study aims to examine whether individual factors (religiosity and ethical values) and organizational factors (ethical leadership and whistleblowing practices) contribute to employee fraud mitigation. Design/methodology/approach Guided by Corporate Integrity System Malaysia, this study developed and collected 101 questionnaires surve...
Article
Purpose The purpose of this study is to examine the relationship between financial strength or condition and managerial practices in preparing financial statements of public limited companies. The objectives of this study are three folds - to measure the financial strength, to measure integrity index, and to examine the relationship between manage...
Article
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Target Costing (TC) is seen to be related to more than product cost reduction. It also includes product quality, functionality and lead time that, to a similar extent, should be seriously considered. Organisational capabilities (OCs), as a contextual variable, could affect organisational functions when, in the study assumption, it is supported by t...
Article
Purpose This paper aims to study the roles of Muslim CEO, Muslim Chairman and Muslim board of directors in mitigating earnings management via real activities manipulation. Design/methodology/approach In total, 656 firm year-observations from 2007 to 2014 of Malaysian Top 100 firms listed on Bursa Malaysia is used to examine the relationship betw...
Article
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The inspiration to delve into the contemporary status of Islamic banking and finance in the Philippines has led this study to analyze the financial condition of Amanah Islamic Bank (AIB) and recommend improvements in its financial performance. This secondary databased study utilizes library research and content analysis, particularly using the capi...
Article
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Enterprise governance is vital for all types of organizations, including micro entrepreneurs, as it is closely related to performance. Considering that repayable and non-repayable types of microfinance programs exist in Malaysia, this study examines whether different types of financing affect the financial and non-financial performances of micro en...
Article
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Due to huge loss in the secondary market during the 2010-2011 stock market crash, small investors in Bangladesh involved themselves in IPO investment. This study, based on secondary data, depicts the IPO market in Bangladesh and also identifies the factors influencing IPO subscription times. The study documented 85% growth in the listed companies o...
Article
Purpose The purpose of this paper is to examine the broad concept of forfeiture, its legal positions in the UK and Malaysia, and to highlight the implications of such forfeiture systems and legislations. Design/methodology/approach This paper uses a doctrinal legal analysis and secondary data, which analyses primary sources, the POCA (2002) and...
Article
Purpose The purpose of this study is threefold: first, to detect trends in financial statement manipulation; second, to measure the level of manipulation and to measure the variation in manipulation between countries; and, third, to identify widely used techniques in financial statements manipulation. Design/methodology/approach This study uses fi...
Article
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Purpose This study aims to discuss the Financial Action Task Force (FATF) Special Recommendation IX (SR IX) and the importance of complying with the recommendation, which focuses on cross-border declaration or disclosure with the objective to detect and prevent illicit cross-border transportation of cash and bearer negotiable instruments (BNIs). T...
Article
The study investigates the impacts of microfinance on the Sustainable Livelihood (SL) of Islami Bank microfinance schemes in Bangladesh. Towards the achievement of its objectives this study uses descriptive statistical and econometric techniques to assess the Islamic MFIs contributions on sustainable livelihood of the borrowers. The multiple logist...
Article
The study looks into the impact of microcredit on poverty alleviation of the borrowers of Grameen Bank and Islami Bank microfinance schemes and compares the contributions between these two of MFIs in Bangladesh. Towards the achievement of its objectives, the present study has used descriptive statistical and econometric techniques as well as Foster...
Article
Purpose This paper aims to explore the effectiveness of an artificial neural network (ANN) in predicting fraudulent financial reporting in small market capitalization companies in Malaysia. Design/methodology/approach Based on the concepts of ANN, a mathematical model was developed to compare non-fraud and fraud companies selected from among small...
Article
Objective: This study aims to look at the financial management practices of two groups of micro entrepreneurs; sahabats of AIM and asnafs entrepreneurs from PPUAZ. Method Analysis: Adopting a mixed method approach, this study combines both quantitative (surveys) and qualitative (interviews) approaches. The surveys were conducted first to provide th...
Conference Paper
Full-text available
In the Malaysian public sector, it is incumbent for civil servants to be free from integrity deficiency issues in order to build and retain the public's trust in the government. This situation has prompted the Malaysian government to initiate serious efforts to tackle the integrity deficiency issues that has been shackling the civil services. Integ...
Article
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A new taxation system – Goods and Services Tax (GST) has been introduced by the Malaysian government in order to diversify its revenue base. The Royal Malaysian Custom Department (RMC) which is appointed to collect this revenue is strengthening its capacity. This paper studies the relationship between competency and governance towards GST readiness...
Article
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On 1 st April 2017 was the second year Goods and Services Tax (GST) in Malaysia was implemented. Though Royal Malaysian Customs Department (RMCD) has recorded good tax collection, the signs of non-compliance have increased. Using the Responsive Regulation Theory, this study investigates audit probability and tax knowledge determination on GST compl...
Article
Due to huge loss in the secondary market during the 2010-2011 stock market crash, small investors in Bangladesh involved themselves in IPO investment. This study, based on secondary data, depicts the IPO market in Bangladesh and also identifies the factors influencing IPO subscription times. The study documented 85% growth in the listed companies o...
Article
Full-text available
This study examines the effects of the Minority Shareholder Watchdog Group (MSWG) on real earnings management practices of family-owned and foreign-owned businesses listed on Bursa Malaysia. In particular, we analyze how shareholder activism by MSWG affects the level of real earnings management of Malaysian listed firms. Using a sample of 1,180 fir...
Article
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Government-linked companies (GLCs) play an essential role in the expansion of the Malaysian economy. GLCs are contributing a significant percentage of the nation’s gross capital formation and National Gross Domestic Product and they have been regarded as instruments of national growth and supplementing government’s effort in promoting social and ec...
Article
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This study focuses on the measurement of the quality of corporate management by combining a number of descriptive statistics of corporate accruals. The objective is to evaluate the quality of management in certain Asian countries, namely Malaysia, Indonesia, Thai-land, Singapore, Hong Kong, Japan and China. The free cash flow concept, the Kothari-J...
Article
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Ethical values of business are normally jeopardized by the stiff competitions among them. Thus, ownership structure plays vital roles to balance these issues. This paper aims to study the relationship between ownership structures and performance pre and post Malaysian Codes on Corporate Governance (MCCG) 2012 revision. Based on a random sampling of...
Article
Full-text available
Target Costing (TC) adoption is not only for a cost reduction as a financial objective. Further, quality, functionality and lead time, as non-financial objectives, should be simultaneously perceived. This particularly requires an effective integration of relative financial and non-financial Organizational Capabilities (OCs) measures to assess futur...