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Management accounting and risk management in Malaysian financial institutions

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The purpose of this paper is to examine the link between management accounting and
risk management. The paper measures the extent to which management accounting practices help in
managing risks and the extent of the integration between these two important managerial functions.
Design/methodology/approach – The study used a mail survey of financial institutions listed in
the Malaysian Central Banks’ web site. The respondents to whom 106 questionnaires were sent were
the chief financial officers; the response rate was 68 percent. A total of 16 post-survey semi-structured
interviews were also conducted with selected respondents to gain further insights into the survey
findings.
Findings – The findings from the survey indicate that analysis of financial statements was perceived
to contribute most towards risk management. The majority of the respondents were of the view that
the management accounting function was greatly involved in the organization’s risk management.
Consistent with the survey findings, the interviewees also perceived that budgetary control,
budgeting, and strategic planning played important roles in managing risk.
Research limitations/implications – This is a study conducted in Malaysian financial
institutions and thus, results may not be generalizable to other contexts. The findings of this study
strengthen the importance of both management accounting and risk management in complementing
each other to form part of the corporate performance management systems.
Originality/value – This paper contributes to the literature as very few studies have examined the
significant link between management accounting and risk management.

Keywords Management accounting, Risk management, Financial institutions, Malaysia

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Ketersediaan

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Informasi Detail

Judul Seri

Managerial Auditing Journal

No. Panggil

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Penerbit

: Emerald Group., 2011

Deskripsi Fisik

Managerial Auditing Journal Vol. 26 No. 7, 2011

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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