Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat

Auditor independence is very crucial to public confidence in financial reporting. However, recent corporate failure such as in the case of Enron has critically damaged the credibility of financial reporting. Lack of auditor independence due to long-term relationships between auditor and clients i...

Full description

Saved in:

Bibliographic Details
Main Author:	Mamat, Suriana
Format:	Thesis
Language:	English
Published:	2006
Subjects:	Periodicals Societies Serials Malaysia Internal auditing
Online Access:	https://ir.uitm.edu.my/id/eprint/3549/1/TM_SURIANA%20MAMAT%20AC%2006_5%201.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uitm-ir.3549
record_format	uketd_dc
spelling	my-uitm-ir.35492016-08-17T08:57:58Z Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat 2006 Mamat, Suriana Periodicals. Societies. Serials Malaysia Internal auditing Auditor independence is very crucial to public confidence in financial reporting. However, recent corporate failure such as in the case of Enron has critically damaged the credibility of financial reporting. Lack of auditor independence due to long-term relationships between auditor and clients is believed to be the reason for such failures. Therefore, mandatory audit firm rotation has always been proposed as a solution to enhance auditor's independence. This study aims to provide some viewpoints on whether mandatory audit firm rotation should be implemented in Malaysia considering that some countries have good experiences with it such as Italy. This study examines the value provided by mandatory audit firm rotation from the perspectives of the Chief Finance Officer of public listed companies in Malaysia. This study is based on a survey using questionnaires in order to gather the information. A total of 30 out of 100 companies re'sponded to the survey. The results indicate that mandating audit firm rotation will enhance auditor independence as perceived by the respondents. However, the respondents believe that the costs outweigh its intended benefits. 2006 Thesis https://ir.uitm.edu.my/id/eprint/3549/ https://ir.uitm.edu.my/id/eprint/3549/1/TM_SURIANA%20MAMAT%20AC%2006_5%201.pdf text en public masters Universiti Teknologi MARA Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
topic	Periodicals Societies Serials Malaysia Internal auditing
spellingShingle	Periodicals Societies Serials Malaysia Internal auditing Mamat, Suriana Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat
description	Auditor independence is very crucial to public confidence in financial reporting. However, recent corporate failure such as in the case of Enron has critically damaged the credibility of financial reporting. Lack of auditor independence due to long-term relationships between auditor and clients is believed to be the reason for such failures. Therefore, mandatory audit firm rotation has always been proposed as a solution to enhance auditor's independence. This study aims to provide some viewpoints on whether mandatory audit firm rotation should be implemented in Malaysia considering that some countries have good experiences with it such as Italy. This study examines the value provided by mandatory audit firm rotation from the perspectives of the Chief Finance Officer of public listed companies in Malaysia. This study is based on a survey using questionnaires in order to gather the information. A total of 30 out of 100 companies re'sponded to the survey. The results indicate that mandating audit firm rotation will enhance auditor independence as perceived by the respondents. However, the respondents believe that the costs outweigh its intended benefits.
format	Thesis
qualification_level	Master's degree
author	Mamat, Suriana
author_facet	Mamat, Suriana
author_sort	Mamat, Suriana
title	Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat
title_short	Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat
title_full	Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat
title_fullStr	Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat
title_full_unstemmed	Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat
title_sort	mandatory audit firm rotation : the perception of malaysian public listed companies / suriana mamat
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Accountancy
publishDate	2006
url	https://ir.uitm.edu.my/id/eprint/3549/1/TM_SURIANA%20MAMAT%20AC%2006_5%201.pdf
_version_	1783733096976220160

Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat

Similar Items