Auditor independence: Malaysian accountants’ perceptions

Independence is the primary justification of the existence, and thus the hallmark of the auditing profession. It is recognized as the primary attribute to be maintained by auditors in all circumstances. This study attempts to explore the determinants of auditor independence as perceived by Malay...

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Main Authors:	Abu Bakar, Nur Barizah, Ahmad, Maslina
Format:	Article
Language:	English
Published:	Canadian Center of Science and Education 2009
Subjects:	HF5601 Accounting. Bookkeeping
Online Access:	http://irep.iium.edu.my/33838/ http://irep.iium.edu.my/33838/ http://irep.iium.edu.my/33838/1/3607-13638-1-PB.pdf

id	iium-33838
recordtype	eprints
spelling	iium-338382014-01-06T04:52:58Z http://irep.iium.edu.my/33838/ Auditor independence: Malaysian accountants’ perceptions Abu Bakar, Nur Barizah Ahmad, Maslina HF5601 Accounting. Bookkeeping Independence is the primary justification of the existence, and thus the hallmark of the auditing profession. It is recognized as the primary attribute to be maintained by auditors in all circumstances. This study attempts to explore the determinants of auditor independence as perceived by Malaysian accountants using a self-administered mail survey. It was evidenced from the survey that size of audit fees is the most important factor, followed by competition, size of audit firm, tenure, provision of management advisory service and finally audit committee. More specifically, the study indicates that (1) larger size of audit fees, (2) audit firms operating in a higher level of competitive environments, 3) smaller audit firms, (4) audit firms serving a given client over a longer duration, (5) audit firms providing MAS, and, (6) the non-existence of an audit committee, are perceived as having a higher risk of losing independence. This study provides a basis for the profession to establish policies relating to auditor independence. Also, it may assist policy makers and other relevant international accounting agencies in their attempt towards the international harmonization of auditing standards. The major contribution of this paper is that it supplies recent evidence on factors influencing auditor independence from the viewpoint of Malaysian accountants. Canadian Center of Science and Education 2009-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/33838/1/3607-13638-1-PB.pdf Abu Bakar, Nur Barizah and Ahmad, Maslina (2009) Auditor independence: Malaysian accountants’ perceptions. International Journal of Business and Management, 4 (12). pp. 129-141. ISSN 1833 - 8119 http://ccsenet.org/journal/index.php/ijbm/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF5601 Accounting. Bookkeeping
spellingShingle	HF5601 Accounting. Bookkeeping Abu Bakar, Nur Barizah Ahmad, Maslina Auditor independence: Malaysian accountants’ perceptions
description	Independence is the primary justification of the existence, and thus the hallmark of the auditing profession. It is recognized as the primary attribute to be maintained by auditors in all circumstances. This study attempts to explore the determinants of auditor independence as perceived by Malaysian accountants using a self-administered mail survey. It was evidenced from the survey that size of audit fees is the most important factor, followed by competition, size of audit firm, tenure, provision of management advisory service and finally audit committee. More specifically, the study indicates that (1) larger size of audit fees, (2) audit firms operating in a higher level of competitive environments, 3) smaller audit firms, (4) audit firms serving a given client over a longer duration, (5) audit firms providing MAS, and, (6) the non-existence of an audit committee, are perceived as having a higher risk of losing independence. This study provides a basis for the profession to establish policies relating to auditor independence. Also, it may assist policy makers and other relevant international accounting agencies in their attempt towards the international harmonization of auditing standards. The major contribution of this paper is that it supplies recent evidence on factors influencing auditor independence from the viewpoint of Malaysian accountants.
format	Article
author	Abu Bakar, Nur Barizah Ahmad, Maslina
author_facet	Abu Bakar, Nur Barizah Ahmad, Maslina
author_sort	Abu Bakar, Nur Barizah
title	Auditor independence: Malaysian accountants’ perceptions
title_short	Auditor independence: Malaysian accountants’ perceptions
title_full	Auditor independence: Malaysian accountants’ perceptions
title_fullStr	Auditor independence: Malaysian accountants’ perceptions
title_full_unstemmed	Auditor independence: Malaysian accountants’ perceptions
title_sort	auditor independence: malaysian accountants’ perceptions
publisher	Canadian Center of Science and Education
publishDate	2009
url	http://irep.iium.edu.my/33838/ http://irep.iium.edu.my/33838/ http://irep.iium.edu.my/33838/1/3607-13638-1-PB.pdf
first_indexed	2023-09-18T20:48:56Z
last_indexed	2023-09-18T20:48:56Z
_version_	1777409862993444864

Auditor independence: Malaysian accountants’ perceptions

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