Attestation audits revisited : how about performance audits for public companies? / Haji Shafi Mohamad

The primary objective of this paper is to study the possibility of making performance audits mandatory initially at least for all publicly-listed companies. Auditing the performance of management and commenting on how economically, efficiently and effectively they have performed their duties is not...

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Main Author:	Mohamad, Shafi
Format:	Article
Language:	English
Published:	Universiti Teknologi MARA, Sarawak 2004
Online Access:	http://ir.uitm.edu.my/id/eprint/16779/ http://ir.uitm.edu.my/id/eprint/16779/2/AJ_HAJI%20SHAFI%20MOHAMAD%20JAS%2004.pdf

id	uitm-16779
recordtype	eprints
spelling	uitm-167792019-02-15T01:34:38Z http://ir.uitm.edu.my/id/eprint/16779/ Attestation audits revisited : how about performance audits for public companies? / Haji Shafi Mohamad Mohamad, Shafi The primary objective of this paper is to study the possibility of making performance audits mandatory initially at least for all publicly-listed companies. Auditing the performance of management and commenting on how economically, efficiently and effectively they have performed their duties is not a new subject. However, up until now the results of performance audits have usually been kept within the organization concerned ('in-house'). With the growth of perceived dissatisfaction with current auditing practices and the demand for more management accountability due to corporate collapses, this paper considers the possibility of performance audits being made mandatory. Problems to be overcome in establishing a performance audit framework include audit independence, cost/benefit decisions and the establishment of adequate measurement criteria. However, if the demands for performance audits escalate these problems will have to be overcome. Indeed they are not now seen as insurmountable. If the general public and the business community consider that this is the function they want an audit to perform in the future, for all entities both public and private, then performance auditing may acquire just as important a status as currently held by financial statements auditing. Therefore debate over the potential benefits of compulsory performance audits continues to increase. Universiti Teknologi MARA, Sarawak 2004 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/16779/2/AJ_HAJI%20SHAFI%20MOHAMAD%20JAS%2004.pdf Mohamad, Shafi (2004) Attestation audits revisited : how about performance audits for public companies? / Haji Shafi Mohamad. Jurnal Akademik UiTM Sarawak. pp. 57-71. ISSN 0128-2635
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
description	The primary objective of this paper is to study the possibility of making performance audits mandatory initially at least for all publicly-listed companies. Auditing the performance of management and commenting on how economically, efficiently and effectively they have performed their duties is not a new subject. However, up until now the results of performance audits have usually been kept within the organization concerned ('in-house'). With the growth of perceived dissatisfaction with current auditing practices and the demand for more management accountability due to corporate collapses, this paper considers the possibility of performance audits being made mandatory. Problems to be overcome in establishing a performance audit framework include audit independence, cost/benefit decisions and the establishment of adequate measurement criteria. However, if the demands for performance audits escalate these problems will have to be overcome. Indeed they are not now seen as insurmountable. If the general public and the business community consider that this is the function they want an audit to perform in the future, for all entities both public and private, then performance auditing may acquire just as important a status as currently held by financial statements auditing. Therefore debate over the potential benefits of compulsory performance audits continues to increase.
format	Article
author	Mohamad, Shafi
spellingShingle	Mohamad, Shafi Attestation audits revisited : how about performance audits for public companies? / Haji Shafi Mohamad
author_facet	Mohamad, Shafi
author_sort	Mohamad, Shafi
title	Attestation audits revisited : how about performance audits for public companies? / Haji Shafi Mohamad
title_short	Attestation audits revisited : how about performance audits for public companies? / Haji Shafi Mohamad
title_full	Attestation audits revisited : how about performance audits for public companies? / Haji Shafi Mohamad
title_fullStr	Attestation audits revisited : how about performance audits for public companies? / Haji Shafi Mohamad
title_full_unstemmed	Attestation audits revisited : how about performance audits for public companies? / Haji Shafi Mohamad
title_sort	attestation audits revisited : how about performance audits for public companies? / haji shafi mohamad
publisher	Universiti Teknologi MARA, Sarawak
publishDate	2004
url	http://ir.uitm.edu.my/id/eprint/16779/ http://ir.uitm.edu.my/id/eprint/16779/2/AJ_HAJI%20SHAFI%20MOHAMAD%20JAS%2004.pdf
first_indexed	2023-09-18T22:56:50Z
last_indexed	2023-09-18T22:56:50Z
_version_	1777417910619209728

Attestation audits revisited : how about performance audits for public companies? / Haji Shafi Mohamad

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