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...

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Bibliographic Details
Main Author:	Mamat, Suriana
Format:	Thesis
Language:	English
Published:	2006
Subjects:	Periodicals. Societies. Serials Malaysia Internal auditing
Online Access:	http://ir.uitm.edu.my/id/eprint/3549/ http://ir.uitm.edu.my/id/eprint/3549/1/TM_SURIANA%20MAMAT%20AC%2006_5%201.pdf

id	uitm-3549
recordtype	eprints
spelling	uitm-35492016-08-17T08:57:58Z http://ir.uitm.edu.my/id/eprint/3549/ Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat 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 NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/3549/1/TM_SURIANA%20MAMAT%20AC%2006_5%201.pdf Mamat, Suriana (2006) Mandatory audit firm rotation : the perception of Malaysian public listed companies / Suriana Mamat. Masters thesis, Universiti Teknologi MARA.
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
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
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
publishDate	2006
url	http://ir.uitm.edu.my/id/eprint/3549/ http://ir.uitm.edu.my/id/eprint/3549/1/TM_SURIANA%20MAMAT%20AC%2006_5%201.pdf
first_indexed	2023-09-18T22:46:41Z
last_indexed	2023-09-18T22:46:41Z
_version_	1777417271944151040

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

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