Audit Qualifcation and Its Determinants in Malaysia

CHAPTER ONE OVERVIEW OF THE STUDY 1.1INTRODUCTIO The usefulness and reliability of the visited m onetary statements depend on the eccentric of audit and the integrity of the attender. One of the measures of audit quality is the attenders report which contains important information for stakeholders about the quality of the financial statements as well as both(prenominal) indication towards the attach tos performance. While the audit quality is difficult to measure, the extent to the hearer is entrusting to issue qualified opinion often provides some indication of audit quality.(Chen et. al.,2005). The qualified opinion of the auditor is one type of auditor report that conveys some bad give-and-take related to the company. This type of report is considered a warning to users and may affect the companys reputation because it is the only decision make by auditor that is objectively observable by the public. Usually, when the sovereign auditor issues this type of report to shareholders and other users, it indicates that the managers accounts may be, in some respect, not true and fair view which in turn may reflect that some aspects of stewardship is being brought into question.

several(prenominal) prior studies take investigated different variables in different models that have been advocated as explanatory factors of audit qualifications including companys characteristics(i.e. performance), market variables, auditor characteristics and corporate governance. My study will examine in the context of Malaysia will examine auditee financial performance measures, auditor characteristics and it will incorporate corporate governance factors variables that may effect audit qualifications 1.2OBJECTIVE OF THE STUDY The main objective of this question is to explore by trial and error the association between obtaining audit qualifications and the characteristics of auditee and auditor. The paper will research on whether such characteristics is a useful indicator for predicting qualifications in... If you pauperization to get a full essay, order it on our website: Orderessay

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