Auditing standards in Malaysia
The audit profession in Malaysia today faces many problems; the most urgent of which is the apparent lack of professional standards by some auditors in the conduct of their audits.The problem is further aggravated by the lack of legal or professional sanction on the auditors in the face of massive a...
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Penerbit Universiti Kebangsaan Malaysia
1982
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| Online Access: | http://journalarticle.ukm.my/7892/ http://journalarticle.ukm.my/7892/ http://journalarticle.ukm.my/7892/1/1386-2669-1-SM.pdf |
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ukm-7892 |
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eprints |
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ukm-78922016-12-14T06:45:33Z http://journalarticle.ukm.my/7892/ Auditing standards in Malaysia Heng, Ji Keng The audit profession in Malaysia today faces many problems; the most urgent of which is the apparent lack of professional standards by some auditors in the conduct of their audits.The problem is further aggravated by the lack of legal or professional sanction on the auditors in the face of massive audit failures. This is no blessing to the image of the audit as well as the accounting profession as a whole, as the audit function forms the vel)' backbone of the accounting profession. It is the audit function that has given the accounting profession the prestige and the professional status that it currently enjoys and it is the independent audit function which has distinguished the accounting profession from the other related professions in the fields of information systems such as management consultants, computer experts and statisticians. In this article, the writer has proposed a framework for the formulation and enforcement of a codified set of auditing standards by the profession itself, for the regulation of the audit profession in the Malaysian environment. lt is the view of the writer that the regulation of the accoun ting profession should be entrusted to the profession itself and should not be left in tile hands of legislators who do not understand fully the significance of the accounting concep ts and principles involved. In formulating his proposals, the writer has carried out a survey and made comparative studies of the audit professions in the developed countries. Penerbit Universiti Kebangsaan Malaysia 1982 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7892/1/1386-2669-1-SM.pdf Heng, Ji Keng (1982) Auditing standards in Malaysia. Jurnal Pengurusan, 1 . pp. 33-43. ISSN 0127-2713 http://ejournals.ukm.my/pengurusan/issue/view/ |
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Digital Repository |
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Local University |
| institution |
Universiti Kebangasaan Malaysia |
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UKM Institutional Repository |
| collection |
Online Access |
| language |
English |
| description |
The audit profession in Malaysia today faces many problems; the most urgent of which is the apparent lack of professional standards by some auditors in the conduct of their audits.The problem is further aggravated by the lack of legal or professional sanction on the auditors in the face of massive audit failures. This is no blessing to the image of the audit as well as the accounting profession as a whole, as the audit function forms the vel)' backbone of the accounting profession. It is the audit function that has given the accounting profession the prestige and the professional status that it currently enjoys and it is the independent audit function which has distinguished the accounting profession from the other related professions in the fields of information systems such as management consultants, computer experts and statisticians.
In this article, the writer has proposed a framework for the formulation and enforcement of a codified set of auditing standards by the profession itself, for the regulation of the audit profession in the Malaysian environment. lt is the view of the writer that the regulation of the accoun ting profession should be entrusted to the profession itself and should not be left in tile hands of legislators who do not understand fully the significance of the accounting concep ts and principles involved.
In formulating his proposals, the writer has carried out a survey and made comparative studies of the audit professions in the developed countries. |
| format |
Article |
| author |
Heng, Ji Keng |
| spellingShingle |
Heng, Ji Keng Auditing standards in Malaysia |
| author_facet |
Heng, Ji Keng |
| author_sort |
Heng, Ji Keng |
| title |
Auditing standards in Malaysia |
| title_short |
Auditing standards in Malaysia |
| title_full |
Auditing standards in Malaysia |
| title_fullStr |
Auditing standards in Malaysia |
| title_full_unstemmed |
Auditing standards in Malaysia |
| title_sort |
auditing standards in malaysia |
| publisher |
Penerbit Universiti Kebangsaan Malaysia |
| publishDate |
1982 |
| url |
http://journalarticle.ukm.my/7892/ http://journalarticle.ukm.my/7892/ http://journalarticle.ukm.my/7892/1/1386-2669-1-SM.pdf |
| first_indexed |
2023-09-18T19:50:54Z |
| last_indexed |
2023-09-18T19:50:54Z |
| _version_ |
1777406212363517952 |