A SOCIO-LEGAL STUDY ON NON-COMPLIANCE WITH ACCOUNTING STANDARDS AND CLEAN AUDIT REPORT

Abdullah, Mazni and Sapiei, Noor Sharoja and Ismail Nawang, Nazli (2015) A SOCIO-LEGAL STUDY ON NON-COMPLIANCE WITH ACCOUNTING STANDARDS AND CLEAN AUDIT REPORT. In: 4th International Conference on Law and Society 2015, 10 - 11 May 2015, Universiti Sultan Zainal Abidin.

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Abstract

This study aims to explore the reasons why a clean audit report was issued despite non-compliance with accounting standards disclosure requirements. To achieve this objective, a semi-structured interview was used to gather opinions of practitioners regarding the issuance of clean audit report with respect to non-compliance with accounting standards. Our interview findings indicate that materiality and true and fair view could be the answers for issuing a clean audit report despite significant non-compliance with accounting standards. The findings of this study might help regulators, standard-setters and accounting professional bodies in monitoring and safeguarding the quality of financial reporting.

Item Type: Conference or Workshop Item (Paper)
Subjects: K Law > K Law (General)
Faculty / Institute: Faculty of Law, Accountancy & International Relations
Depositing User: Mr Nazli Ismail
Date Deposited: 27 Dec 2015 06:47
Last Modified: 27 Dec 2015 06:47
URI: http://erep.unisza.edu.my/id/eprint/4244

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