A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin
This study provides an overview of the issue of financial restatements among Malaysian public listed companies by investigating the trend and reasons for financial restatements for the period beginning 2005 through to 2014. Based on the Thompson Reuters DataStream database which provides restatement...
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| Format: | Article |
| Language: | English |
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Universiti Teknologi MARA Cawangan Sarawak
2017
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| Online Access: | https://ir.uitm.edu.my/id/eprint/33989/ |
| _version_ | 1848808430380253184 |
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| author | Qasem, Ameen Aripin, Norhani Wan Hussin, Wan Nordin |
| author_facet | Qasem, Ameen Aripin, Norhani Wan Hussin, Wan Nordin |
| author_sort | Qasem, Ameen |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | This study provides an overview of the issue of financial restatements among Malaysian public listed companies by investigating the trend and reasons for financial restatements for the period beginning 2005 through to 2014. Based on the Thompson Reuters DataStream database which provides restatement data for 915 Malaysian companies (9,150 company-year observations), detailed analysis shows that there is a total of 1,945 (21.26%) restatements occurring during the period. The highest number of restatement occurrences was in 2010 with 342 cases (17.58%) while the lowest was in 2008 with 41 cases (2.11%). The majority of restatement cases occurred due to changes in accounting policies with more than 75% of financial restatement cases found within four sectors: industrial products, trading and services, consumer products, and technology. The results of the study will be useful to regulating bodies such as Bursa Malaysia, Securities Commission and Malaysian Accounting Standard Board in as much as they highlight the trend and reasons for financial restatements among Malaysian public listed companies. Further investigation could be conducted for companies that regularly change their accounting policies |
| first_indexed | 2025-11-14T22:58:35Z |
| format | Article |
| id | uitm-33989 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:58:35Z |
| publishDate | 2017 |
| publisher | Universiti Teknologi MARA Cawangan Sarawak |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-339892022-08-26T09:02:45Z https://ir.uitm.edu.my/id/eprint/33989/ A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin ijsms Qasem, Ameen Aripin, Norhani Wan Hussin, Wan Nordin Methodology Banking Interest rates Credit. Debt. Loans This study provides an overview of the issue of financial restatements among Malaysian public listed companies by investigating the trend and reasons for financial restatements for the period beginning 2005 through to 2014. Based on the Thompson Reuters DataStream database which provides restatement data for 915 Malaysian companies (9,150 company-year observations), detailed analysis shows that there is a total of 1,945 (21.26%) restatements occurring during the period. The highest number of restatement occurrences was in 2010 with 342 cases (17.58%) while the lowest was in 2008 with 41 cases (2.11%). The majority of restatement cases occurred due to changes in accounting policies with more than 75% of financial restatement cases found within four sectors: industrial products, trading and services, consumer products, and technology. The results of the study will be useful to regulating bodies such as Bursa Malaysia, Securities Commission and Malaysian Accounting Standard Board in as much as they highlight the trend and reasons for financial restatements among Malaysian public listed companies. Further investigation could be conducted for companies that regularly change their accounting policies Universiti Teknologi MARA Cawangan Sarawak 2017-06 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/33989/1/33989.pdf Qasem, Ameen and Aripin, Norhani and Wan Hussin, Wan Nordin (2017) A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin. (2017) International Journal of Service Management and Sustainability (IJSMS) <https://ir.uitm.edu.my/view/publication/International_Journal_of_Service_Management_and_Sustainability_=28IJSMS=29.html>, 2 (2). pp. 1-16. ISSN 2550-1569 http://www.ijsmssarawak.com/ |
| spellingShingle | Methodology Banking Interest rates Credit. Debt. Loans Qasem, Ameen Aripin, Norhani Wan Hussin, Wan Nordin A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin |
| title | A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin |
| title_full | A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin |
| title_fullStr | A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin |
| title_full_unstemmed | A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin |
| title_short | A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin |
| title_sort | descriptive analysis of financial restatements in malaysia / ameen qasem, norhani aripin and wan nordin wan hussin |
| topic | Methodology Banking Interest rates Credit. Debt. Loans |
| url | https://ir.uitm.edu.my/id/eprint/33989/ https://ir.uitm.edu.my/id/eprint/33989/ |