Daniels V Anderson : its applications of contributory negligence on auditors’ duty of care in Malaysia / Zeittey Karmilla Kaman and Tan Swee Lim

As Malaysia gears towards a developed nation by year 2020, we have to prepare ourselves to face and overcome various challenges and complexities, and especially for the businesses to survive. We need to identify a required standard of accountability and liability of auditors, hoping to see a higher...

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Main Authors: Kaman, Zeittey Karmilla, Tan, Swee Lim
Format: Conference or Workshop Item
Language:English
Published: 2010
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/34050/
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author Kaman, Zeittey Karmilla
Tan, Swee Lim
author_facet Kaman, Zeittey Karmilla
Tan, Swee Lim
author_sort Kaman, Zeittey Karmilla
building UiTM Institutional Repository
collection Online Access
description As Malaysia gears towards a developed nation by year 2020, we have to prepare ourselves to face and overcome various challenges and complexities, and especially for the businesses to survive. We need to identify a required standard of accountability and liability of auditors, hoping to see a higher degree of social responsibility from auditors. There has been considerable development of the common law principles regarding auditors’ liabilities in recent years. The apportionment of damages for contributory negligence which may be caused by concurrent but independent acts or omissions of two or more parties resulting in a loss suffered by the company will fairly and justly hold every party responsible and liable according to the damage caused by them. Due to these, we need to identify and legislate, if needed, new provisions and use new approaches relevant to this present era to cater for current environment. One of the consideration is to adopt the concept of contributory negligence and the subsequent application of apportionment of liabilities among the company, management and auditors upon any losses resulted from negligence cause by these parties.
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publishDate 2010
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spelling uitm-340502021-12-06T06:55:45Z https://ir.uitm.edu.my/id/eprint/34050/ Daniels V Anderson : its applications of contributory negligence on auditors’ duty of care in Malaysia / Zeittey Karmilla Kaman and Tan Swee Lim Kaman, Zeittey Karmilla Tan, Swee Lim General works. Financial institutions Financial management. Business finance. Corporation finance As Malaysia gears towards a developed nation by year 2020, we have to prepare ourselves to face and overcome various challenges and complexities, and especially for the businesses to survive. We need to identify a required standard of accountability and liability of auditors, hoping to see a higher degree of social responsibility from auditors. There has been considerable development of the common law principles regarding auditors’ liabilities in recent years. The apportionment of damages for contributory negligence which may be caused by concurrent but independent acts or omissions of two or more parties resulting in a loss suffered by the company will fairly and justly hold every party responsible and liable according to the damage caused by them. Due to these, we need to identify and legislate, if needed, new provisions and use new approaches relevant to this present era to cater for current environment. One of the consideration is to adopt the concept of contributory negligence and the subsequent application of apportionment of liabilities among the company, management and auditors upon any losses resulted from negligence cause by these parties. 2010 Conference or Workshop Item PeerReviewed text en https://ir.uitm.edu.my/id/eprint/34050/1/34050.pdf Kaman, Zeittey Karmilla and Tan, Swee Lim (2010) Daniels V Anderson : its applications of contributory negligence on auditors’ duty of care in Malaysia / Zeittey Karmilla Kaman and Tan Swee Lim. (2010) In: ICOPS 2010 : International Conference on Public Polices & Social Sciences : E-Proceedings, 26 to 27 May 2010, SP Inn Hotel, Sungai Petani Kedah, Malaysia.
spellingShingle General works. Financial institutions
Financial management. Business finance. Corporation finance
Kaman, Zeittey Karmilla
Tan, Swee Lim
Daniels V Anderson : its applications of contributory negligence on auditors’ duty of care in Malaysia / Zeittey Karmilla Kaman and Tan Swee Lim
title Daniels V Anderson : its applications of contributory negligence on auditors’ duty of care in Malaysia / Zeittey Karmilla Kaman and Tan Swee Lim
title_full Daniels V Anderson : its applications of contributory negligence on auditors’ duty of care in Malaysia / Zeittey Karmilla Kaman and Tan Swee Lim
title_fullStr Daniels V Anderson : its applications of contributory negligence on auditors’ duty of care in Malaysia / Zeittey Karmilla Kaman and Tan Swee Lim
title_full_unstemmed Daniels V Anderson : its applications of contributory negligence on auditors’ duty of care in Malaysia / Zeittey Karmilla Kaman and Tan Swee Lim
title_short Daniels V Anderson : its applications of contributory negligence on auditors’ duty of care in Malaysia / Zeittey Karmilla Kaman and Tan Swee Lim
title_sort daniels v anderson : its applications of contributory negligence on auditors’ duty of care in malaysia / zeittey karmilla kaman and tan swee lim
topic General works. Financial institutions
Financial management. Business finance. Corporation finance
url https://ir.uitm.edu.my/id/eprint/34050/