Audit market competition: causes and consequences
The aim of this paper is to examine the impact of competition in audit market and client importance to perceived auditor independence from the perspective of Malaysian auditors, loan officers and senior managers of public listed companies. It is found that auditor independence would be threatened if...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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ICFAI University Press
2009
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| Online Access: | http://psasir.upm.edu.my/id/eprint/13331/ http://psasir.upm.edu.my/id/eprint/13331/1/Audit%20market%20competition%20causes%20and%20consequences.pdf |
| _version_ | 1848842083927851008 |
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| author | Muhamad Sori, Zulkarnain |
| author_facet | Muhamad Sori, Zulkarnain |
| author_sort | Muhamad Sori, Zulkarnain |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The aim of this paper is to examine the impact of competition in audit market and client importance to perceived auditor independence from the perspective of Malaysian auditors, loan officers and senior managers of public listed companies. It is found that auditor independence would be threatened if auditors were to receive significant fees from a single client. The dependence on a single client would cause auditor to face a 'self-threat' risk, where they were economically and financially reliant on a single customer. The interview survey disclosed that regulatory authorities should closely monitor the profession by persistently scrutinising each audit firm's revenue and expenses. |
| first_indexed | 2025-11-15T07:53:30Z |
| format | Article |
| id | upm-13331 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:53:30Z |
| publishDate | 2009 |
| publisher | ICFAI University Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-133312016-01-26T02:22:35Z http://psasir.upm.edu.my/id/eprint/13331/ Audit market competition: causes and consequences Muhamad Sori, Zulkarnain The aim of this paper is to examine the impact of competition in audit market and client importance to perceived auditor independence from the perspective of Malaysian auditors, loan officers and senior managers of public listed companies. It is found that auditor independence would be threatened if auditors were to receive significant fees from a single client. The dependence on a single client would cause auditor to face a 'self-threat' risk, where they were economically and financially reliant on a single customer. The interview survey disclosed that regulatory authorities should closely monitor the profession by persistently scrutinising each audit firm's revenue and expenses. ICFAI University Press 2009 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/13331/1/Audit%20market%20competition%20causes%20and%20consequences.pdf Muhamad Sori, Zulkarnain (2009) Audit market competition: causes and consequences. The ICFAI University Journal of Audit Practice, 6 (1). pp. 36-61. ISSN 0972-9070 http://www.iupindia.in/109/IJAP_AuditMarketCompetition_36.html |
| spellingShingle | Muhamad Sori, Zulkarnain Audit market competition: causes and consequences |
| title | Audit market competition: causes and consequences |
| title_full | Audit market competition: causes and consequences |
| title_fullStr | Audit market competition: causes and consequences |
| title_full_unstemmed | Audit market competition: causes and consequences |
| title_short | Audit market competition: causes and consequences |
| title_sort | audit market competition: causes and consequences |
| url | http://psasir.upm.edu.my/id/eprint/13331/ http://psasir.upm.edu.my/id/eprint/13331/ http://psasir.upm.edu.my/id/eprint/13331/1/Audit%20market%20competition%20causes%20and%20consequences.pdf |