Mandatory audit of small business in Malaysia: owners' perspectives
This paper reports on a survey of small businesses in Selangor and Kuala Lumpur on the perceived benefit of the statutory audit. The study finds that nearly half (44%) of the sample companies would not continue to have their accounts audited if not legally required to do so. However, the sample comp...
| Main Authors: | , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Conference Master Resources
2012
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/21262/ http://psasir.upm.edu.my/id/eprint/21262/1/093_295_3rdICBER2012_Proceeding_PG1370_1384.pdf |
| _version_ | 1848844173755547648 |
|---|---|
| author | Ismail, Hashanah Loh, Lee Boon |
| author_facet | Ismail, Hashanah Loh, Lee Boon |
| author_sort | Ismail, Hashanah |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This paper reports on a survey of small businesses in Selangor and Kuala Lumpur on the perceived benefit of the statutory audit. The study finds that nearly half (44%) of the sample companies would not continue to have their accounts audited if not legally required to do so. However, the sample companies generally agreed that audit can provide a check on internal control or accounting records. The location, age, ownership structure, education level and
relationship with accounting cost were the factors found to significantly affect the owners’ perception of the need for annual audit by small companies. This is the first study that uses location, education level and relationship with accounting cost as the variable to test the perceptions of business owners towards a mandatory annual audit of financial statements. |
| first_indexed | 2025-11-15T08:26:43Z |
| format | Conference or Workshop Item |
| id | upm-21262 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:26:43Z |
| publishDate | 2012 |
| publisher | Conference Master Resources |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-212622019-12-04T06:36:11Z http://psasir.upm.edu.my/id/eprint/21262/ Mandatory audit of small business in Malaysia: owners' perspectives Ismail, Hashanah Loh, Lee Boon This paper reports on a survey of small businesses in Selangor and Kuala Lumpur on the perceived benefit of the statutory audit. The study finds that nearly half (44%) of the sample companies would not continue to have their accounts audited if not legally required to do so. However, the sample companies generally agreed that audit can provide a check on internal control or accounting records. The location, age, ownership structure, education level and relationship with accounting cost were the factors found to significantly affect the owners’ perception of the need for annual audit by small companies. This is the first study that uses location, education level and relationship with accounting cost as the variable to test the perceptions of business owners towards a mandatory annual audit of financial statements. Conference Master Resources 2012 Conference or Workshop Item PeerReviewed text en http://psasir.upm.edu.my/id/eprint/21262/1/093_295_3rdICBER2012_Proceeding_PG1370_1384.pdf Ismail, Hashanah and Loh, Lee Boon (2012) Mandatory audit of small business in Malaysia: owners' perspectives. In: 3rd International Conference on Business and Economic Research (3rd ICBER 2012), 12-13 Mar. 2012, Golden Flower Hotel, Bandung, Indonesia. (pp. 1370-1384). |
| spellingShingle | Ismail, Hashanah Loh, Lee Boon Mandatory audit of small business in Malaysia: owners' perspectives |
| title | Mandatory audit of small business in Malaysia: owners' perspectives |
| title_full | Mandatory audit of small business in Malaysia: owners' perspectives |
| title_fullStr | Mandatory audit of small business in Malaysia: owners' perspectives |
| title_full_unstemmed | Mandatory audit of small business in Malaysia: owners' perspectives |
| title_short | Mandatory audit of small business in Malaysia: owners' perspectives |
| title_sort | mandatory audit of small business in malaysia: owners' perspectives |
| url | http://psasir.upm.edu.my/id/eprint/21262/ http://psasir.upm.edu.my/id/eprint/21262/1/093_295_3rdICBER2012_Proceeding_PG1370_1384.pdf |