Perceived benefit of the 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: | , |
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| Format: | Article |
| Language: | English |
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Taiwan Institute of Business Administration
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/30829/ http://psasir.upm.edu.my/id/eprint/30829/1/Perceived%20benefit%20of%20the%20mandatory%20audit%20of%20small%20business%20in%20Malaysia.pdf |
| _version_ | 1848846789663260672 |
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| 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 | 2025-11-15T09:08:18Z |
| format | Article |
| id | upm-30829 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:08:18Z |
| publishDate | 2013 |
| publisher | Taiwan Institute of Business Administration |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-308292015-09-22T02:31:22Z http://psasir.upm.edu.my/id/eprint/30829/ Perceived benefit of the 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. Taiwan Institute of Business Administration 2013 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/30829/1/Perceived%20benefit%20of%20the%20mandatory%20audit%20of%20small%20business%20in%20Malaysia.pdf Ismail, Hashanah and Loh, Lee Boon (2013) Perceived benefit of the mandatory audit of small business in Malaysia: owners' perspectives. Academy of Taiwan Business Management Review, 9 (1). pp. 146-149. ISSN 1813-0534 |
| spellingShingle | Ismail, Hashanah Loh, Lee Boon Perceived benefit of the mandatory audit of small business in Malaysia: owners' perspectives |
| title | Perceived benefit of the mandatory audit of small business in Malaysia: owners' perspectives |
| title_full | Perceived benefit of the mandatory audit of small business in Malaysia: owners' perspectives |
| title_fullStr | Perceived benefit of the mandatory audit of small business in Malaysia: owners' perspectives |
| title_full_unstemmed | Perceived benefit of the mandatory audit of small business in Malaysia: owners' perspectives |
| title_short | Perceived benefit of the mandatory audit of small business in Malaysia: owners' perspectives |
| title_sort | perceived benefit of the mandatory audit of small business in malaysia: owners' perspectives |
| url | http://psasir.upm.edu.my/id/eprint/30829/ http://psasir.upm.edu.my/id/eprint/30829/1/Perceived%20benefit%20of%20the%20mandatory%20audit%20of%20small%20business%20in%20Malaysia.pdf |