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Auditor Independence in Malaysia
1Nahariah Jaffar,1Zarehan Selamat,2Nur Hayati Ismail
Pakistan Journal of Social Sciences , 2012,
Abstract: The external auditors have been described as a person who hold the responsibility to express his / her opinion on the fairness of the client`s financial statements. They are expected to be independence, not only in fact but also in appearance in conducting their professional work. Lack of independence has caused concern in the community. In this context, the objective of this study is to examine the impact of the degree of competition of audit clients, the provision of non-audit services, the size of the audit firm and audit tenure on Malaysian bank loan officers` perceptions of auditor independence. The perceptions of the loan officers were solicited by distributing questionnaires via drop-off-method which achieved a response rate of 63 per cent. Taken as a whole, the findings of the study suggest that the respondent would be highly confidence with the independence of the auditor if the degree of competition in the audit market is low; the auditor do not provide management consulting services to the same client; the size of the audit firm is large and the audit tenure is less than 5 years. Plausible implications of the findings of the study are presented and areas for future research are also proposed.
Auditor Independence: Malaysian Accountant's Perception  [cached]
Nur Barizah Abu Bakar,Maslina Ahmad
International Journal of Business and Management , 2009, DOI: 10.5539/ijbm.v4n12p129
Abstract: Independence is the primary justification of the existence, and thus the hallmark of the auditing profession. It is recognized as the primary attribute to be maintained by auditors in all circumstances. This study attempts to explore the determinants of auditor independence as perceived by Malaysian accountants using a self-administered mail survey. It was evidenced from the survey that size of audit fees is the most important factor, followed by competition, size of audit firm, tenure, provision of management advisory service and finally audit committee. More specifically, the study indicates that (1) larger size of audit fees, (2) audit firms operating in a higher level of competitive environments, (3) smaller audit firms, (4) audit firms serving a given client over a longer duration, (5) audit firms providing MAS, and, (6) the non-existence of an audit committee, are perceived as having a higher risk of losing independence. This study provides a basis for the profession to establish policies relating to auditor independence. Also, it may assist policy makers and other relevant international accounting agencies in their attempt towards the international harmonization of auditing standards. The major contribution of this paper is that it supplies recent evidence on factors influencing auditor independence from the viewpoint of Malaysian accountants.
Audit Competence and Audit Quality: Case in Emerging Economy  [cached]
Ali Mansouri,Reza Pirayesh,Mahdi Salehi
International Journal of Business and Management , 2009, DOI: 10.5539/ijbm.v4n2p17
Abstract: From the bankruptcy filing of Enron on December 2, 2001 for the next 12 months, an unprecedented string of large bankruptcies and corporate scandals emerged. Six of the ten largest corporate bankruptcies occurred in this 12-month period. Of these six, all received unmodified opinions and four of the six (WorldCom, Enron, Global Crossing, and UAL Corp) were clients of Arthur Andersen. As it is very clear external auditors play vital role in our society, on the other words Financial statement users must believe that external auditors are free from others control, or users will doubt the verity of auditors' representa tions. Auditor independence provides investors confidence in audited financial statements. Further, auditor independence is the cornerstone of the public accounting profession (Mednick, 1990). Any threat to audit independence may undermine this confidence. The impairment or lack of auditor independence is a main cause of many corporate collapses and corporate scandals across the world. Without independence the audit quality and audit detection duty is questionable. The results of this study shows that specialization of IACPA strongly affects on fraud detection, in addition the competency of IACPA member affects on detecting important fraud.
The Case Analysis of the Scandal of Enron  [cached]
Yuhao Li
International Journal of Business and Management , 2010, DOI: 10.5539/ijbm.v5n10p37
Abstract: The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time, Enron undoubtedly is the biggest audit failure. It is ever the most famous company in the world, but it also is one of companies which fell down too fast. In this paper, it analysis the reason for this event in detail including the management, conflict of interest and accounting fraud. Meanwhile, it makes analysis the moral responsibility From Individuals’ Angle and Corporation’s Angle.
Auditor independence, joint determination of audit and non-audit fees and the incidence of qualified audit reports
Cristina De Fuentes,María Consuelo Pucheta-Martínez
Academia : Revista Latinoamericana de Administración , 2009,
Abstract: El objetivo de este trabajo es analizar si la independencia del auditor de una empresa se ve comprometida cuando presta de forma conjunta servicios de auditoría y servicios adicionales a la misma, en un entorno con bajo riesgo de litigio como es el espa ol, donde no es probable que el auditor de cuentas se enfrente a algún litigio por haber llevado a cabo una mala praxis. Para alcanzar este objetivo, nosotros estudiamos si los honorarios de la auditoría y de los servicios adicionales a la misma se determinan de forma conjunta, así como también si la provisión conjunta de ambos servicios reduce la incidencia de informes de auditoría con salvedades. Al igual que la evidencia previa, nosotros concluimos que cuando aplicamos un sistema de ecuaciones simples se pone de manifiesto transferencia de conocimientos entre los dos servicios. No obstante, nosotros también contrastamos empíricamente que los servicios de auditoría y de los servicios adicionales a la misma se determinan conjuntamente y cuando aplicamos un modelo de ecuaciones simultáneas, los resultados no revelan transferencia de conocimientos. Por otra parte, también evidenciamos que los auditores que prestan de forma conjunta los dos servicios no son más proclives a reducir la emisión de informes de auditoría con salvedades.
Network Analysis with the Enron Email Corpus  [PDF]
Johanna Hardin,Ghassan Sarkis,P. C. Urc
Computer Science , 2014,
Abstract: We use the Enron email corpus to study relationships in a network by applying six different measures of centrality. Our results came out of an in-semester undergraduate research seminar. The Enron corpus is well suited to statistical analyses at all levels of undergraduate education. Through this note's focus on centrality, students can explore the dependence of statistical models on initial assumptions and the interplay between centrality measures and hierarchical ranking, and they can use completed studies as springboards for future research. The Enron corpus also presents opportunities for research into many other areas of analysis, including social networks, clustering, and natural language processing.
The Relationships between Director-Auditor Link and Audit Opinion
Mazrah Malek,Ayoib Che Ahmad
Asian Journal of Finance & Accounting , 2011, DOI: 10.5296/ajfa.v3i1.661
Abstract: The auditor-auditee relationship has become a concern due to its possible effect on auditor’s independence. One common form of relationship is the director-auditor link generated by interlocking directorates. Therefore the objective of this study is to examine the effect of director-auditor link on audit opinion. Analysis is conducted by using Probit regression on a sample of 759 companies listed on the Bursa Malaysia for the year 2007. The results show that the issuance of audit opinion is influenced by the director-auditor link, whereby it is found that auditors have higher possibility to issue unqualified audit opinion to interlink companies (interlocking companies sharing a common auditor). The findings are consistent with the attachment theory which suggests that attachments create mutual dependence and mutual trusts between the parties involved.
Enron-Andersen Un caso para análisis y reflexión  [cached]
Alfredo Adam Adam
Contaduría y administración , 2002,
Audit Independence and Expectation Gap: Empirical Evidences from Iran  [cached]
Mahdi Salehi,Ali Mansoury,Zhila Azary
International Journal of Economics and Finance , 2009, DOI: 10.5539/ijef.v1n1p165
Abstract: This paper discusses about auditor independence and audit expectation gap. An independent auditor is essential because of the separation of ownership from the management; the independent factor is the foundation of the public accounting profession and upon its maintenance depend the profession’s strength and its stature. Independence is fundamental to the reliability of auditors’ reports. The causes for reducing independence are economic dependence of the auditor on the client; audit market competition; the provision of non-audit services (NAS); the regulatory framework. Due to these causes auditors are not able to produce a fair report. Therefore “auditor independence is a key element of the audit expectation gap”. If auditors are independent it reduces the expectation gap.
The Independence Indicators of the Audit Profession in Spain  [PDF]
Nuria Rodríguez-ávila, Teresa Monllau-Jaques
Sociology Mind (SM) , 2013, DOI: 10.4236/sm.2013.31007

The development of professions is framed in the social, political and economic context of our society. Currently, professions are like an essential element of new forms of capital. We consider that the profession of auditor in Spain deserves special attention because the auditor should be adapted to the European Directive 2006/43/CE. The audit profession should be asked: What needs to be the respects of reform so that the profession can be performed as well in the global as in the European context? We studied these aspects of the audit’s work: 1) The independence of the audit; 2) The responsibility of auditor has to assume the auditor in the exercise of their profession; 3) What is the women's situation in the profession now in Catalonia? The methodology used for this study was in the first part of the study, we analyzed the independence of the auditor associated to the cost of service by the distribution of the fees and correlated to the Ibex 35 business indicator from 2002 to 2007 in Spain. For the second and third part, we review the literature and the scientific journals to study the auditor responsibility. In conclusion, our study shows some light on the auditor independence in Spain, that it is similar to the other European countries about the quality service review. In the future, we want to analyze the implication of the new legislation for women inside the profession.

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