UPM Institutional Repository

Perceived benefit of the mandatory audit of small business in Malaysia: owners' perspectives


Citation

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

Abstract

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.


Download File

[img]
Preview
PDF (Abstract)
Perceived benefit of the mandatory audit of small business in Malaysia.pdf

Download (178kB) | Preview

Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: Taiwan Institute of Business Administration
Keywords: Statutory audit; Malaysian small business; Business location; Audit exemptions.
Depositing User: Umikalthom Abdullah
Date Deposited: 07 Apr 2015 00:49
Last Modified: 22 Sep 2015 02:31
URI: http://psasir.upm.edu.my/id/eprint/30829
Statistic Details: View Download Statistic

Actions (login required)

View Item View Item