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A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin

This study provides an overview of the issue of financial restatements among Malaysian public listed companies by investigating the trend and reasons for financial restatements for the period beginning 2005 through to 2014. Based on the Thompson Reuters DataStream database which provides restatement...

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Main Authors: Qasem, Ameen, Aripin, Norhani, Wan Hussin, Wan Nordin
Format: Article
Language:English
Published: Universiti Teknologi MARA Cawangan Sarawak 2017
Subjects:
Methodology
Banking
Interest rates
Credit. Debt. Loans
Online Access:https://ir.uitm.edu.my/id/eprint/33989/1/33989.pdf
https://ir.uitm.edu.my/id/eprint/33989/
http://www.ijsmssarawak.com/
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spelling my.uitm.ir.339892022-08-26T09:02:45Z https://ir.uitm.edu.my/id/eprint/33989/ A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin Qasem, Ameen Aripin, Norhani Wan Hussin, Wan Nordin Methodology Banking Interest rates Credit. Debt. Loans This study provides an overview of the issue of financial restatements among Malaysian public listed companies by investigating the trend and reasons for financial restatements for the period beginning 2005 through to 2014. Based on the Thompson Reuters DataStream database which provides restatement data for 915 Malaysian companies (9,150 company-year observations), detailed analysis shows that there is a total of 1,945 (21.26%) restatements occurring during the period. The highest number of restatement occurrences was in 2010 with 342 cases (17.58%) while the lowest was in 2008 with 41 cases (2.11%). The majority of restatement cases occurred due to changes in accounting policies with more than 75% of financial restatement cases found within four sectors: industrial products, trading and services, consumer products, and technology. The results of the study will be useful to regulating bodies such as Bursa Malaysia, Securities Commission and Malaysian Accounting Standard Board in as much as they highlight the trend and reasons for financial restatements among Malaysian public listed companies. Further investigation could be conducted for companies that regularly change their accounting policies Universiti Teknologi MARA Cawangan Sarawak 2017-06 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/33989/1/33989.pdf A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin. (2017) International Journal of Service Management and Sustainability (IJSMS), 2 (2). pp. 1-16. ISSN 2550-1569 http://www.ijsmssarawak.com/
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Methodology
Banking
Interest rates
Credit. Debt. Loans
spellingShingle Methodology
Banking
Interest rates
Credit. Debt. Loans
Qasem, Ameen
Aripin, Norhani
Wan Hussin, Wan Nordin
A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin
description This study provides an overview of the issue of financial restatements among Malaysian public listed companies by investigating the trend and reasons for financial restatements for the period beginning 2005 through to 2014. Based on the Thompson Reuters DataStream database which provides restatement data for 915 Malaysian companies (9,150 company-year observations), detailed analysis shows that there is a total of 1,945 (21.26%) restatements occurring during the period. The highest number of restatement occurrences was in 2010 with 342 cases (17.58%) while the lowest was in 2008 with 41 cases (2.11%). The majority of restatement cases occurred due to changes in accounting policies with more than 75% of financial restatement cases found within four sectors: industrial products, trading and services, consumer products, and technology. The results of the study will be useful to regulating bodies such as Bursa Malaysia, Securities Commission and Malaysian Accounting Standard Board in as much as they highlight the trend and reasons for financial restatements among Malaysian public listed companies. Further investigation could be conducted for companies that regularly change their accounting policies
format Article
author Qasem, Ameen
Aripin, Norhani
Wan Hussin, Wan Nordin
author_facet Qasem, Ameen
Aripin, Norhani
Wan Hussin, Wan Nordin
author_sort Qasem, Ameen
title A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin
title_short A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin
title_full A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin
title_fullStr A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin
title_full_unstemmed A descriptive analysis of financial restatements in Malaysia / Ameen Qasem, Norhani Aripin and Wan Nordin Wan Hussin
title_sort descriptive analysis of financial restatements in malaysia / ameen qasem, norhani aripin and wan nordin wan hussin
publisher Universiti Teknologi MARA Cawangan Sarawak
publishDate 2017
url https://ir.uitm.edu.my/id/eprint/33989/1/33989.pdf
https://ir.uitm.edu.my/id/eprint/33989/
http://www.ijsmssarawak.com/
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score 13.211869

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