A socio-legal study on non-compliance with accounting standards and clean audit report
This study aims to explore the reasons why a clean audit report was issued despite non-compliance with accounting standards disclosure requirements. To achieve this objective, a semi-structured interview was used to gather opinions of practitioners regarding the issuance of clean audit report wi...
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| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | en |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://eprints.unisza.edu.my/607/1/FH03-FLAIR-16-04833.pdf http://eprints.unisza.edu.my/607/ |
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| Summary: | This study aims to explore the reasons why a clean
audit report was issued despite non-compliance with accounting
standards disclosure requirements. To achieve this objective, a
semi-structured interview was used to gather opinions of
practitioners regarding the issuance of clean audit report with
respect to non-compliance with accounting standards. Our
interview findings indicate that materiality and true and fair view
could be the answers for issuing a clean audit report despite
significant non-compliance with accounting standards. The findings
of this study might help regulators, standard-setters and accounting
professional bodies in monitoring and safeguarding the quality of
financial reporting. |
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