An explanatory review of audit market concentration and auditor workload in Malaysia
The purpose of this study is to provide updated information and facts of the Malaysian audit market concentration and auditor workload. The global auditing services market is presently dominated by a group of four audit firms which known as Big 4; namely Deloitte, PriceWaterhouseCoopers, Ernst &...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2019-05-01
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| Series: | Accounting |
| Subjects: |
| _version_ | 1811299975745765376 |
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| author | Ali Raza Wan Nordin Wan Hussin Jamaliah Abdul Majid |
| author_facet | Ali Raza Wan Nordin Wan Hussin Jamaliah Abdul Majid |
| author_sort | Ali Raza |
| collection | DOAJ |
| description | The purpose of this study is to provide updated information and facts of the Malaysian audit market concentration and auditor workload. The global auditing services market is presently dominated by a group of four audit firms which known as Big 4; namely Deloitte, PriceWaterhouseCoopers, Ernst & Young and KPMG. The audit industry in Malaysia offers several exemptions, as observed that two of non-big 4 audit firms succeeded to make their place into the Malaysian top 4. The study examined the audit firms share based on the number of audits and included all Malaysian public listed companies from 2012 to 2016.The findings indicate that the Malaysian audit market falls into the category of loose oligopoly and dominated by 8 audit firms. It is noted that the market share of the Big 4 in Malaysia have been reduced over a five-year period 2012-2016, and these firms mainly focusing more on large or more established clients. The examination related to auditor workload suggests that there is a decreasing trend in the workload of individual audit partners; on average the Big 4 firms staffing ratio is lower as compared with non-big 4 which may indicate that Big 4 partners have less workload. The study is useful for policy makers and regulators to better analyze the audit market concentration and workload in Malaysia. |
| first_indexed | 2024-04-13T06:44:29Z |
| format | Article |
| id | doaj.art-13f865eb5026498fa4445f641482fbc9 |
| institution | Directory Open Access Journal |
| issn | 2369-7393 2369-7407 |
| language | English |
| last_indexed | 2024-04-13T06:44:29Z |
| publishDate | 2019-05-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Accounting |
| spelling | doaj.art-13f865eb5026498fa4445f641482fbc92022-12-22T02:57:38ZengGrowing ScienceAccounting2369-73932369-74072019-05-015413514410.5267/j.ac.2019.4.001An explanatory review of audit market concentration and auditor workload in MalaysiaAli RazaWan Nordin Wan HussinJamaliah Abdul MajidThe purpose of this study is to provide updated information and facts of the Malaysian audit market concentration and auditor workload. The global auditing services market is presently dominated by a group of four audit firms which known as Big 4; namely Deloitte, PriceWaterhouseCoopers, Ernst & Young and KPMG. The audit industry in Malaysia offers several exemptions, as observed that two of non-big 4 audit firms succeeded to make their place into the Malaysian top 4. The study examined the audit firms share based on the number of audits and included all Malaysian public listed companies from 2012 to 2016.The findings indicate that the Malaysian audit market falls into the category of loose oligopoly and dominated by 8 audit firms. It is noted that the market share of the Big 4 in Malaysia have been reduced over a five-year period 2012-2016, and these firms mainly focusing more on large or more established clients. The examination related to auditor workload suggests that there is a decreasing trend in the workload of individual audit partners; on average the Big 4 firms staffing ratio is lower as compared with non-big 4 which may indicate that Big 4 partners have less workload. The study is useful for policy makers and regulators to better analyze the audit market concentration and workload in Malaysia.Audit MarketConcentration RatioCapital MarketBig 4 Audit FirmsAuditor WorkloadStaffing Ratio |
| spellingShingle | Ali Raza Wan Nordin Wan Hussin Jamaliah Abdul Majid An explanatory review of audit market concentration and auditor workload in Malaysia Accounting Audit Market Concentration Ratio Capital Market Big 4 Audit Firms Auditor Workload Staffing Ratio |
| title | An explanatory review of audit market concentration and auditor workload in Malaysia |
| title_full | An explanatory review of audit market concentration and auditor workload in Malaysia |
| title_fullStr | An explanatory review of audit market concentration and auditor workload in Malaysia |
| title_full_unstemmed | An explanatory review of audit market concentration and auditor workload in Malaysia |
| title_short | An explanatory review of audit market concentration and auditor workload in Malaysia |
| title_sort | explanatory review of audit market concentration and auditor workload in malaysia |
| topic | Audit Market Concentration Ratio Capital Market Big 4 Audit Firms Auditor Workload Staffing Ratio |
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