An Analysis of the Engagement Partner Busyness in Malaysia Pre- and Post- Establishment of the Audit Oversight Board
The audit market in Malaysia witnessed a significant change in 2010 with the establishment of the Audit Oversight Board (AOB) to promote confidence in the quality and reliability of the audited financial statements in Malaysia.The AOB has the power to inspect the audit working papers, and conduct in...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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International Information Institute
2016
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| Online Access: | https://repo.uum.edu.my/id/eprint/24251/1/I%2019%2010B%202016%204761%204766.pdf |
| _version_ | 1825805075038076928 |
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| author | Wan Hussin, Wan Nordin Bamahros, Hasan Mohammed Shukeri, Siti Nonvahida |
| author_facet | Wan Hussin, Wan Nordin Bamahros, Hasan Mohammed Shukeri, Siti Nonvahida |
| author_sort | Wan Hussin, Wan Nordin |
| collection | UUM |
| description | The audit market in Malaysia witnessed a significant change in 2010 with the establishment of the Audit Oversight Board (AOB) to promote confidence in the quality and reliability of the audited financial statements in Malaysia.The AOB has the power to inspect the audit working papers, and conduct inquiries and impose sanctions against non-compliance with the International Standards on Auditing, and other quality control standards. This study compares the annual and quarterly busyness of the signing audit partners in terms of the number of engagements pre- and post- establishment of the AOB.The finding indicates that there is a significant reduction in the number of multiple client engagements per signing partner following the establishment of AOB,
suggesting that the incidence of overburdened engagement partners who may not devote sufficient time in directing audit effort and supe~sion has reduced. |
| first_indexed | 2024-07-04T06:25:57Z |
| format | Article |
| id | uum-24251 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:25:57Z |
| publishDate | 2016 |
| publisher | International Information Institute |
| record_format | eprints |
| spelling | uum-242512020-11-02T06:53:01Z https://repo.uum.edu.my/id/eprint/24251/ An Analysis of the Engagement Partner Busyness in Malaysia Pre- and Post- Establishment of the Audit Oversight Board Wan Hussin, Wan Nordin Bamahros, Hasan Mohammed Shukeri, Siti Nonvahida HD28 Management. Industrial Management The audit market in Malaysia witnessed a significant change in 2010 with the establishment of the Audit Oversight Board (AOB) to promote confidence in the quality and reliability of the audited financial statements in Malaysia.The AOB has the power to inspect the audit working papers, and conduct inquiries and impose sanctions against non-compliance with the International Standards on Auditing, and other quality control standards. This study compares the annual and quarterly busyness of the signing audit partners in terms of the number of engagements pre- and post- establishment of the AOB.The finding indicates that there is a significant reduction in the number of multiple client engagements per signing partner following the establishment of AOB, suggesting that the incidence of overburdened engagement partners who may not devote sufficient time in directing audit effort and supe~sion has reduced. International Information Institute 2016 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/24251/1/I%2019%2010B%202016%204761%204766.pdf Wan Hussin, Wan Nordin and Bamahros, Hasan Mohammed and Shukeri, Siti Nonvahida (2016) An Analysis of the Engagement Partner Busyness in Malaysia Pre- and Post- Establishment of the Audit Oversight Board. Information, 19 (10B). pp. 4761-4766. ISSN 1343-4500 http://www.information-iii.org/abs_e2.html#No10(B)-2016 |
| spellingShingle | HD28 Management. Industrial Management Wan Hussin, Wan Nordin Bamahros, Hasan Mohammed Shukeri, Siti Nonvahida An Analysis of the Engagement Partner Busyness in Malaysia Pre- and Post- Establishment of the Audit Oversight Board |
| title | An Analysis of the Engagement Partner Busyness in Malaysia Pre- and Post- Establishment of the Audit Oversight Board |
| title_full | An Analysis of the Engagement Partner Busyness in Malaysia Pre- and Post- Establishment of the Audit Oversight Board |
| title_fullStr | An Analysis of the Engagement Partner Busyness in Malaysia Pre- and Post- Establishment of the Audit Oversight Board |
| title_full_unstemmed | An Analysis of the Engagement Partner Busyness in Malaysia Pre- and Post- Establishment of the Audit Oversight Board |
| title_short | An Analysis of the Engagement Partner Busyness in Malaysia Pre- and Post- Establishment of the Audit Oversight Board |
| title_sort | analysis of the engagement partner busyness in malaysia pre and post establishment of the audit oversight board |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/24251/1/I%2019%2010B%202016%204761%204766.pdf |
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