Publication:
The impact of FRS adoption on audit fees : empirical evidence from Malaysian listed companies

dc.contributor.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#en_US
dc.contributor.authorWan Abdul Wahid Wan Lokman
dc.date.accessioned2024-10-04T08:45:58Z
dc.date.available2024-10-04T08:45:58Z
dc.date.issued2013
dc.description.abstractThe purpose of this study is to examine the association between FRS adoption and audit fees paid to external auditors in Malaysia. Specifically, it is argued that the new accounting standards, FRS, are perceived to be substantially different from the old standards, which are more complicated and thus require auditors to undertake greater audit efforts, which, in turn, lead to higher fees charged to clients. Furthermore, it is also hypothesised that higher audit fees are expected to be stronger for companies that adopt FRS, as these companies are perceived to have higher risks. This, in turn, results in higher fees being paid to the external auditors. The data for the study is obtained from secondary data (annual report). The sample companies are 170 companies listed on Bursa Malaysia for the financial year ended 2006. Based on 170 sample-firms, the results reveal that FRS adoption is positively and significantly associated with statutory audit fees. The results are consistent with FRS adoption, which will result in increased scope of work and responsibility of the external auditors, and, ultimately, entails additional costs. The findings of this study in Malaysia offer support for previous finding concerning the complexity of FRS and the lack of preparation in adoption among Malaysian companies. However, there is no evidence to support that non-audit fees are positively and significantly associated with FRS adoption. This study contributes to the audit fees literature by examining the association between FRS adoption and fees paid to external auditors. In particular, instead of using a longitudinal study, this study focuses on the first year FRS adoption. Furthermore, this study is conducted in Malaysia, which is a unique environment that offers a different development towards IFRS adoption whereby the MASB is gradually and progressively improving the accounting standards towards full IFRS adoption in 2012.en_US
dc.description.callnumbert HF 5667 W244I 2013en_US
dc.description.degreelevelMasteren_US
dc.description.identifierThesis : The impact of FRS adoption on audit fees : empirical evidence from Malaysian listed companies /by Wan Abdul Wahid bin Wan Lokmanen_US
dc.description.identityt00011288973WanAbdulWahiden_US
dc.description.kulliyahKulliyyah of Economics and Management Sciencesen_US
dc.description.notesThesis (MSACC)--International Islamic University Malaysia, 2013en_US
dc.description.physicaldescriptionxi, 85 leaves : ill. ; 30cmen_US
dc.description.programmeMaster of Science in Accountingen_US
dc.identifier.urihttps://studentrepo.iium.edu.my/handle/123456789/2562
dc.identifier.urlhttps://lib.iium.edu.my/mom/services/mom/document/getFile/6c4krgBVrIuQTzVdOpZPlweJTCTrn1YZ20140321100419609
dc.language.isoenen_US
dc.publisherKuala Lumpur: International Islamic University Malaysia, 2013en_US
dc.rightsCopyright International Islamic University Malaysia
dc.subject.lcshAuditing -- Malaysiaen_US
dc.subject.lcshAuditors -- Malaysiaen_US
dc.subject.lcshCorporations -- Malaysiaen_US
dc.titleThe impact of FRS adoption on audit fees : empirical evidence from Malaysian listed companiesen_US
dc.typeMaster Thesisen_US
dspace.entity.typePublication
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#

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