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The structure of Malaysian audit market: From 2008 to 2010


Mohamad Nor, Mohamad Naimi and Abidin, Shamharir (2015) The structure of Malaysian audit market: From 2008 to 2010. In: 3rd IBEA International Conference on Business, Economics and Accounting, 15-17 April 2015, Ho Chi Minh City, Vietnam.

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Abstract

The purpose of this study is to provide updated knowledge and detail on the structure of Malaysian audit market in the pre and post Audit Oversight Board (AOB) establishment.This study includes all Malaysian listed companies from 2008 to 2010.The examination of audit market structure was based on rate of audit fee per unit of size, audit market concentration and individual firm's market share. The results suggest Malaysia audit market can be described as tight oligopoly and there is slight changes in the market during the period 2008 - 2010. The noted changes ore reduction of oudit supplies and the increment of audit fee. The result suggest evidence of economic of scale enjoyed by big size companies.It is interesting to note that, while Big Four are now reducing the number of audit clients, they instead are focusing on larger clients. Focusing on big size companies possibly indicates a strategic move to avoid risky clients.Ernst & Young and PricewaterhouseCoopers are the most influential among Big Four firms, meanwhile Four firms, is enlarging its market share.This study contributes to the audit market literature addressing the strategy adopted by audit firm in low litlgation risk environment.The study also examines the market power of non-Big Four firms in a developing country which is rarely investigated.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN: 978-602-19725-8-8 Organized by: University of Economics, Ho Chi Minh City Vietnam
Uncontrolled Keywords: Auditmarket, Big Four, market concentration, audit fee, audit quality
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Dr. Mohamad Naimi Mohamad Nor
Date Deposited: 26 May 2015 06:34
Last Modified: 17 Apr 2016 00:14
URI: http://repo.uum.edu.my/id/eprint/14346

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