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An examination of audit functions: Accounting students’ perspective


Ramlan, Mohd Raime and Mohamed Noor, Mohd Naimi and Danila, Raudah (2009) An examination of audit functions: Accounting students’ perspective. In: Kedah Conference 2009, 2009, Kedah, Malaysia. (Unpublished)

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Abstract

The objective of this study is to examine the auditing function which serves the users of financial statements.The financial statements have been accepted as major sources for a company financial position where interested external parties based in their decision-making process.In addition, the auditor is expected to enhance the quality of financial report; that its reliability, credibility and comparability through a proper and competent course of audit.This study has selected students of higher learning institution.The researcher replicates a survey from Reynolds (1989) to examine how respondents actually view the audit functions in terms of its importance and effectiveness.The total mean for each variable was calculated and used to measure respondents’ perception and to test the hypotheses.The descriptive technique employed statistically indicated that all audit function was perceived as important and effective. For perceived importance, the findings had indicated that the students highly expected auditor to enhance the reliability of financial statements, ensure the reports are prepared in accordance to GAAP and sufficiently carry out valuation on company liabilities. In term of effectiveness, they agree that the auditors have effectively delivered audit function such on performing independent opinion of financial report, auditing profession is self regulated and auditors have ensured that the preparation of financial statements are according to GAAP. Audit functions are also ranked based on their total mean.Finally, a comparison was made between results from the current and Reynolds’ study to identify how different group of users actually perceive audit functions that are currently being performed by audit practitioners.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Secretariat: Network of Asia Pacific Schools and Institutes of Public Administration and Government (NAPSIPAG)
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
L Education > LB Theory and practice of education > LB2300 Higher Education
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Dr. Mohamad Naimi Mohamad Nor
Date Deposited: 25 Feb 2014 09:18
Last Modified: 25 Apr 2016 08:28
URI: http://repo.uum.edu.my/id/eprint/9475

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