Development of Auditing in Malaysia:Legal,Political and Historical Influences
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This work investigates the role and contribution of external auditing as practised in the Malaysian society during the forty year period from independence in 1957 to just before the onset of the Asian Financial Crisis in 1997. It applies the political economic theory introduced
by Tinker (1980) and refined by Cooper & Sherer (1984), which emphasises the social
relations aspects of professional activity rather than economic forces alone. In a case study
format where qualitative data was gathered mainly from primary and secondary source
materials, the study found that the function of auditing in the Malaysian society in most cases
is devoid of any essence of mission; instead it is created, shaped and changed by the pressures
which give rise to its development over time. The largely insignificant role that it serves is
intertwined within the contexts in which it operates.
Keywords
HG Finance