Quality monitoring of the accounting profession : are we ready for peer review? / Normah Omar, Mohd Johari AIwi and Zaini Ahmad

Omar, Normah and AIwi, Mohd Johari and Ahmad, Zaini (2003) Quality monitoring of the accounting profession : are we ready for peer review? / Normah Omar, Mohd Johari AIwi and Zaini Ahmad. National Accounting Research Journal, 1 (1). pp. 49-66. ISSN 1675-753X

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Abstract

One of the main concerns of the accounting profession is to provide consistently high quality services. In line with this objective, the current study was conducted for three main purposes: to determine the level of internal quality control and documentation amongst public accounting practices in Malaysia; to examine the role of the Malaysian Institute of Accountants (MIA) in ensuring members' compliance to the International Standards of Auditing (Al) on Internal quality and documentation, and to explore the potential of using peer review as a tool for monitoring the quality of public practices in Malaysia. The findings implied that the practitioners have satisfactorily adopted quality control policies and procedures as required by the International Auditing Standards. In addition, the public accounting firms were also found to have placed significant attention to the form and content of documentation as stipulated by the Als. The potential of using peer review as a quality-monitoring tool has strong support amongst the locally established public practices.

Item Type: Article
Uncontrolled Keywords: Accounting profession, Quality control, Malaysian Institute of Accountants (MIA), Peer review, Audit
Subjects: H Social Sciences > HF Commerce > Performance standards
H Social Sciences > HF Commerce > Accounting. Bookkeeping > Accountants > Malaysia
H Social Sciences > HF Commerce > Accounting. Bookkeeping > Auditing. Auditors
Divisions: Faculty of Accountancy
Depositing User: Staf Pendigitan 1
Date Deposited: 21 Apr 2015 08:35
Last Modified: 09 Sep 2016 11:35
URI: http://ir.uitm.edu.my/id/eprint/11675

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