Examining the practice of contemporary goodwill accounting in Malaysia

Tyrone Carlin, Nigel Finch, Hidayah Laili

Research output: Contribution to journalConference paperResearchpeer-review

Abstract

The recent introduction of FRS 136 in Malaysia presents an opportunity to examine the practice of goodwill accounting by first-time reporting entities and to yield insights into the implications of and challenges associated in Malaysia with transition to a new reporting regime. By examining actual disclosures with mandated requirements of the standard we find evidence of a wide range of diversity in practice by large listed Malaysian with many firms failing to meet even basic disclosure requirements. These finding suggest that continued improvement is required by Malaysian companies and their auditors before Malaysian practice meets international standards.

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Malaysia
Goodwill accounting
International standards
Disclosure requirements
Disclosure
Auditors

Cite this

@article{57470bbc78794efe800917d93995d02d,
title = "Examining the practice of contemporary goodwill accounting in Malaysia",
abstract = "The recent introduction of FRS 136 in Malaysia presents an opportunity to examine the practice of goodwill accounting by first-time reporting entities and to yield insights into the implications of and challenges associated in Malaysia with transition to a new reporting regime. By examining actual disclosures with mandated requirements of the standard we find evidence of a wide range of diversity in practice by large listed Malaysian with many firms failing to meet even basic disclosure requirements. These finding suggest that continued improvement is required by Malaysian companies and their auditors before Malaysian practice meets international standards.",
author = "Tyrone Carlin and Nigel Finch and Hidayah Laili",
year = "2009",
language = "English",
pages = "1--22",
journal = "2009 AFAANZ Conference proceedings, 5-7 July 2009, Adelaide, Australia. Carlton, Vic. : AFAANZ, 2009",
issn = "1328-780X",
publisher = "Accounting and Finance Association of Australia and New Zealand",

}

Examining the practice of contemporary goodwill accounting in Malaysia. / Carlin, Tyrone; Finch, Nigel; Laili, Hidayah.

In: 2009 AFAANZ Conference proceedings, 5-7 July 2009, Adelaide, Australia. Carlton, Vic. : AFAANZ, 2009, 2009, p. 1-22.

Research output: Contribution to journalConference paperResearchpeer-review

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AU - Laili, Hidayah

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AB - The recent introduction of FRS 136 in Malaysia presents an opportunity to examine the practice of goodwill accounting by first-time reporting entities and to yield insights into the implications of and challenges associated in Malaysia with transition to a new reporting regime. By examining actual disclosures with mandated requirements of the standard we find evidence of a wide range of diversity in practice by large listed Malaysian with many firms failing to meet even basic disclosure requirements. These finding suggest that continued improvement is required by Malaysian companies and their auditors before Malaysian practice meets international standards.

M3 - Conference paper

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JO - 2009 AFAANZ Conference proceedings, 5-7 July 2009, Adelaide, Australia. Carlton, Vic. : AFAANZ, 2009

T2 - 2009 AFAANZ Conference proceedings, 5-7 July 2009, Adelaide, Australia. Carlton, Vic. : AFAANZ, 2009

JF - 2009 AFAANZ Conference proceedings, 5-7 July 2009, Adelaide, Australia. Carlton, Vic. : AFAANZ, 2009

SN - 1328-780X

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