Audit quality can be defined as relating to the probability that financial statements contain no material omissions or misstatements. Previous research on the subject of audit quality relies on the assumption that large audit firms (Big 4) are homogenous in providing higher audit quality than small audit firms (non-Big 4). This paper examines the audited disclosures made during the transition period under FRS 136 of a sample of large Malaysian listed corporations who each have engaged Big 4 auditors. The results find a large cross sectional variation in the quality of disclosures between audit firms, providing contrary evidence to the homogenous Big 4 audit quality assumption.
|Number of pages||3|
|Journal||Proceedings of the 38th Annual Meeting of the Western Decision Sciences Institute|
|Publication status||Published - 2009|
|Event||Western Decision Sciences Institute Annual Meeting (38th : 2009) - Hawaii|
Duration: 7 Apr 2009 → 11 Apr 2009